US Close to Passing Test for June Rate Rise
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US Close to Passing Test for June Rate Rise, Fed Official Says – FT (subscription)
The US is on the verge of meeting most of the economic conditions the Federal Reserve has set to increase interest rates next month, according to a member of the rate-setting Federal Open Market Committee.
FXPA Supports Buy Side View of FX Derivatives
The Foreign Exchange Professionals Association (FXPA) submitted written comments in response to the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC) meeting held to look at how well the derivatives markets are functioning.
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Market Impact of Brexit Is Key Concern for G-7 Finance Chiefs
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Market Impact of Brexit Is Key Concern for G-7 Finance Chiefs – Bloomberg
The risk of Britain exiting the European Union is a key concern for Group of Seven finance chiefs amid fears a vote to leave the EU in just over a month could roil international markets.
EgyptAir Jet Disappears Over Mediterranean Sea
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EgyptAir Jet Disappears Over Mediterranean Sea – Sky News
A search is under way for an EgyptAir flight from Paris to Cairo which has disappeared with 56 passengers and 10 crew on board – including one British national.
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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