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Five Things You Need to Know to Start Your Day Asian markets look set to come under pressure after U.S. stocks had their worst start to a second quarter since the Great Depression. Tech shares led a tumble in all the main gauges. Fresh presidential criticism of Amazon.com and retaliatory tariffs from China rattled markets as the S&P 500 fell 2.2 ...
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| What Is SOFR? the New US Libor Alternative Major dealers and clearinghouses that guarantee interest rate swap trades are also working to enable swaps based on the new rate. The head of Britain's financial markets regulator said last year that a Libor substitute must be in place for banks to use by the end of 2021, and that Libor must be replaced ...
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