Brexit a knockout punch to Fed’s interest rate divergence mantra
WASHINGTON (Reuters) – Britain’s shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to intern…
World stocks tumble as Britain votes for EU exit
NEW YORK (Reuters) – Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government b…
SEC accuses Breitling CEO, others, of $80 million fraud
(Reuters) – The U.S. Securities and Exchange Commission on Friday charged Breitling Energy Corp, its chief executive and seven other people with defrauding investors out of around $80 million by misleading them about the value of oil and gas assets.
‘Safe haven’ U.S. tobacco stocks light up amid Brexit gloom
(Reuters) – Shares of the biggest U.S. tobacco companies were up on Friday as investors viewed them as safe investments amid a sharp slump in U.S. stocks after Britain voted to leave the European Union.
Gundlach: DoubleLine sold its European equities late Thursday
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday his firm sold all of its European equities holdings before the market closed on Thursday, following a strong rally in global stocks.
U.S. business spending weak in May, Brexit seen adding more pressure
WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods unexpectedly fell in May as demand declined broadly, indicating business spending will remain a drag on economic growth in the second quarter.
Morgan Stanley denies has begun moving 2,000 staff out of London
LONDON (Reuters) – Morgan Stanley denied it had begun moving 2,000 investment banking staff out of London, rejecting earlier media reports following Britain’s historic vote to leave the European Union.
After Brexit, Canada’s Bombardier still committed to British operations
TORONTO (Reuters) – Canadian plane and train manufacturer Bombardier Inc said on Friday it was committed to its operations in Britain, but it was too early to speculate on the impact of the country’s vote to leave the European Union.
U.S. jobs, UK vote prompted rate-hike delay for Fed’s George: MNI
(Reuters) – A poor U.S. jobs report and uncertainty over the UK referendum on European Union membership convinced a hawkish Federal Reserve official to change tack and back the decision earlier this month to hold off on an interest rate hike, according…
SEC continues to closely monitor markets after Brexit: Chair White
WASHINGTON (Reuters) – The top U.S. securities regulator is keeping a close eye on the markets in light of Britain’s vote to leave the European Union, its chair said in a statement on Friday.
