BoE's Carney says shift to fully-transaction based reference rates for financial contracts was "necessary and, over time, would happen"
Says libor controls now much tighter, but libor use to underpin $350 trillion of contracts "not desirable"
- Canadian union leader says three NAFTA nations are still far away from resolving the most complex issues
- Swiss Producer and Import Price Index fell 0.2% in March
- OPEC Sec-Gen says oil inventories in February below 50 mln barrels above 5-year-average, decline trend to continue in coming months
- Earnings Season in U.S.: Major Reports of the Week