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Alexis Stenfors

Alexis Stenfors

Senior Lecturer in Economics and Finance, University of Portsmouth

I have been a Senior Lecturer at Portsmouth Business School since January 2014 and work within the Economics and Finance subject group. I have 15 years of experience from the foreign exchange and interest rate derivatives markets, having been a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, I returned to academia to do research on the LIBOR and completed my doctoral thesis with the title ‘Determining the LIBOR: A Study of Power and Deception’ in 2013. I have also held teaching positions at SOAS (University of London) and Olin Business School (Washington University in St. Louis). My recent research on benchmark manipulation has been published in journals such as the Journal of International Financial Markets, Institutions & Money and the Review of Political Economy. I am also the author of ‘Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History’ (London: Zed Books, May 2017).

Why Japanese yen is still one of the safest places to park your money in a market crash

Mar 16, 2020 06:42 am UTC| Investing

Fear is contagious not least in financial markets. When it turns to panic, it spreads fast in todays interconnected and technologically advanced trading world. Assets that are associated with some kind of risk fall in...

'The day the world changed' – a former trader on how the credit crunch kicked off

Aug 07, 2017 15:39 pm UTC| Insights & Views Economy

When I received a phone call from a trader colleague at Merrill Lynch on August 9 2007, I was in the middle of chopping wood in the Swedish countryside. As always, I had my mobile on me in case of an emergency. I...

The scandal might be over but LIBOR ethics remain fundamentally flawed

May 13, 2017 03:30 am UTC| Insights & Views Law

When I was a trader at HSBC, Citibank, Crédit Agricole and Merrill Lynch, being able to accurately predict the the London Interbank Offered Rate (or LIBOR) each day was a central part of my job. It was, and still...

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Economy

Canceled bookings cost hosts to lose thousands of dollars a month

A number of Airbnb hosts in the United States are planning to sell their properties as well as the furnishings they bought to adorn their homes due to the financial fallout from the pandemic. Canceled bookings cost...

Imports of Japanese beer fell 89 percent to $630,000, while Japanese vehicles dropped 59 percent to $62 million

South Korea imported US$249 million worth of Japanese consumer goods in April, down 37 percent from last year, mainly due to backlash from Korean consumers against Japans export restrictions. Imports of Japanese beer...

The country's economy already struggled before it had to deal with the outbreak.

Indias economy would plummet for the fiscal year of 2020-2021 despite a rebound in activity in the coming months, says the head of Indias central bank Shaktikanta Das. He gave his projection while announcing a slew of...

However, overall exports dipped 1.4 percent in the first quarter.

South Koreas exports of eight new-industry goods in the first-quarter jumped 17 percent from the previous year to $21 billion despite a drop in overall exports. The goods include aviation products and drones, biohealth...

The rise in inequality is attributed to the shrinking wages of low-income households, and a cut down in temporary positions

The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the countrys low-paying jobs being slashed due to the COVID-19 pandemic. The average monthly income of households...

Politics

Joe Biden says he will likely pick his vice president by August 1

Joe Biden is yet to name his pick for his vice president. However, he said that the vetting process would likely be done by July and that he would already decide on a running mate by August 1. In an interview with CNNs...

President Donald Trump's tweets receive fact check warnings, threatens to shut down social media sites

President Donald Trump has been known to engage in Twitter rants, attacking people he does not like on the platform. Following Twitters fact check warnings on some of his recent tweets, Trump threatens to close down the...

Pennsylvania Governor Tom Wolf endorses Joe Biden as President

Former vice president Joe Biden has received endorsements from many workers organizations as of late. His latest endorsement comes from Pennsylvanias Governor Tom Wolf. Wolf announced his decision to endorse Biden...

Donald Trump, Melania Trump face backlash for not wearing face masks during public events

Donald Trump and Melania Trump has received some backlash online after attending public Memorial Day events without face masks. The criticisms amass as the United States continues to see a daily increase in COVID-19...

Barack Obama can reportedly visit Queen Elizabeth again even after he left the White House

Presidents and first ladies of the United States have been some of the usual visitors of Queen Elizabeth and the British Royal Family over the years. However, the 44th US President Barack Obama reportedly left such a good...

Science

New study suggests asteroid collision did not cause extinction of the dinosaurs

It is widely believed that an asteroid collision on Earth was responsible for the mass extinction of the dinosaurs. However, a new study seems to suggest that it was not the case at all. Express reports that researchers...

Apollo 11: Buzz Aldrin reveals how they planted the US flag on the Moon

The historical Apollo 11 mission took place in 1969, with Neil Armstrong and Buzz Aldrin becoming the first men on the Moon. In uncovered interview footage, Aldrin reveals something about the flag they planted on the...

NASA: Rocosmos says Russia is to begin work on new space station

As NASA and Elon Musks SpaceX program are to make their first-ever launch on American soil, this would mean NASA would no longer rely on Russian space agency Rocosmos for launching its astronauts into space. Rocosmos chief...

Asteroids: Asteroid-comet hybrid spotted by NASA's asteroid warning system

Hybrids of objects seen in space are very rarely sighted, until recently. NASAs asteroid warning system in Hawaii recently spotted one hybrid of an asteroid and a comet known as Trojans. Express reports that astronomers...

Technology

PS Plus free games June 2020: ‘Call of Duty: WWII’ confirmed, second title could be ‘Star Wars Battlefront II’ or ‘Marvel’s Spider-Man’

Sony is doing things a bit differently with its announcement for the PS Plus free games for June 2020. The first game, Call of Duty: WWII, is already available for PS4 console gamers even before May ended. However, the...

Square Enix reportedly works on ‘Kingdom Hearts’ TV pilot with Unreal Engine

Rumored plans to bring Sora to the TV screens appear to be moving along. Square Enix has been reportedly asked to make the Kingdom Hearts TV series pilot using the Unreal Engine. Square Enix is involved in making...

‘The Sims 5’ listed as an ‘incoming PS5 game’ on PlayStation Magazine

EA and Maxis may have been very quiet about their plans for The Sims 5, but it appears that the PlayStation Magazine is not. The latter listed the next life simulation title as one of the incoming games to Sonys...

Free Games with Gold June 2020: “Sine Mora,” “Destroy all Humans” and other Xbox One and Xbox 360 games next month

Microsoft has officially unveiled the rooster of titles included in its Games with Gold for June 2020. Next months free Xbox One and Xbox 360 games include Destroy all Humans, Sine Mora, Shantae and the Pirates Curse, and...

‘GTA 6’ release date is likely happening in 2023

There has been quite a debate among fans and industry insiders about the release date window of GTA 6. Some of them may have gotten it right, as it now appears that the next game will not be launched until 2023. GTA 6...
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