Business News - The Last 24 Hours

Brexit crisis tops off rough stretch in Obama's push for legacy
Reuters - 1 hour 59 min ago
SEATTLE (Reuters) - The financial and political fallout from Britain's vote to leave the European Union has added to a string of setbacks for President Barack Obama as he works to burnish his legacy before his presidency ends in January 2017.
RELATED:
BBC - EU referendum: Cartoonist Gerald Scarfe sketches Brexit - 2 hours 24 min ago
Reuters - France wants quick British divorce from EU, Germany cautious - 6 hours 17 min ago
AP - British brace for economic repercussions of EU exit decision - 9 hours 37 min ago
New York Times - How Britain’s Breakup With the E.U. Could Reshape World Markets - 16 hours 48 min ago
China Daily - Global stocks plunge as Britain votes for EU exit - 21 hours 37 min ago
COMMENTARY:
Seeking Alpha - The Brexit Edition (Podcast) - 1 hour 34 min ago
BusinessInsider - Three ways the Brexit vote affects you - 3 hours 40 min ago
Der Spiegel - Brexit in Berlin: Merkel Sizes Up the Next EU Crisis - 4 hours 11 min ago
24/7 Wall St. - Oil Rig Count Fell by 7 Last Week, Hedge Funds Bet Wrong on Brexit - 4 hours 45 min ago
Zero Hedge - The Real Brexit "Catastrophe": World's 400 Richest People Lose $127 Billion - 4 hours 45 min ago
The Guardian - Brexit likely to raise cost of clothing and food, warns Next boss - 6 hours 16 min ago
Naked Capitalism - Brexit: Pulling the Signal Out of the Noise - 7 hours 19 min ago
WSJ Blogs - Brexit Fall-Out: Week Ahead in the European Union June 27- July 2 - 7 hours 37 min ago
Zacks - What are Investors Saying About Brexit? - 19 hours 19 min ago
Time Business - Here’s What Brexit Means For the Tech Industry - 20 hours 59 min ago
Morningstar - Knock-On Effects Bigger Than Brexit for Capital-Markets Firms - 21 hours 48 min ago
VIDEO:
Reuters Video - Brexit chill for Spain's expat Brits - 12 hours 26 min ago
MarketWatch Video - Dow Plunges as Brexit Vote Stokes Market Jitters - 18 hours 25 min ago
WSJ Video - Dow Plunges as Brexit Vote Stokes Market Jitters - 18 hours 25 min ago
CNN Video - Investors panic after Brexit vote - 19 hours 13 min ago



Fourth China-South Asia Expo concluded
China Daily - 3 hours 37 min ago
Dancers performance at the booth of Tailand during the fourth China-South Asia Expo in Kunming, capital of southwest China's Yunnan province, June 12. [Photo/VCG] KUNMING - The fourth China-South Asia Expo concluded in Kunming, capital of southwest China's Yunnan province, on Friday. Th ...
RELATED:
China Daily - China encourages local cooperation with Central and Eastern Europe - 3 hours 37 min ago



Chinese, Russian central banks sign MOU
China Daily - 4 hours 37 min ago
BEIJING - The People's Bank of China (PBOC), the country's central bank, signed a memorandum of understanding (MOU) with its Russian counterpart on Friday. The two sides promised to strengthen cooperation in information exchanges and personnel training as well as against money laundering. Under th ...
RELATED:
China Daily - China to prioritize price stability: central bank governor - 10 hours 7 min ago



China's home price growth moderates in May
China Daily - 4 hours 37 min ago
Potential homebuyers examine a property project model in Yichang, Hubei province, June 4, 2016.[Photo/VCG] BEIJING - China's property sector continued to recover but on a slower pace in May, with fewer cities reporting month-on-month rises in new home prices, an official survey showed Sat ...
COMMENTARY:
Seeking Alpha - U.S. Home Prices Are Hitting Peak Bubble Territory - 22 hours 42 min ago



Behind the support for Brexit and Trump: Economic resentment
AP - 5 hours 7 min ago
WASHINGTON (AP) -- The United Kingdom's stunning vote to leave the European Union was driven by much of the same sentiment that fueled Donald Trump's insurgent march toward the Republican presidential nod: A rejection of economic globalization and the elites who favor it by those wh ...



Why do what credit rating agencies say matter?
BBC - 5 hours 30 min ago
Moody's, one of the big three credit ratings agencies, downgrades its outlook for the UK's economy from "stable" to negative".



Bottom Line Nation | Part 1: When You Dial 911 and Wall Street Answers
New York Times - 5 hours 46 min ago
Since the 2008 financial crisis, private equity firms have increasingly taken over public services like emergency care and firefighting, often with dire effects.
RELATED:
Reuters - Wall Street eyes low rates, earnings after Brexit rout - 9 hours 24 min ago
COMMENTARY:
BusinessInsider - Here's how much the top Wall Street banks have earned in fees this year - 4 hours 5 min ago



CMB's London branch seen as UK springboard
China Daily - 12 hours 37 min ago
A branch of China Merchants Bank in Jinan, capital of East China's Shandong province, Feb 20, 2016. [Photo/IC] Bank sees significant market-driven demand to serve Chinese investment internationally China Merchants Bank Co became the first of the country's joint-stock commercial ...
RELATED:
BBC - UK's new destiny - 18 hours 2 min ago
COMMENTARY:
TechCrunch - What UK startups make of the shock Brexit vote - 21 hours 6 min ago



Two airlines restore business with major online travel agency Qunar
China Daily - 12 hours 37 min ago
Chinese firm Qunar listed on Nasdaq in New York in November 2013. [Photo/China Daily USA] China Eastern Airlines Corp Ltd and Air China Ltd have restarted doing business with online travel agency Qunar Cayman Islands Ltd after months of closure. An informal alliance to boycott Q ...



Depth of Hong Kong's retail gloom revealed in heavy decline of stocks
China Daily - 12 hours 37 min ago
A view of Queen's Road Central, Hong Kong, in this file photo taken on Oct 18, 2004. [Photo/VCG] For a telling measure of just how tough Hong Kong retailers now have it, take a look at Sa Sa International Holdings Ltd. Shares of the city's biggest cosmetics seller are down 70 p ...



Watchdog tightens scrutiny on IPOs
China Daily - 14 hours 7 min ago
People visit the headquarters of the China Securities Regulatory Commission (CSRC) in Beijing, China, Sept 20 2015. [Photo/IC] China's top securities regulator tightened the scrutiny on initial public offerings, vowing on Friday to eliminate any unqualified new share issues by compani ...
COMMENTARY:
Seeking Alpha - U.S. IPO Week Ahead: Two Biotechs, One Device Maker And One Health Care REIT - 1 hour 21 min ago
TechCrunch - Why a Palantir IPO might not be far off - 18 hours 54 min ago



Exclusive: Google, Facebook quietly move toward automatic blocking of extremist videos
Reuters - 17 hours 5 min ago
SAN FRANCISCO/WASHINGTON (Reuters) - Some of the web’s biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people familiar with the process.
COMMENTARY:
BusinessInsider - Google and Facebook are using automation to remove extremist content - 2 hours 48 min ago
VIDEO:
WSJ Video - Facebook Will Train Employees to Spot Political Bias - 19 hours 20 min ago



Deal Professor: Hearing Shows Little Is Known on Who Controls Viacom
New York Times - 18 hours 43 min ago
A routine hearing showed just how little is known about the dual-class stock structure at National Amusements.



Confidence in business sector rises
China Daily - 21 hours 37 min ago
Confidence in China's business sector and its ability to contribute to economic growth has risens in the second quarter, according to a People's Bank of China survey released on Friday. The bank's confidence index, an indicator of the expectation for economic growth in the near future, was 43.7 perc ...



Lenovo to fund HK start-ups
China Daily - 21 hours 37 min ago
The shadow of an attendee sits on a podium wall during a Lenovo Group Ltd news conference in Hong Kong, China, May 26, 2016. [Photo/VCG] A Chinese multinational computer hardware and electronics company has launched an accelerator program in Hong Kong, aiming to provide finance, technol ...



China has $5.6 trillion productivity opportunity by 2030: McKinsey
China Daily - 21 hours 37 min ago
China's GDP (gross domestic product) could add $5.6 trillion more by 2030, and its household income could rise by $5.1 trillion if the country successfully becomes a productivity-led economy instead of the current model of using investment to spur growth, according to a McKinsey & Co study. The ne ...



Stock markets tumble after Leave vote
BBC - 23 hours 54 min ago
The FTSE 100 has closed almost 200 points lower after a wild day of trading in the wake of the UK's Brexit vote.
COMMENTARY:
Seeking Alpha - Sowing The Seeds Of The Next Stock Market Crash: The Failure Of QE, Decoupling Equities, Economic Vulnerability, And Escalating Risks - 18 hours 59 min ago
Zacks - What Game of Thrones Can Teach You About the Stock Market - 20 hours 39 min ago



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