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.

Why You Shouldn't Be Afraid of a Fed Rate Hike
45:47 - Russ Koesterich, BlackRock's global chief investment strategist, discusses the outlook for global markets amid the prospects for a Fed rate hike with Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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