For more videos from the Future Face of Finance Summit, click here.
Deputy Treasury Secretary Neal Wolin is urging lawmakers not to tie the U.S. debt limit to the debate on fiscal discipline.
Last week, President Obama went to Cleveland to meet with small business owners to hear about their successes and setbacks. One of the prominent themes of that meeting was innovation. In his closing remarks from the forum, Obama cited multiple examples of innovation in companies he sees moving the economy forward, such as Ashlawn Energy, a company that Obama says is "poised to manufacture a next-generation energy storage system in Painesville [Ohio] that will improve efficiency."
Chat among markets in the U.S. and Europe is that if the authorities clamp down on banks too hard, they’ll simply up sticks and move more of their business over to Asia.
By Huw Jones
The planned merger of Deutsche Boerse and NYSE Euronext will create the world's biggest bourse with 90 percent of on-exchange traded derivatives in Europe.
It has certainly focused minds and boosted CEO airmiles.
Speakers at the Reuters Future Face of Finance Summit were upbeat about their chances of winning a slice of this market which shows more promise for the bottom line than share trading, where competition is as ferocious as margins are thin.
Chi-X Europe, busy finalising its merger with BATS, took time out to explain how it too is targetting derivatives -- believing that a heady brew of shares, futures, options and ETFs on one platform will turn trading heads their way.
Last week saw the London Stock Exchange unveiling plans to turn its Turquoise pan-European platform into a derivatives winner too. And LCH.Clearnet, the clearing house, also sees
derivatives as the future.
Thomson Reuters March 1 Newsmaker guests Dominic Barton and Klaus Kleinfeld shared the stage at Davos this year with Fareed Zakaria, Jamie Dimon, Eckhard Cordes and Maurice Lévy. The Davos panel, titled "The Next Shock: Are We Better Prepared?" centered around Jamie Dimon's vigorous defense of the banking industry. Although a bit overlooked in the coverage of the event, both Barton and Kleinfeld spoke about their predictions for the global economy. Watch this video to see why Barton is concerned that a bubble is developing in emerging markets, thanks to their urbanization push, and watch Kleinfeld explain why the health care industry should be viewed as a "job engine."
Dominic Barton of McKinsey & Co. stopped by the set of Chrystia's Davos TV show in late January to discuss the global economy along with Richard Haass of the Council on Foreign Relations and Bob Shiller of Yale University. Hear why Barton's worried about inflation in emerging markets, why the U.S. should be pitching China's sovereign wealth fund on infrastructure projects in America and where is the "Florida of China":