TransCanada formally seeks NAFTA damages in Keystone XL rejection
TORONTO (Reuters) – TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday.
Exclusive: Google, Facebook quietly move toward automatic blocking of extremist videos
SAN FRANCISCO/WASHINGTON (Reuters) – Some of the web’s biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people familiar with the process.
China-backed AIIB seeks cooperation and new members
BEIJING (Reuters) – The Asian Infrastructure Investment Bank (AIIB) stressed its independence from China at its first annual meeting on Saturday, saying it plans to cooperate with other development banks and add new members, including Hong Kong.
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…
Brexit baffled punters, pundits and fund managers to the very end
BOSTON (Reuters) – Nearly everyone, from London gamblers to U.S. money managers got it wrong. Britain’s vote to leave the European Union shocked pundits, investors and politicians alike, underscoring the inherent difficulty of forecasting such rare eve…
Ratings agency Moody’s says Britain at risk of credit downgrade
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.
Citigroup resolves ‘technical issue’ that left accounts frozen
(Reuters) – Citigroup Inc said on Friday it resolved a technical issue that had left customers unable to access their accounts remotely.
Worst day in 10 months as Wall Street reacts to ‘Brexit’
NEW YORK (Reuters) – The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain’s decision to leave the European Union caught traders wrong-footed.
Law firms see short-term opportunity, long-term peril in Brexit
New York (Reuters) – As the reality of Britain’s vote to exit the European Union sank in on Friday, international law firms began sending out emails, warning actual and potential clients of issues that could arise due to “Brexit.” Some set up 24-hour …
Sterling pares losses after hitting 31-year low on Brexit
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 statements from central banks.
