(MENAFN - AFP) US and European stocks rose sharply on Tuesday, making their first gains since Britain's unexpected vote to quit the EU, while the pound rebounded as investors returned to jittery markets.
Trading floors appeared to have put the initial panic of Brexit behind them, with investors snapping up bargains after two days of heavy losses.
(MENAFN - AFP) US consumers grew more confident in the economy in June after sentiment sagged in the two prior months but still remained cautious about growth prospects, the Conference Board said Tuesday.
The Conference Board said its consumer confidence index rebounded to 98.0 from 92.4 in May. The index was at the highest level since 99.1 in October.
(MENAFN - AFP) Irish no-frills airline Ryanair will put the brakes on new UK connections for the coming months given the uncertainty caused by the British vote to leave the EU, its CEO said on Tuesday.
"I don't think we'll open up many new lines in the UK for the next twelve or eighteen months, until this current uncertainty is removed," chief executive Michael O'Leary told ...
(MENAFN - AFP) London Mayor Sadiq Khan rejected calls for London to secede from the rest of Britain after a national referendum in favour of leaving the EU but said he wanted a "full seat" at any Brexit negotiations.
Khan also demanded more autonomy from central government, including on public spending, in order to "protect" the British capital's economy.
(MENAFN - AFP) Volkswagen has agreed to a record $15 billion US payout over its emissions-cheating diesel cars, pledging to buy back or fix vehicles that tricked pollution tests, and pay each owner up to $10,000.
The German auto giant agreed in a settlement filed in federal court Tuesday to pay some $14.7 billion to American consumers and US authorities, and announced a separate ...