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  • Global stocks rise as BoE eyes post-Brexit rates cut

    Bourses in London, Paris and Frankfurt all rose after Bank of England chief Mark Carney said more stimulus would likely be needed to counter a Brexit-induced slowdown of the British economyGlobal stocks mostly rose Thursday as Britain's central bank hinted at fresh monetary stimulus to limit the impact of the country's vote to quit the EU. Bourses in London, Paris and Frankfurt all rose after Bank of England chief Mark Carney said more stimulus would likely be needed to counter a Brexit-induced slowdown of the British economy. Analysts said Wall Street investors have increasing confidence the United States will not feel significant effects from Brexit, even as the resulting political uncertainty in Europe drags on growth in Britain and the European Union.


  • UK stock index above pre-vote level: Crisis over? Not likely

    The governor of the Bank of England Mark Carney gives a press conference, his first since the leave result of the European Union referendum, at the Bank of England in the City of London, Thursday, June 30, 2016. Carney says the uncertainty over Britain's exit from the European Union means the central bank will likely have to provide monetary stimulus this summer. (AP Photo/Matt Dunham, Pool)LONDON (AP) ? Don't be fooled: the rebound in Britain's main stock market to where it was before the vote to leave the European Union does not mean all is now fine for the country's economy.


  • Goldman exec tells Libya fund trial that offering prostitutes 'unacceptable'

    A sign is displayed in the reception of the Sydney offices of Goldman Sachs in AustraliaBy Carolyn Cohn LONDON (Reuters) - A Goldman Sachs executive's alleged arranging of prostitutes for himself and the brother of a decision-maker at Libya's sovereign wealth fund was completely unacceptable behaviour for an employee of the bank, the first witness called by Goldman told a court on Thursday. In a trial at London's High Court, the Libyan Investment Authority (LIA) is attempting to claw back $1.2 billion (906.34 million pounds) from the Wall Street investment bank from nine disputed trades carried out in 2008. Goldman Sachs denies the allegations and says the trades in question "were not difficult to understand".


  • Wall St. rallies for third day as Brexit bruises fade

    New York Stock Exchange trader watches announcement by Fed Chair Janet Yellen in New YorkWall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's $23 billion bid for Hershey. In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer.


  • Wall Street rallies for third day as Brexit bruises fade

    Traders work on the floor of the NYSEIn the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer. "We?re reversing the 'Brexit' as it becomes evident that it was more of a political vote and decision than an economic decision," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.


Quote of the Day

To be successful, the first thing to do is fall in love with your work. - Sister MaryLauretta




Today's Word

sepia

noun: 1. A reddish brown color. 2. A brown pigment originally made from the cuttlefish ink. 3. A drawing made with this pigment. 4. A monochrome photograph in this color. adjective: Of a reddish-brown color.



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