Euro, pound fall to lowest level vs yen since 2013
TOKYO (Reuters) – The British pound and the euro fell to their lowest level since 2013 against the yen on worries a UK referendum later this month could pull Britain out of the European Union, possibly disrupting European political and economic affairs…
‘Abenomics’ doubts drive foreigners off Japanese stocks, volatility spikes
TOKYO (Reuters) – Foreign investors are bailing out of Japanese stocks as a wobbly economy feeds disillusionment about ‘Abenomics’, sparking bouts of volatility in a market increasingly shaken up by policy decisions of the Bank of Japan.
Stock index futures point to lower open
NEW YORK (Reuters) – U.S. stock index futures were lower in early trading, indicating Wall Street may open with losses on Monday, the first trading day after the worst mass shooting in U.S. history.
Exiled tycoon Mallya: India wrong to sequester some assets in graft case
MUMBAI (Reuters) – Exiled tycoon Vijay Mallya said on Sunday that Indian authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines had no legal grounds for sequestering certain assets in a money laundering case.
Elusive S&P record looms as investors weigh data, Fed
NEW YORK (Reuters) – With the S&P 500 again coming close to a record this week before falling back, investors will turn next week to a full slate of economic data and a Federal Reserve meeting in hope of fresh reasons whether to drive stocks to new highs.
China’s yuan trade system to open branches in London, New York
SHANGHAI (Reuters) – China’s state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan’s global status.
China’s HNA Hospitality denies talks with AccorHotels
PARIS (Reuters) – Chinese conglomerate HNA Hospitality group said on Sunday it had not discussed buying shares in French hotel group AccorHotels and had no plans to hold such talks.
Brexit would cause big problems for German banks: German financial watchdog
BERLIN (Reuters) – A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel.
Coming wave of gas puts focus on finding new shores
LONDON (Reuters) – Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry’s rapidly burgeoning supply.
Canada willing to work with Bombardier on share structure: minister
TORONTO (Reuters) – Canada is willing to “find a solution” with Bombardier Inc as the parties consider the company’s dual-class share structure during talks on a $1-billion government fund-infusion, the minister responsible said late on Saturday.
