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Canada’s election to foil FX traders hunting for volatility

Bloomberg Elections often drive big swings in the foreign-exchange market, with the risk of radical change this year pushing down the Peruvian sol and the Chilean peso. Not so for Canada. There has been little-to-no premium priced into the Canadian dollar — relative to the greenback — due to the last five federal elections, Bipan Rai, the head of foreign-exchange ...

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Shanghai halts key approval on route to offshore listings

Bloomberg Officials in China’s financial capital of Shanghai are closing a route used for decades by companies operating in the technology sector to draw foreign investment. Startups that have recently applied to Shanghai’s National Development and Reform Commission for permission to inject money into affiliated entities incorporated in places like the Cayman Islands are being turned away, according to people ...

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Europe stocks rise as traders weigh Fed taper outlook

Bloomberg European stocks rise with US equity-index futures as investors bet slower hiring in the world’s largest economy may delay a tapering of Federal Reserve stimulus. Aluminum hit a decade high amid political unrest in Guinea. The Stoxx Europe 600 Index inched closer to its record high, led by technology shares. Contracts on the S&P 500 Index rises 0.2% even ...

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