Brexit mess boosts prospects of Asia central bank easings
SINGAPORE (Reuters) – Britain’s vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy, as a prolonged period of uncertainty threatens a wider downshift in trade and investment.
Pessimism among UK businesses almost doubles after EU vote: survey
LONDON (Reuters) – Confidence among British businesses fell sharply following the vote to leave the European Union, a survey showed on Tuesday, reinforcing the view that the economy could be in for hard times after the historic decision.
Detroit’s Big Three report higher Canadian sales
MONTREAL (Reuters) – Detroit’s Big Three automakers on Monday reported higher Canadian sales for June and for the first half of 2016, on an annual basis, with forecasters expecting another record-breaking year.
Oil eases as weak demand tempers bullish Saudi energy minister comments
LONDON/CALGARY (Reuters) – Global oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were tempered by slowing demand in Asia, pockets of gasoline oversupply and signs crude outp…
Emirates chief sees scant benefit from EU-level aviation deals
BRUSSELS (Reuters) – The chief of Dubai-based airline Emirates [EMIRA.UL] expressed doubts on Monday that an EU-level aviation agreement with the United Arab Emirates would improve on the existing deals the Gulf country has with most EU countries.
Exclusive: Banks saw unprecedented step up in market supervision around UK vote
LONDON (Reuters) – Central banks raised oversight of currency markets to an unprecedented degree around Britain’s shock vote to leave the European Union, demanding detailed updates from major trading desks every six hours throughout last week, industry…
European, UK shares snap winning streak, silver surges
LONDON (Reuters) – The post-Brexit recovery across European markets sputtered to a halt on Monday with major equity indices lower and safe-haven demand for precious metals helping the price of silver surge to near a two-year high.
IKEA pushes for quality as shoppers get choosier
ALMHULT, Sweden (Reuters) – Budget furniture giant IKEA is stepping up efforts to improve the quality of its products and to streamline manufacturing to pare costs, aiming to meet changing shopper expectations and take on new competition.
Poland closer to clinching $5 billion missile deal with Raytheon: minister
WARSAW (Reuters) – Poland has made significant progress in its talks with U.S. defense firm Raytheon over a $5-billion missile defense system, Polish Defence Minister Antoni Macierewicz said on Monday.
Global investment banks have slowest first half since 2012
LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed.
