Sterling dives as Brexit talks hang in the balance
The pound’s move lower comes amid escalating fears that U.K. and EU negotiators may fail to reach a deal before the end-of-year deadline.
Financial News
StanChart CEO Bill Winters says digital currencies’ widespread rollout is ‘absolutely inevitable’
Key Points Standard Chartered’s Bill Winters has said the creation and adoption of digital currencies is “absolutely inevitable.” The CEO told Singapore’s FinTech Festival the rollout would be led by …
Banks face two major risks in 2021, says CEO of Singapore’s largest bank DBS
DBS CEO talks about why customer experience matters in the banking industry Squawk Box Asia SINGAPORE — Global banks will be confronted by two major headwinds next year: rising defaults …
China hands out $3 million of digital yuan as JD.com becomes first online platform to accept it
The digital yuan, which is controlled and issued by the People’s Bank of China, is what’s known as a central bank digital currency (CBDC). The central bank calls its project …
Brexit talks reach critical point as UK says chances of deal are receding
Michel Barnier, European Union (EU) chief negotiator, departs from his hotel to attend Brexit talks in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The U.K. and European …
Lawmakers unveil bipartisan $900 billion coronavirus stimulus package as stalemate drags on
VIDEO 4:34 04:34 Sen. Mark Warner on bipartisan push for extended coronavirus relief Squawk Box Bipartisan lawmakers unveiled a coronavirus stimulus package Tuesday after months of congressional inaction on curbing …
George Soros has changed his mind on Europe amid doubts over the future of the EU
George Soros OLIVIER HOSLET | AFP | Getty Images LONDON — George Soros has changed his mind about how the European Union should finance the costs of the coronavirus pandemic, …
The world’s second-biggest cryptocurrency is getting a major upgrade — here’s what you need to know
Ether, the digital token of the Ethereum blockchain, is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images While you’ve been watching the …
Pfizer, BioNTech apply for Covid vaccine approval in Europe
A volunteer is injected with a vaccine as he participates in a coronavirus disease (COVID-19) vaccination study at the Research Centers of America, in Hollywood, Florida, U.S., September 24, 2020. …
Euro zone agrees to overhaul bailout fund in a move likely to appeal to investors
Eurogroup president Paschal Donohoe, on the screen, speaks during an online news conference following an Eurogroup video conference. FRANCISCO SECO | AFP | Getty Images LONDON — Euro zone finance …