News from Around the World

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REUTERS

Where now for the rules that rocked European finance?


Helping small and medium companies access capital markets was at the heart of Mifid II but more than 16 months on, bankers and regulators are worrying that Europe’s flagship securities-industry overhaul has become more of a problem than a solution.

Sputnik News

China says it’s still preparing for US trade talks — but won’t give details after new Trump threats


China said Monday its negotiators are still preparing to travel to the U.S. for trade talks this week despite President Donald Trump threatening Beijing with increased tariffs.

PHOTO: NIKKI RITCHER FOR THE WALL STREET JOURNAL

Facebook Building Cryptocurrency-Based Payments System


Facebook Inc is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network.

Dalio Says Something Like MMT Is Coming, Whether We Like It Or Not


Central banking as we know it is on the way out, and it’s “inevitable” that something like modern monetary theory will replace it, billionaire investor Ray Dalio said.

Iran Oil Minister

Nations using oil as a weapon threatens OPEC: Iran oil minister


GENEVA (Reuters) - Any country using oil as a weapon could cause the collapse of oil producer group OPEC, Iran’s Oil Minister Bijan Zanganeh said on Wednesday, according to SHANA, the news outlet of the oil ministry.

© Reuters

Venezuela’s Juan Guaidó calls for uprising against Nicolás Maduro


Juan Guaidó, Venezuela’s opposition leader, called for an uprising against the government of Nicolás Maduro on Tuesday and indicated he had military support.

economist

Spain’s Socialists win the election, but need to find allies


BACK LAST May when he filed the censure motion that brought him into office, Pedro Sánchez brushed off demands for an immediate election.

 FILE PHOTO: World Bank Group President David Malpass and IMF Managing Director Christine Lagarde at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, U.S. April 13, 2019. REUTERS/James Lawler Duggan

World Bank's new president skips China's Belt and Road for Africa trip


David Malpass, fresh from a senior Trump administration post at the U.S. Treasury Department, is instead making his first foreign trip as the World Bank’s leader to sub-Saharan Africa to highlight his vision for the bank’s poverty reduction and development agenda.

ALEX KRAUS/BLOOMBERG NEWS

Deutsche Bank, Crosstown Rival Commerzbank End Deal Talks


Banking giant Deutsche Bank AG DB -1.41% and its crosstown rival Commerzbank AG CRZBY -3.15% Thursday ended merger talks, leaving in tatters the German government’s hope to shore up both banks and create a domestic banking powerhouse.

The CEOs and chairmen of both banks met Thursday morning in Frankfurt to seal the decision, a person familiar with the meeting said. Deutsche Bank had been leaning toward pulling out of negotiations for the past week, daunted by the costs and intricacies of combining the banks and difficulties convincing shareholders of the upside, people close to the discussions say.

Tom Williams/CQ Roll Call

As Herman Cain Bows Out of Fed Contention, Focus Shifts to Stephen Moore


WASHINGTON — President Trump announced Monday that Herman Cain, one of his two embattled picks for the Federal Reserve Board, had withdrawn his name from consideration, even as his second candidate came under new scrutiny over his attitudes toward women.