Tiff Macklem Is Leading Candidate to Succeed Mark Carney

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Tiff Macklem, Senior Deputy Governor of the Bank of Canada is considered to be the main candidate to succeed Mark Carney, current head of Canadian central bank, as the latter was appointed as a head of the Bank of England. Carney will take the office in July, more than 1.5 year before the end of his seven-year term, and will be the first foreigner to rule U.K central bank.
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Wed, 28 Nov 2012 09:19:18 GMT

Yen rises as Asian stocks drop on fiscal cliff deadlock

The Japanese Yen strengthened versus its major counterparts as Asian stocks fell and U.S. officials struggle to reach agreement on the U.S. budget, boosting demand for haven assets. The Yen reached 81.72 per U.S. Dollar, the highest level since November 21, before trading at 81.82. The Euro fell 0.6% to 105.71 yen and has dropped 1.1% this week. 

Tue, 27 Nov 2012 18:52:13 GMT

German stocks climb on Greece's optimism

German stocks advanced on Tuesday, boosted by long-awaited decision to release the next tranche of Greek bailout. Moreover, positive data from the US supported German blue chips. The DAX Index rose 0.29% and is currently trading at 7,312.91. Six out of nine sectors within the index moved higher. Health care and financial sectors were the top-performers. Fresenius SE and Fresenius

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