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BoE has right fix for faulty gilt-market plumbing

By Liam ProudThe Bank of England is pressing ahead with plans to limit hedge-fund leverage in a key funding market, the FT reported. So-called minimum repo haircuts of, say, 2% may reduce liquidity in normal times. But it would be worth it to reduce the odds of a disorderly crisis-era unwind.Full…

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Bonds
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Fed's Daly says US policy 'slightly restrictive,' next step uncertain

San Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but that with "exceedingly strong" investment growth in AI-related technology and a stable labor market it's unclear what the Fed's next step should be."I think there's a scenario…

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Economy
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France fines Tagor 'shadow fleet' tanker linked to Russian oil €1 million

French authorities on Thursday fined the 'Tagor' tanker, which they intercepted and impounded at the end of May over its role in shipping Russian oil and gas, €1 million ($1.1 million).• The French Ministry of Justice added in a statement that the Tagor was now free to leave French waters, followin…

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Economy
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US to give Tanzania $1.3 bln under five-year health pact

The United States has signed a memorandum of understanding with Tanzania to invest more than $1.3 billion in its health sector over the next five years, the latest in a series of deals that have caused controversy in some African countries.The agreement, signed late on Wednesday, is similar to thos…

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Economy