London / AFP The ‘passport’ rights allowing 5,500 British-based financial firms to operate freely across the European single market are at stake, the country’s financial watchdog has revealed in highlighting potential fallout from Brexit. Some 8,000 financial firms based elsewhere in the European Union also do business in Britain via passporting, and their rights are likewise threatened, data from …

  Bloomberg The real strengthened as traders kept close watch on the U.S. Federal Reserve for signs regarding the timing and pace of interest rate hikes that could reduce the appetite for Brazil’s world-beating carry trade. The currency appreciated 0.5 percent to 3.2431 per dollar at 9:31 a.m. in Sao Paulo. One-month implied volatility on the real dropped for the …

  Copenhagen / AFP After a lacklustre recovery from the 2008 financial crisis, Denmark’s central bank has warned that the labour market faces a squeeze as unemployment falls, the population ages and young people shun vocational jobs. At Technical Education Copenhagen, traineeships for another 20 to 30 lorry drivers could probably have been found if only people were interested in …