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Bank of Canada seeks ‘new thinking’ with outsider at rate table

  Bloomberg The Bank of Canada (BOC) wants to reinvigorate its interest-rate setting process, bringing an outside voice to the table next month amid a broader effort to bolster its credibility. HEC Montréal economics professor Nicolas Vincent will become the first “non-executive” member of the central bank’s six-person governing council ahead of its March 8 decision. He is set to ...

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Stocks, futures fall with bonds on hawkish bets, oil advances

  Bloomberg Stocks fell with US futures and Treasuries extended a selloff as investors bet monetary policy will be more hawkish than previously expected. Oil rose after Russia said it will cut output. Tech and health-care sectors were among the worst performers in European equities, while the region’s bonds also fell. Adidas AG slumped as it warned of losses after ...

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Adani stocks decline as MSCI action raises concern over outflows

Bloomberg Adani group stocks were mostly lower on Friday after a review by MSCI Inc. spurred concern about passive outflows from shares already reeling from the rout triggered by US short seller Hindenburg Research’s scathing report. Seven of the conglomerate’s 10 stocks were lower in Mumbai after the global index provider cut the amount of shares it considers freely tradable ...

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