Google’s Schmidt says Brexit vote unlikely to shift investment
PARIS (Reuters) – Google boss Eric Schmidt said on Thursday that Britain’s referendum vote to leave the European Union was unlikely to lead to a shift in the U.S. tech giant’s business activities.
U.S. data offers hope for manufacturing; jobs market steady
WASHINGTON (Reuters) – Factory activity in the U.S. Midwest surged to its highest in almost 1-1/2 years in June amid strong gains in new orders and production, offering a ray of hope for the downtrodden manufacturing sector.
Brexit fuels worries about expected U.S. earnings recovery
NEW YORK/SAN FRANCISCO (Reuters) – Foreign exchange volatility and economic uncertainty after Britain’s vote to leave the European Union have imperiled a projected profit rebound in the United States, where companies have been stuck in an earnings rece…
World stocks poised for worst month since January
LONDON (Reuters) – European stocks and the pound held on to a third day of gains as the immediate market flurry over Britain’s vote to pull out of the European Union settled.
IMF says Deutsche Bank’s global links make it biggest potential risk
FRANKFURT (Reuters) – Deutsche Bank’s links to the world’s largest lenders make it a bigger potential risk to the wider financial system than any other global bank, the International Monetary Fund (IMF) said on Thursday.
In Brexit month, investors dump shares, flee for safety of cash
LONDON (Reuters) – Global investors bought real estate, added to cash holdings and cut equity allocations to the lowest in at least five years as this month’s shock Brexit vote added to an already toxic mix of sluggish world growth and volatile markets…
U.S. funds hold portfolios steady, equities near survey lows: Reuters poll
(Reuters) – U.S. fund managers made no significant changes to their model global portfolio in June, a Reuters poll found on Thursday, even after Britain’s vote to leave the European Union last week sent global financial markets into a frenzy.
Santander, Deutsche Bank: U.S. stress test repeat offenders
New York (Reuters) – U.S. units of Deutsche Bank and Santander suffered the ignominy of failing U.S. stress tests yet again this year, less than a week after Britain’s shocking vote to leave the European Union sent their investors running for cover.
Spanish authorities raid Google offices over tax: source
MADRID (Reuters) – Spanish officials raided Google’s Madrid offices on Thursday in a probe related to its payment of taxes, a person familiar with the matter said, barely a month after the internet company had its headquarters in France searched on sus…
A year into the job, Credit Suisse CEO’s superstar status loses shine
ZURICH (Reuters) – Credit Suisse Chief Executive Tidjane Thiam likes to joke he has a predilection for being under pressure. A year into the job he may have got more than he bargained for.
