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three-years

Fed may need more powers to support securities firms during crises: Dudley

May 2, 2016 by · Leave a Comment 

By Lindsay Dunsmuir AMELIA ISLAND, Fla (Reuters) – The U.S. Federal Reserve may need more powers to provide emergency funding to securities firms in times of extreme stress in order to deal with a liquidity crunch, New York Federal Reserve President William Dudley said on Sunday. “Providing these firms with access to the discount window might be worth exploring,” Dudley said in prepared remarks at a financial markets conference in Amelia Island, Florida organized by the Atlanta Fed. The discount window is a credit facility through which…

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Fed may need more powers to support securities firms during crises: Dudley

three-years

ICE may have more time to consider bid for London bourse

May 2, 2016 by · Leave a Comment 

By Sophie Sassard and Huw Jones LONDON (Reuters) – London Stock Exchange Group and Deutsche Boerse may have to delay a vote on their proposed merger until after Britain's EU referendum, handing more time to Intercontinental Exchange to decide whether to make a counter-bid for the British bourse. LSEG had been expected to hold a special shareholder meeting to approve the merger with Deutsche Boerse before Britain votes on June 23 on whether to quit the EU. …

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ICE may have more time to consider bid for London bourse

three-years

Asia’s factories stay sluggish, stimulus lacks traction

May 2, 2016 by · Leave a Comment 

Japanese manufacturing activity shrank in April at the fastest pace in more than three years as deadly earthquakes disrupted production, while output in China and the rest of Asia remained lukewarm at best. “The backdrop remains one of sub-trend growth, inflation that is below target, difficulty …

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Asia’s factories stay sluggish, stimulus lacks traction