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DTCC leads effort to move CDS payments, record keeping to blockchain by 2018.

German output rises, French business confidence improves.

German output rises, French business confidence improves.

Almost 30 percent of last year's losses were insured, while the uninsured losses remained substantial at 70 percent.

Almost 30 percent of last year's losses were insured, while the uninsured losses remained substantial at 70 percent.

Powell also calls for more monitoring of financial risks.