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Business

Wall Street drops sharply after Brexit

U.S. stocks have fallen sharply, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union sent a shock wave through global financial markets.

U.S. stocks have fallen sharply, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union sent a shock wave through global financial markets.

News

Sterling hits historic low as Brexit fallout spreads

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

News

European markets brace themselves for more panic

Wall Street kept a lid on the panic – just – after earlier moving deep into the red on Wednesday following an appalling day on European markets

Wall Street kept a lid on the panic – just – after earlier moving deep into the red on Wednesday following an appalling day on European markets

Business

Shares slump as oil prices tumble to new lows

Oil prices at new lows have hit the world's stock markets. A share sell off has investors braced for one of the worst monthly performances ever in January.

Oil prices at new lows have hit the world's stock markets. A share sell off has investors braced for one of the worst monthly performances ever in January.

Business

Chinese economic data sends tremors across stock markets

“Violent New Year fireworks,” is how one analyst summed up events on Wall Street where the Dow fell 450 points having its worst opening day in 84

“Violent New Year fireworks,” is how one analyst summed up events on Wall Street where the Dow fell 450 points having its worst opening day in 84

News

US Fed rate decision boosts confidence as Asian markets rally

Investors have chosen to take the historic hike in US interest rates as a sign of confidence in the world’s largest economy. Asian stock markets

Investors have chosen to take the historic hike in US interest rates as a sign of confidence in the world’s largest economy. Asian stock markets

Business

Mixed results on China's trade sector

Exports not as bad as expected – but imports worse – China’s mixed results have left economists divided over the state of the country’s trade sector

Exports not as bad as expected – but imports worse – China’s mixed results have left economists divided over the state of the country’s trade sector

Business

Trip turns into stumble as European markets slump again

Traders breathed a sigh of relief as business ended in Europe on Tuesday nursing losses all round as the market stumbled by nearly two and three

Traders breathed a sigh of relief as business ended in Europe on Tuesday nursing losses all round as the market stumbled by nearly two and three

Business

Stocks end the week relatively stable after roller-coaster ride

It’s been a truly roller-coaster week on the world’s stock markets. The panic selling that took hold in China and elsewhere earlier in the week

It’s been a truly roller-coaster week on the world’s stock markets. The panic selling that took hold in China and elsewhere earlier in the week

Business

US crude oil prices plunge

Global oversupply, huge stockpiles and refinery shutdowns have led to plunging prices for US crude oil. It tumbled by 3 percent on Thursday and by

Global oversupply, huge stockpiles and refinery shutdowns have led to plunging prices for US crude oil. It tumbled by 3 percent on Thursday and by

Business

Global markets slide amid fears of historic US interest rate rise

Global stocks have spiraled downwards amid lingering concerns over Greece going bankrupt and the prospect of the first rise in US interest rates in

Global stocks have spiraled downwards amid lingering concerns over Greece going bankrupt and the prospect of the first rise in US interest rates in

News

European shares struggle to hold ground as market fears grow

An overnight slump in the Nikkei index in Japan of three percent brought storm clouds to the European markets on Tuesday following a tough Monday

An overnight slump in the Nikkei index in Japan of three percent brought storm clouds to the European markets on Tuesday following a tough Monday

Business

ECB opens new front in war on deflation

The European Central Bank entered the covered bond market for the first time on Monday since its new boss announced an asset purchase

The European Central Bank entered the covered bond market for the first time on Monday since its new boss announced an asset purchase

Business

Increase in European car sales

Car sales in Europe have risen by 4.3 percent in May according to registrations data published on Tuesday. Skoda, Renault and Opel posted stronger

Car sales in Europe have risen by 4.3 percent in May according to registrations data published on Tuesday. Skoda, Renault and Opel posted stronger

News

White diamond breaks record in Hong Kong auction

A diamond the size of a small egg smashed a world record when it went under the auctioneer’s hammer in Hong Kong. The 118-carat white rock from

A diamond the size of a small egg smashed a world record when it went under the auctioneer’s hammer in Hong Kong. The 118-carat white rock from

Business

An economic summer of fear

The financial storms that in recent years gathered over advanced economies seem to have changed course this summer. Emerging markets, especially

The financial storms that in recent years gathered over advanced economies seem to have changed course this summer. Emerging markets, especially

Business

Gold bugs bail out

The price of gold continues to tumble. It is down to its lowest in almost three years and is on course for a record loss in the past three

The price of gold continues to tumble. It is down to its lowest in almost three years and is on course for a record loss in the past three

Business

Don't delay stimulus wind down says BIS

Central banks should not delay the timely withdrawal of the cheap money they have pumped out to calm crises because of fears that would disrupt

Central banks should not delay the timely withdrawal of the cheap money they have pumped out to calm crises because of fears that would disrupt

Business

GKN warning drives down shares

When carmakers suffer, car parts makers also feel the pain and Britain’s GKN saw its shares fall after warning the economic slowdown in Europe would

When carmakers suffer, car parts makers also feel the pain and Britain’s GKN saw its shares fall after warning the economic slowdown in Europe would

Business

No tooth fairy dust for Nobel Biocare profits

Nobel Biocare, the world’s second-largest maker of dental implants paid the price of its profit warning in Zurich on Thursday. The Swiss company’s

Nobel Biocare, the world’s second-largest maker of dental implants paid the price of its profit warning in Zurich on Thursday. The Swiss company’s

Business

AkzoNobel gets the brush-off over poorly paintmaker boss

AkzoNobel, the world’s biggest paint maker, has delayed its restructuring with the company’s CEO Ton Buchner on medical leave due to fatigue

AkzoNobel, the world’s biggest paint maker, has delayed its restructuring with the company’s CEO Ton Buchner on medical leave due to fatigue

Business

Kingfisher's rainy day blues

Results from Britain’s Kingfisher on Wednesday were a reminder that the crisis is far from over. Europe’s biggest home improvement retailer, which

Results from Britain’s Kingfisher on Wednesday were a reminder that the crisis is far from over. Europe’s biggest home improvement retailer, which

Business

Glencore to the max over Xstrata

Glencore, the world’s biggest commodities trader, will not raise its offer for Xstrata any further. On Monday it outlined an improved bid for the

Glencore, the world’s biggest commodities trader, will not raise its offer for Xstrata any further. On Monday it outlined an improved bid for the

Business

Luxury spending set to rise

Sales of luxury goods are set to rise unless there is a major global economic crisis. A report by Boston Consulting Group predicts sales should

Sales of luxury goods are set to rise unless there is a major global economic crisis. A report by Boston Consulting Group predicts sales should

Business

Delivering to Europe a merger to challenge the market

United Parcel Service, the world’s largest package delivery company, has bought Dutch rivals TNT in a bid to dominate the market in Europe. The

United Parcel Service, the world’s largest package delivery company, has bought Dutch rivals TNT in a bid to dominate the market in Europe. The