Business


Brexit is risk to global growth, says G20

China has demonstrated commitment to moving toward a market-driven exchange rate, said a senior U.S. Treasury official, speaking on the sidelines of a meeting of G20 finance ministers and central bankers in Chengdu on Saturday. UK Chancellor Philip Hammond said that Brexit had come up "a great deal" at the G20. The communique cited "geopolitical conflicts, terrorism, and refugees" as further sources of economic uncertainty.


Nice attacker posed for selfies in truck used to kill 84 people

Nice attacker posed for selfies in truck used to kill 84 people

Thousands gathered in Nice along the Promenade des Anglais, the same walkway that was the setting for Thursday's attack that saw 84 killed. Mr Cazeneuve added that Bouhlel, who allegedly has a history of domestic violence, drug abuse and anger problems, was "an unbalanced and very violent individual".


Gambling groups Rank and 888 in takeover bid for William Hill

Gambling groups Rank and 888 in takeover bid for William Hill

As far as the proposed transaction, both companies have stated that no decision has been made as of yet as to if 888 would be an offer or an offeree company in regards to the steps that will need to be taken for the implementation of the proposed transaction.


US stock indexes inch higher, approach record highs again

US stock indexes inch higher, approach record highs again

RECORDS ON REPEAT: If the day's gains hold, the S&P 500 and Dow will again set record highs. Many doubts are still hanging over the market, including the continued drop for corporate earnings and a US economy that is growing only modestly.


Eurozone markets took Brexit punch well, says Draghi

Eurozone markets took Brexit punch well, says Draghi

There are widespread fears that Britain's vote to leave the European Union will provide a drag on the already fragile recovery of the Eurozone, and it is expected that as a result, the ECB may cut growth forecasts at today's meeting. Central banks were in focus on Thursday after European Central Bank President Mario Draghi discussed the Brexit vote and the parlous state of the European banking industry and the governor of the Bank of Japan ruled out using "helicopter money" in a radio interview.


Telecom, utility stocks lift market

Telecom, utility stocks lift market

Utilities fell 0.5 percent. They helped propel Europe's broad FTSEurofirst 300 index up 0.58% to 1,340 points. "I think it's interesting; a half-a-percent move down feels like a 5% move". The carrier's revenue fell 4% because of the soft global economy, among other factors; Wall Street had forecast a steeper drop. The company reported stronger earnings than analysts expected, but it also lowered its forecast for full-year sales.