The Traderszone Network

Pope Francis has urged President Vladimir Putin to make a “sincere and great effort” to achieve peace with Ukraine.

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

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A person close to the Japanese government suggested Thursday that Prime Minister Shinzo Abe’s administration was displeased with Gov.

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Just because a currency is from a Group of 10 nation doesn’t mean it will be easy to sell when markets become volatile. Read about the liquidity problem in the $5.3 trillion currency markets.

Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years. South Korea’s central bank also eased, cutting its rate to a record low 1.50 percent to offset the potential impact of an outbreak of Middle East Respiratory Syndrome (MERS). MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent.

A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant’s new streaming service will give record companies another desperately needed boost. Apple Music, unveiled Monday and scheduled to launch at the end of the month, will offer subscribers access to a vast library of songs for $10 a month, but has no free on-demand tier unlike industry leader Spotify and others.

A widening gap in the costs to hedge interest rate risk between platforms based in London and Chicago is generating losses for Wall Street dealers and creating concern about how well this corner of the bond market will respond when the Federal Reserve raises rates.     In the last month, dealers have frequently been forced to pay a costly premium on London’s LCH.Clearnet to offset their risk for facilitating interest rate swaps on smaller rival Chicago Mercantile Exchange on behalf of their clients.

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