Bloomberg With new pipelines unlikely to come online anytime soon, analysts at Royal Bank of Canada (RBC) are floating a new idea to ease Alberta’s crude oil bottlenecks: Give producers a temporary respite from making royalty payments. Suspending the average 5 percent royalty that Alberta’s oil producers pay to the province in the form of cash or barrels of crude ...

Bloomberg China plans to deepen its foreign-exchange markets to encourage both domestic and overseas players to trade and borrow external currencies more onshore, in the latest step towards fostering a global role for its financial system. The China Foreign Exchange Trade System (CFETS), an arm of the central bank, plans to develop swaps involving overseas currencies — such as between ...

Bloomberg Two of China’s top online brokers for trading overseas stocks are preparing to face off in the U.S. market. Tiger Brokers, backed by veteran investor Jim Rogers, is planning a $200 million US initial public offering (IPO) early next year, people with knowledge of the matter said. Futu Securities, a rival backed by tech tycoon Pony Ma’s Tencent Holdings ...