Investors flee U.S. stock funds before Brexit vote: Lipper
NEW YORK (Reuters) – U.S. fund investors pulled out of riskier markets over the last week, data from Lipper showed on Thursday, as they braced for a British vote on its European Union membership even as stocks rallied.
Traders weigh chance of Fed cutting U.S. rates after Brexit
NEW YORK (Reuters) – U.S. short-term interest rates futures rose to contract highs in early U.S. trading on Friday after Britons voted to leave the European Union, spurring traders to expect the Federal Reserve may cut interest rates to help shield the…
Trading briefly halted for Nikkei futures as circuit breaker kicks in
TOKYO (Reuters) – Trading was briefly halted for Japan’s Nikkei futures on Friday as global equity markets plunged on fears that Britain would leave the European Union.
Fed’s Kaplan more patient on rate hikes, watching UK vote
NEW YORK (Reuters) – A top Federal Reserve policymaker said on Thursday he is not advocating for interest rate hikes at this point and instead wants to “show more patience” waiting for the U.S. economy to show clearer signs of improvement.
U.S. banks flex capital muscle in annual stress test
(Reuters) – Big U.S. banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes doomsday scenarios to keep them on their toes.
VW to pay over $10 billion for U.S. emissions scandal
WASHINGTON (Reuters) – Volkswagen AG will pay more than $10 billion to settle claims by nearly 500,000 owners stemming from its U.S. diesel emissions cheating scandal and fund efforts to offset pollution, three sources briefed on the agreement said on…
Fiat Chrysler accused of concealing defect in Jeep Grand Cherokee
LOS ANGELES (Reuters) – Jeep Grand Cherokee owners on Thursday filed suit in California against Fiat Chrysler , accusing the automaker of concealing a shifter design defect linked to driverless rollaway accidents, including this week’s death of “Star T…
Southwest Airlines to postpone delivery of 67 Boeing jets
(Reuters) – Southwest Airlines Co will push back the delivery of 67 Boeing Co 737 MAX 8 aircraft by up to six years, delaying $1.9 billion of spending, the airline said Thursday.
Dodd, Frank blast ruling that MetLife not too big to fail
(Reuters) – A federal court’s striking down of the government’s designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said.
Yen sags as polling puts Bremain slightly ahead, sterling jumps
SYDNEY (Reuters) – Sterling surged early in Asia on Friday while the safe-haven yen fell broadly on growing confidence that Britain will stay in the European Union after polling stations across the United Kingdom closed.
