Goldman sees post-Brexit UK recession; cuts EU, U.S. growth views
(Reuters) – Britain is likely to enter a recession within the year as a result of last week’s vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs’ top economists said on Sunday.
Panama opens canal extension amid growth risks, cost battle
PANAMA CITY (Reuters) – Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.
IMF’s Lagarde: markets got ‘Brexit’ vote wrong, but did not panic
(Reuters) – Financial markets “vastly underestimated” the outcome of Britain’s vote to leave the European Union but did not panic on Friday, International Monetary Fund Managing Director Christine Lagarde said on Sunday.
Wall Street futures lower on Brexit concerns
NEW YORK (Reuters) – U.S. stock index futures eased slightly in early trading on Sunday after Britain’s vote to leave the European Union sparked a sharp sell-off in global markets on Friday, wiping out over $2 trillion from world equities.
EU plans moving bank regulator from London as euro zone eyes City business
BRUSSELS (Reuters) – The EU is preparing to move its European Banking Authority from London following Britain’s vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator.
Wall Street eyes low rates, earnings after Brexit rout
(Reuters) – With markets reeling after Britain’s vote to leave the European Union, some on Wall Street expect cooler heads to prevail over the next several sessions as investors focus domestically on the outlook for the U.S. economy and company earning…
Many U.S. firms playing catchup after surprise EU exit vote
NEW YORK/CHICAGO (Reuters) – The risk that Britain could yank itself out of the European Union had been telegraphed for over a year, but even U.S. companies with “Brexit” contingency plans have said they were shocked it is now on track to become realit…
Post-Brexit global equity loss of over $2 trillion worst ever: S&P
NEW YORK (Reuters) – The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor’s Dow Jones Indices.
UK’s Osborne to make Brexit statement before markets open on Monday
LONDON (Reuters) – British finance minister George Osborne will seek to reassure financial markets on Monday following the country’s decision to leave the European Union last week, setting out the government’s economic response to the vote in a stateme…
Goldman shares could rise 30 percent in next year: Barron’s
NEW YORK (Reuters) – Goldman Sachs Group shares could rise as much as 30 percent over the next year if the U.S. bank buys back stock and cuts costs, according to a report in Barron’s.
