Asian Stock Markets Hold Steady After Manchester Bombing
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Equity markets across Asia broadly held steady on Tuesday following overnight gains in the U.S., as investors stayed calm following a deadly explosion in the U.K.
Fed's Evans: Large Clearing Firms Need Access to Central-Bank Safety Net
Chicago Fed President Charles Evans said it is important for large financial-market clearing firms to have access to the safety net that central banks can provide.
'Still a Question Mark' Around Full Employment, Fed's Brainard Says
It's too soon to declare victory on the labor market's recovery from the recession despite recent improvements, Federal Reserve governor Lael Brainard said Monday.
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President Trump is releasing his fiscal 2018 budget on Tuesday, the beginning of what could be a challenging, lengthy battle in Congress.
One-Month Libor Hits 8-Year High
The cost of one-month U.S. dollar loans between banks has risen to its highest level in more than eight years, reflecting an increasing conviction among traders that the Federal Reserve will raise short-term interest rates at its policy meeting next month.
Bundesbank Head Says ECB Needs to Be Ready to Rein In Stimulus
The European Central Bank shouldn't wait too long before withdrawing its large monetary stimulus, German central-bank president Jens Weidmann warned on Monday, wading into a debate over how quickly the ECB should signal a policy shift.
Fed's Kaplan Continues to See Two More Rate Rises This Year
Dallas Fed President Robert Kaplan said in an essay he is still on board with the U.S. central bank raising short-term interest rates around two more times this year.
Bank of Korea Expected to Hold Interest Rates Steady
The Bank of Korea is expected to hold the base rate steady at a record-low 1.25% for a 10th straight meeting Thursday, as its upbeat economic outlook is bolstering the case for tightening policy next year.
'Fiduciary' Rule to Take Effect June 9 With No Further Delay, Labor Secretary Says
The retirement-savings regulation known as the fiduciary rule will take effect June 9 without further delay, Labor Department Secretary Alexander Acosta said Monday.
Federal Reserve Senior Staffer Timothy Clark to Retire
Timothy Clark, a senior Federal Reserve staffer in charge of banking supervision, is retiring in the latest personnel change at the bank regulator.
(END) Dow Jones Newswires
May 23, 2017 01:15 ET (05:15 GMT)