Canadian Carney to Head the Bank of England
Paul Tucker, whose three-decade career at the Bank of England marked him out as the leading candidate to become the next governor, failed to secure the top post after the Libor scandal undermined his bid.
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Are Emerging-Market Stocks a Smart Bet?
27:21 - Emerging-market equities are heading for a period of calm, according to U.S. traders. The CBOE Emerging Markets ETF Volatility Index is hovering near the lowest level in a year. The projections for narrower price swings, derived from options bets on the biggest exchange-traded fund for developing stocks, come as investors grow increasingly confident that policy makers will be able to shore up global growth amid market turmoil from Turkey to the U.K. Bloomberg's Elena Popina has more on "What'd You Miss?" (Source: Bloomberg)