Fed’s Lockhart and Williams Say June Is a ‘Live’ Meeting
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Fed’s Lockhart and Williams Say June Is a ‘Live’ Meeting – WSJ (subscription)
Two regional Federal Reserve bank presidents said Tuesday that the US central bank could raise short-term interest rates at its meeting next month, despite low market expectations for such a move and uncertainty surrounding the referendum on the UK’s membership in the European Union.
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When the Going Gets Tough, the Tough Go Electronic
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When the Going Gets Tough, the Tough Go Electronic – Profit & Loss
For several years now, it has only taken the most cursory of looks at any broking or trading firm’s results to understand which way the market is going. The release of Icap’s full year results to the end of March 2016 has reiterated the point further. The markets are going electronic.
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Icap Takes Nex Step
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Icap Takes Nex Step – Profit & Loss
The waiting is over. Icap has announced the name by which it will be known once the sale of its hybrid voice broking business to Tulltett Prebon is completed.
EBS Restructuring?
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EBS Restructuring? – Profit & Loss
Less than a year after EBS BrokerTec announced a new management structure, it appears to be in the process of retooling.
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Brazil’s Dilma Rousseff to face impeachment trial
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Brazil’s Dilma Rousseff to face impeachment trial – BBC
Brazil’s President Dilma Rousseff is to face trial after the Senate voted to impeach and suspend her.
Russian Gang Suspected of Scam in ICE market
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Russian Gang Suspected of Scam in ICE market – FT (subscription)
Intercontinental Exchange’s London futures market has been used as a front for Russian organised crime, according to police who have made two arrests for suspected money-laundering.
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Japan’s Aso Repeats Explicit Threat of Yen Selling
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Japan’s Aso Repeats Explicit Threat of Yen-Selling Intervention – Reuters
Japan will intervene in the currency market if “one-sided” yen rises last long enough to hurt its economy, Finance Minister Taro Aso said, issuing the strongest threat of action since the yen started its rapid ascent in the past few weeks.
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Oil Rises as Canadian Fires Eclipse Saudi Oil Minister Reshuffle
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Oil Rises as Canadian Fires Eclipse Saudi Oil Minister Reshuffle – Bloomberg
Crude rose as expanding Canadian wildfires knocked out about 1 million barrels a day of production, outweighing the new Saudi Arabian oil minister’s pledge to maintain the country’s policy of near-record output.
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RBA Lowers Inflation Forecasts, Ready to Cut Rates Again
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RBA Lowers Inflation Forecasts, Ready to Cut Rates Again – Sydney Morning Herald
The Reserve Bank has reiterated its commitment to its inflation target, suggesting it will not shy away from further rate cuts if price and wage growth remains sluggish.
RBA Deputy Governor Philip Lowe to Replace Glenn Stevens
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RBA Deputy Governor Philip Lowe to Replace Glenn Stevens – Bloomberg
Philip Lowe will replace Glenn Stevens as governor of the Reserve Bank of Australia for a seven-year term on Sept 18, Treasurer Scott Morrison said in a statement.