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Central Banks

Libyan rivals set for crunch Paris talks to break political deadlock

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PARIS Libyan rivals will meet on Tuesday in Paris to agree on a political roadmap that aims to resolve disputed issues to pave the way for U.N.-backed elections this year.

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ECB resolve to end bond buys this year remains firm - sources 25 May 2018

FRANKFURT Sluggish growth has not weakened the European Central Bank's resolve to end a bond-buying scheme later this year but could make it more cautious about signalling interest rate hikes, conversations with four sources close to the matter indicate.

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Australia's bank note printers heed wage call - and strike 25 May 2018

SYDNEY Australia has stopped printing bank notes for the first time in a century after workers employed by the Reserve Bank of Australia (RBA) took a lead from the bank's governor and went on strike for a bigger wage rise.

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Bank of England could return to stimulus if needed after Brexit - Carney 24 May 2018

LONDON The Bank of England could pump more stimulus into Britain's economy if this year's Brexit negotiations result in a bad deal, BoE governor Mark Carney said on Thursday.

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Fed and Bank of England tell markets to step up shift from Libor 24 May 2018

LONDON The U.S. Federal Reserve and Bank of England on Thursday urged global financial markets to step up efforts to shift from the scandal-plagued Libor reference rate to alternative interest rate benchmarks.

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ECB sees 'clouds', potential for further slowdown 24 May 2018

FRANKFURT/BRUSSELS The euro zone economy continues to motor ahead but a more pronounced slowdown is possible and political uncertainty in places like Italy could undermine confidence, European Central Bank policymakers said on Thursday.

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Further moderation in euro zone growth possible: ECB minutes 24 May 2018

FRANKFURT Euro zone growth could slow further and uncertainty is on the rise but the bloc's expansion remains solid and broad-based, European Central Bank policymakers concluded in April, the minutes of the meeting showed on Thursday.

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Former Malaysia government used central bank, sovereign fund deals for 1MDB dues - sources 24 May 2018

KUALA LUMPUR The government of former Malaysian Prime Minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Malaysia Development Berhad (1MDB), sources with knowledge of the matter told Reuters.

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Fed and Bank of England tell markets to step up shift from Libor 24 May 2018

LONDON The U.S. Federal Reserve and Bank of England on Thursday urged global financial markets to step up efforts to shift from the scandal-plagued Libor reference rate to alternative interest rate benchmarks.

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Fed's Dudley urges quick shift from scandal-hit Libor rate 24 May 2018

World financial markets must continue to quickly and safely shift from the scandal-plagued Libor reference rate to alternatives including a U.S. option that was born just last month, a Federal Reserve official leading the transition said on Thursday.