european

London bankers face Brexit choice: lobby or leave

By Sinead Cruise and Lawrence White LONDON (Reuters) – A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave. Some investment banks, anxious not to stir speculation of an exodus from the historic City of London and its modern counterpart at Canary Wharf, have given out “business as usual” messages since last week's shock referendum result. The alternative for banks and …

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London bankers face Brexit choice: lobby or leave

european

European factories bounce as Asia struggles, but Brexit poses threats

LONDON/SYDNEY (Reuters) – Factories across Europe enjoyed a buoyant month in June but that growth could be under threat after Britons voted to leave the European Union last week, surveys conducted almost entirely before the historic referendum showed. Highlighting another worrying trend for the global economy, China's vast factory sector flatlined as exports shrank and jobs were cut, in a slowdown across …

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European factories bounce as Asia struggles, but Brexit poses threats

european

Japan eyes help for small business in stimulus plan after Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain's shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Japanese policymakers also said financial markets are starting to calm down after the Brexit vote last week, but repeated that they want…

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Japan eyes help for small business in stimulus plan after Brexit

european

U.S.-UK alliance seen outweighing Brexit trade concerns

The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries' close diplomatic and military ties. President Barack Obama had warned ahead of Thursday's “Brexit” referendum that Britain would move to the back of the queue on U.S. trade priorities if it voted to leave the bloc, well behind…

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U.S.-UK alliance seen outweighing Brexit trade concerns

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UK’s Osborne says taxes will rise, spending will be cut after Brexit

LONDON (Reuters) – Finance minister George Osborne said on Tuesday that Britain would have to raise taxes and cut spending to deal with the economic challenge posed after Britons voted to leave the European Union.

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UK’s Osborne says taxes will rise, spending will be cut after Brexit

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Ratings agency Moody’s says Britain at risk of credit downgrade

By David Milliken LONDON (Reuters) – Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and …

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Ratings agency Moody’s says Britain at risk of credit downgrade

european

Sterling pares losses after hitting 31-year low on Brexit

By Sam Forgione NEW YORK (Reuters) – Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring

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Sterling pares losses after hitting 31-year low on Brexit

european

U.S. new home sales drop from eight-year high

New U.S. single-family home sales fell in May from a more than eight-year high amid weakness in three regions, but the overall housing market remains intact. The Commerce Department said on Thursday new home sales dropped 6.0 percent to a seasonally adjusted annual rate of 551,000 units. Economists polled by Reuters had forecast new home sales, which account for about 9.1 percent

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U.S. new home sales drop from eight-year high

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Merrill Lynch to pay $415 million for misusing customer cash: SEC

An SEC investigation found that Merrill Lynch violated the an SEC rule in place for protecting customers' assets by misusing customer cash that should have been deposited in a reserve account, the agency said. The maneuver freed up billions of dollars per week from 2009 to 2012 that Merrill Lynch used to finance its own trading activities, the SEC said. The case is the largest customer protection settlement in SEC history, Andrew Ceresney, direction of the SEC's Division of Enforcement, said in a call with reporters.

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Merrill Lynch to pay $415 million for misusing customer cash: SEC

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Behind Tesla carnage, signs of support for Musk’s SolarCity deal

“It’s a natural evolution of their mission to transform transportation into a sustainable business,” said Joe Dennison, a portfolio manager of Zevenbergen Capital Investments, which has about 600,000 Tesla shares, or about 0.4 percent of shares outstanding.

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Behind Tesla carnage, signs of support for Musk’s SolarCity deal

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