German publishers appeal decision in market power case against Google
BERLIN (Reuters) – German publishers have appealed a Berlin court’s rejection of a case in which they accused Google of abusing its market power by refusing to pay them for displaying newspaper articles online, a lawyer for the publishers said on Monda…
Bank shares slide as Brexit turmoil hits world stocks
LONDON (Reuters) – World stocks tumbled and European bank shares were on track for their biggest ever two-day fall on Monday as the political and economic fallout of Britain’s shock vote to leave the European Union drove sterling to a fresh 31-year low…
Texas ‘Frack Master’ bilked investors out of millions, SEC says
NEW YORK (Reuters) – Texas oilman Chris Faulkner built a high-profile public persona, raised millions for his oil and gas ventures and courted politicians. But the SEC has alleged that behind the scenes, he cheated investors out of $80 million to fund …
Leave leaders back Carney, Osborne as UK grapples with Brexit fallout
LONDON (Reuters) – The leaders of the campaign to get Britain out of the European Union sought to ease concerns about the country’s uncertain economic future by giving public backing to Bank of England Governor Mark Carney and finance minister George O…
Japan PM Abe tells finance minister to take needed FX steps post-Brexit vote
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe on Monday instructed Finance Minister Taro Aso to watch currency markets “ever more closely” and take steps if necessary, in the wake of Britain’s historic vote to leave the European Union.
European bank stocks set for worst two-day loss ever in post-Brexit fallout
LONDON (Reuters) – European bank stocks extended post-Brexit losses on Monday putting the sector on track for its worst 2-day drop ever.
George Soros did not bet against sterling just before Brexit vote: spokesman
LONDON (Reuters) – George Soros, the billionaire who earned fame by betting against the pound in 1992, did not speculate against sterling just ahead of Britain’s vote to leave the European Union but he did profit from other bearish bets due to the Brex…
Anbang plans to convert most of Waldorf Astoria to apartments: WSJ
NEW YORK (Reuters) – China’s Anbang Insurance Group Co [ANBANG.UL] plans to convert as much as three-quarters of the rooms at New York’s landmark Waldorf Astoria hotel into apartments, the Wall Street Journal reported on Sunday, citing people familiar …
Brexit adds headwinds to U.S. companies slowing spending
WASHINGTON/NEW YORK (Reuters) – U.S. business investment, already heading for its worst slowdown since the global financial crisis, could decline further as Britain’s vote to leave the European Union creates more risks for companies, economists say.
Starbucks to debut small-lot Indian coffee in U.S. this year
(Reuters) – Starbucks Corp for the first time will sell single-origin, premium coffee from India in the United States as part of its effort to support coffee production in the country better known for its tea.
