Tuesday 28 June 2016

Brexit baffled punters, fund managers to the very end

Nearly everyone, from London gamblers to US money managers got it wrong. Britain's vote to leave the European Union shocked pundits, investors and politicians alike, underscoring the inherent difficulty of forecasting such rare events. On PredictIt, an online political events


From Edinburgh to Gibraltar, Brexit vote sparks new claims

Within hours of Britons voting to leave the European Union, politicians in Scotland, Ireland and Spain raced on Friday to argue that the historic move bolstered claims over long-disputed parts of British territory.   In a referendum outcome that triggered Prime


World stocks in freefall as UK bids adieu to EU

World stocks headed for one the biggest slumps on record on Friday as a decision by Britain to leave the European Union triggered 8 per cent falls for Europe's biggest bourses and a record plunge for sterling. Such a body blow to global confidence could well prevent the Feder


From trade to migration: how Brexit may hit EU economy

  The European Union's chief concerns over Britain's vote to leave the group are political but losing its second-largest economy will have a huge economic impact as well.   Below are some of the main economic risks and benefits for the


With a British adieu to EU, it's farewell to Fed rate hike

The US Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain's vote on Thursday to leave the European Union.   Not that the Fed needed another reason.   Weaker-than-ex


Saudi may return to oil market balancing role

Saudi Arabia, the world's largest oil exporter, may return to its role of balancing oil supply and demand after the recovery of the global market, the country's energy minister indicated in comments published on Wednesday. "Despite the surplus in global oil productio

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