Britain’s EU exit vote is a ‘wimpy crisis’ for US stocks: Wells chief strategist
Market reaction to Britain’s vote shows it might not be the financial disaster investors had feared, says Jim Paulsen.
UK’s Osborne ‘to abandon 2020 budget surplus target’: Report
U.K. Chancellor George Osborne has abandoned his aim to reach a budget surplus by 2020, according to the BBC.
Baidu—the Google of China—eyes expansion to US, Europe: CEO
Baidu – often dubbed the Google of China – will eventually expand into the U.S. and Europe, the Chinese search giant’s chief executive said on Friday.
Tom Lee: It’s just ‘a matter of time’ until we hit record highs
Stocks will have a terrific second half of the year, the strategist predicts. He makes the case for an 11 percent rally.
Kenya’s Instagram entrepreneurs
A number of start-ups in Kenya are relying solely on social media to get their businesses up and running.
UK yields hit new record lows after Carney hints at more QE
U.K. Gilt yields reached new record lows on Friday, as markets mull whether the Bank of England will reintroduce QE in the wake of the Brexit vote.
EU prolongs economic sanctions on Russia until 2017
The European Union on Friday extended its economic sanctions on Russia until the end of January next year.
Savers and borrowers braced for change amid Brexit fallout
Two speeches made within 24 hours have signalled significant changes ahead for personal finances.
Austrian presidential election must be re-run, court rules
Austria’s presidential run-off election must be held again, the country’s Constitutional Court ruled on Friday.
The uncomfortable truth the BoE faces after Brexit
The BoE has summed up the mood of most market participants who find themselves in a world of negative rates and ultra-aggressive monetary policy.