Bank of England Governor Mark Carney and Bill Dudley, President of the Federal Reserve of New York, urged the finance industry to prepare for the transition to new benchmark rates from scandal-ridden Libor. “Libor’s potential cessation after 2021 poses a clear risk to financial stability, and pru…

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Bitcoin (BTC) continues to weaken and is likely to make fresh lows for the year as talk of a US Justice Department probe into illegal practices gathers market momentum.

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The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 91 billion cubic feet for the week ended May 18. Analysts surveyed by S&P Global Platts had forecast a climb of 93 billion cubic feet, which was nearly in line with the average over the last…

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Atlanta Fed President Raphael Bostic, at an event in Dallas, commented on the latest geopolitical development and said that he was surprised by cancel

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Major US equity indices fell sharply during the opening hour of trade on Thursday as investors reacted to the resurfacing geopolitical tensions. The

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Analyst at Danske Bank Aila Mihr believes the cross could slip back to the 24.80 region within a year’s view. Key Quotes “After a temporary spike ba

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BREAKINGhttps://twitter.com/LiveSquawk/status/999655846681473024Fed’s Bostic: Surprised By Cancellation Of Korea Summit, Expects ConsequencesBREAKING1527171614https://twitter.com/LiveSquawk/status/999655991162605568Fed’s Bostic: Comfortable With 3 Rate Hikes Over 2018 – CNBCBREAKING1527171669https:/…

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The US Dollar Index (DXY), which gauges the greenback vs. its main competitors, remains on the defensive and is now meandering in the 93.70/65 band.

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The Federal Reserve needs to raise interest rates about four more times before it reaches an equilibrium level, Dallas Fed President Robert Kaplan said Thursday. Speaking a day after the central bank released minutes from its May meeting, Kaplan said the Fed still has work to do before it can say…

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GBP/JPY continues its 5th day of slide. In Asia, the Guppy was capped at the 147.20 resistance and lost about a 100 pips to reach the 146.10 support.

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Carney And Dudley Urge Markets to Prepare for Libor Change

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