Britain's mixed messages deepen Brexit rifts with EU
By Noah Barkin , Elizabeth Piper and Alastair Macdonald BERLIN/LONDON/BRUSSELS (Reuters) - In the hours before Theresa May stepped to the podium in Birmingham earlier this month to lay out her vision for a "fully independent, sovereign" Britain, she made a discreet round of telephone calls to European leaders. In the speech, May described the Brexit referendum in June as "the biggest vote for change this country has ever known." She promised to trigger divorce proceedings with the European Union by the end of March next year and she rejected the notion that Britain might opt for a deal similar to those of Norway or Switzerland ? two non-EU countries that adhere to the bloc's rules on free movement of people in exchange for privileged access to its lucrative single market.
IMF, US Treasury chiefs visit Gulf amid oil price slowdownOil-rich Gulf countries face further economic strain as crude prices remain low, requiring them to cut back spending and raise money other ways, the heads of the International Monetary Fund and the U.S. ...
Arrieta deals, Cubs awaken, top Indians to even Series at 1
Britain's economy grows after Brexit voteBritain's economy grew more than expected in the third quarter despite uncertainty in the aftermath of the vote to leave the European Union. The Office of National Statistics said Thursday that Britain's ...
Hundreds flee new earthquakes in Italy
Hundreds of people awoke in emergency shelters in Italy on Thursday after fleeing their homes following a series of strong quakes in the same region struck by a devastating tremor two months ago. After a night of heavy rain, rescuers workers were trying to assess the full extent of the latest disaster in central Italy, which toppled buildings and injured dozens. A series of aftershocks rattled the area through the night after two quakes with a magnitude of 5.5 and 6.1 struck on Wednesday evening and sent people fleeing their houses in terror.
Deutsche Bank makes profit, strengthens capital buffers
FRANKFURT, Germany (AP) ? Deutsche Bank, under pressure from an impending settlement with the U.S. Justice Department, reported 278 million euros ($303 million) in net profit for the third quarter as it strengthened its financial buffers against loss.
European shares up as banks reassure, dollar holds near highs
By Vikram Subhedar LONDON (Reuters) - Reassuring results from some of Europe's biggest banks gave financials a boost on Thursday and helped offset weakness in oil-related stocks, while higher bond yields underpinned the dollar. As corporate earnings continued to dominate headlines, growing expectations that the U.S. Federal Reserve will raise interest rates by the end of the year have kept gains in risky assets in check. Markets are now pricing in a 74-percent chance that the U.S. Federal Reserve will raise interest rates at its December meeting, according to CME Group's FedWatch tool, following a series of hawkish comments from Fed policymakers.
Clinton voices concern over AT&T-Time Warner mega-deal
White House hopeful Hillary Clinton said the proposed mega-merger of AT&T and Time Warner "raises questions and concerns" and merits further study. AT&T and Time Warner, home of CNN and HBO, have said the proposed $108.7 billion deal will benefit consumers as they gird for anti-trust challenges from politicians and regulators. "It raises questions and concerns, and they should be looked into," Clinton told reporters Wednesday.
British statistics agency: economy grew 0.5 percent in third quarter despite fears of Brexit slowdownLONDON (AP) ? British statistics agency: economy grew 0.5 percent in third quarter despite fears of Brexit slowdown.
Nokia in Q3 loss, sales drop amid networks downturnHELSINKI (AP) ? Mobile networks operator Nokia continued to be hit by a downturn in the industry, reporting a loss in the third quarter and a 12-percent drop in sales that saw the company's share price plunge 7 percent.