Business


Too early to assess Brexit impact on euro zone says ECB

Markets have been "resilient" since June 23, Mr Draghi said, and the recovery in the eurozone is proceeding at a "steady and moderate pace". The ECB president was speaking after it opted to leave interest rates unchanged in its first meeting since the United Kingdom voted to leave the European Union on 23 June - a result that sparked a slump in the pound and a rollercoaster ride for shares.


BBC radio: Bank of Japan's Kuroda rules out

BBC radio: Bank of Japan's Kuroda rules out "helicopter money"

In broader terms, the dollar is trading around its strongest since March against a basket of currencies, driven in the past week by a reheating of expectations for another rise in US interest rates before the end of the year. The euro held steady against the greenback in a choppy session after the European Central Bank opted to keep its record-low interest rates on hold, as expected.


Draymond Green:

Draymond Green: "Being me has gotten me this far"

During Golden State's historic 73-9 regular season, the forward averaged 14 points, 9.5 rebounds, and 1.4 blocks per game playing alongside back-to-back league Most Valuable Player Stephen Curry and three-point threat Klay Thompson. Green immediately regretted his actions, according to a police report that noted while Green was being walked to a patrol auto, Green said "some excited utterances, indicating that he was sorry for slapping the subject".


US move to seize assets piles pressure on Malaysian PM

US move to seize assets piles pressure on Malaysian PM

While Najib was not named, he was directly implicated in the complaints and must be accountable, Lim said. Authorities are expected to file lawsuits in the United States as soon as Wednesday morning the report said, adding the assets are expected to include properties and other assets purchased with money allegedly misappropriated from 1MDB.



S'pore authorities seize S$120m belonging to Jho Low and family

Singapore prosecutors have also seized $177m (£134m) in assets linked to 1MDB, half of which belong to a Malaysian financier facing numerous fraud allegations. In May, the MAS withdrew the status of Swiss BSI Bank as a merchant bank for serious breaches of anti money laundering requirements. Prosecutors also said that money from 1MDB had been used to fund Hollywood film The Wolf of Wall Street, which was produced by a company founded by Riza Aziz, the stepson of Malaysian Prime Minister ...



Why the RBA could cut interest rates in August

In May policymakers voted to lower the overnight rate by 25 basis points to a new all-time low of 1.75%. Benign price pressures are widely tipped to push the central bank to slash the cash rate to a new record low of 1.5 per cent in August.