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Economy

Black Brexit Friday as pound plummets and FTSE falls

The pound plummeted and the London FTSE fell in the wake of Britain voting to leave the EU.

United Kingdom

Global markets shaken up as prospect of Brexit becomes more probable

Global markets have been shaken by the prospect of a UK exit from the European Union.

Economy

Fed due to call on interest rate hike

The Federal Reserve is deep in a policy meeting and it is extremely unlikely that an interest rate rise is on the cards.

Economy

Markets fear major turbulence if UK votes 'Leave'

The world's major financial institutions, including Citi and Goldman Sachs, are to call in senior traders to work through the night following the Brexit vote.

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Business Series

Cost cutting Royal Dutch Shell to halt operations in up to 10 countries

Royal Dutch Shell is to end oil and gas operations in up to 10 countries as it further reduces spending after the purchase of BG Group.

Business Series

Bayer 'confident' Monsanto offer will be accepted

Germany's Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash trying to gain the top spot in the fast-consolidating farm supplies industry.

Economy

UK April inflation slips

Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell.

Business Series

Vodafone's underlying earnings rise, losses through Luxembourg tax hit

Mixed full-year results from Vodafone - underlying earnings rose 2.7%, but losses after taxation were 4.02 billion pounds.

Business Series

Twitter 140 character tweet limit to end - report

Twitter won't comment on a Bloomberg report users will soon be able to write longer tweets as it plans to stop including photos and links as part of its 140 character limit.

USA

Facebook triples profits: social media can be addictive to investors, too

Facebook’s latest financial earnings smashed expectations, propelling shares in the social network to a fresh all-time high on Thursday (April 28)

Economy

VW warns of big challenges ahead

Volkswagen says it's confident of solid growth this year despite 'Dieselgate' but admitted the scandal could cost much more than the amount set aside so far and assets might have to be sold.

Business Series

As iPhone sales slide, what is Apple's next big money maker?

Apple has announced its first-ever fall in iPhone sales and first revenue drop in more than a decade causing the share price to fall.

Economy

No interest rate change expected from Federal Reserve policy meeting

Federal Reserve policymakers are expected to leave the cost of borrowing unchanged in the face of disappointing word on durable goods orders and consumer confidence.

Business Series

BP considers more spending cuts after 80 percent profit drop

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

Economy

Bonds are back for Argentina

Argentina is back selling government bonds for the first time in 15 years having settled a long-running legal battle with investors after it defaulted on its debts in 2001.

Economy

Oil prices hover around one-month lows

Oil hovered around one-month lows on Monday, as investors ditched some of their bullish bets on another price rise. This, also amid fading chances

Economy

Alaska Air to buy Virgin America in 2.3 billion euro deal

Alaska Air Group says it has agreed to buy Virgin America for almost 2.3 billion euros. It wants to expand its presence on the US West Coast

Economy

Rosneft is 'coping' with low oil price, makes investment pledge

Despite low oil prices Russian energy giant Rosneft says it is coping and has pledged to invest more to ensure it can honour its long-term supply deals.

Economy

Russian interest rates on hold, inflation outlook uncertain

Russia's central bank has left its main lending rate at 11 percent and signalled that it is not looking at cuts to the cost of borrowing anytime soon as it focuses on keeping inflation under control.

Business Series

London Stock Exchange profit jumps, detailed talks about Deutsche Boerse merger continue

The London Stock Exchange Group has reported a 31 percent jump in profit for 2015 and said detailed discussions are continuing with Germany's Deutsche Boerse about a merger.