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Divisive $13bn potash plan to test BHP chairman

Bloomberg BHP Billiton Ltd.’s plan to enter the potash market with a contentious $13 billion project in Canada is adding to challenges facing the incoming chairman of the world biggest mining company. Ken MacKenzie, a 53-year-old board member who takes up the role in September, currently is on a global tour to meet investors in the wake of an activist ...

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Hedge funds see MiFID win in EU warning to trading platforms

Bloomberg Hedge funds and high-speed traders have been fighting for years to level the playing field with banks on derivatives trading. They just won a round in Europe. The European Securities and Markets Authority said earlier this month that trading platforms should ensure access to a broad array of firms and warned against discriminatory policies that would favor some traders ...

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Americans lured off job sidelines may limit pay gains

Bloomberg The US labor market was robust enough last month to draw more Americans off the sidelines and into the workforce. The same trend may also be keeping wage gains subdued. While payrolls grew by more than analysts forecast and the unemployment rate barely ticked up from a 16-year low, worker pay rose a less-than-expected 2.5 percent in June from ...

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