Reuters: Money News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
India clears deal to buy 145 artillery guns from BAE Systems
25 Jun 2016 at 3:17am
NEW DELHI (Reuters) - India's defence procurement agency has cleared a proposal to buy 145 M777 Ultra Lightweight Howitzer artillery guns from BAE Systems in a deal worth an estimated $750 million, a defence ministry source said on Saturday.
Brexit baffled punters, pundits and fund managers to the very end
25 Jun 2016 at 1:51am
BOSTON (Reuters) - Nearly everyone, from London gamblers to U.S. money managers got it wrong. Britain's vote to leave the European Union shocked pundits, investors and politicians alike, underscoring the inherent difficulty of forecasting such rare events.
ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing ...
25 Jun 2016 at 3:01am
PARIS (Reuters) - London's financial centre will lose its prized "EU passport" if Britain fails to secure continued access to the bloc's single market in its exit talks, ECB Governing Council member Francois Villeroy de Galhau said on Saturday.
Worst day in 10 months as Wall Street reacts to 'Brexit'
24 Jun 2016 at 10:01pm
NEW YORK (Reuters) - The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed.
China-backed AIIB seeks cooperation and new members
25 Jun 2016 at 5:04am
BEIJING (Reuters) - The Asian Infrastructure Investment Bank (AIIB) stressed its independence from China at its first annual meeting on Saturday, saying it plans to cooperate with other development banks and add new members, including Hong Kong.
Brexit decision piles pressure on Tata British steelworks
24 Jun 2016 at 10:57am
LONDON (Reuters) - Tata Steel's Port Talbot plant has moved a step closer to closure following Britain's decision to leave the European Union, but buyers remain interested, industry sources said on Friday.
France's Macron wants EU-wide referendum, far-left slams Hollande "nervousness"
25 Jun 2016 at 9:40am
PARIS (Reuters) - France's economy minister said on Saturday that the European Union needs a new road map that should be devised in consultation with voters and then put to a referendum, as Paris sought for ways to handle the fallout at home from the Brexit vote.
Russia secures energy deals, talks security with China as Putin visits
25 Jun 2016 at 10:30am
BEIJING (Reuters) - Russia and China sealed a raft of energy deals during President Vladimir Putin's visit to Beijing on Saturday, strengthening economic ties while pledging to preserve the strategic balance of power among nations.
Gold races to 2-year high as investors seek refuge from Brexit
24 Jun 2016 at 8:22pm
LONDON/NEW YORK (Reuters) - Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, sending investors scurrying for protection in bullion and other assets perceived as lower risk.
Brexit more heartburn than heart attack for hedge funds
24 Jun 2016 at 11:18pm
NEW YORK/BOSTON (Reuters) - UK voters' surprise decision to leave the European Union roiled markets on Friday, but hedge funds appear to have avoided crippling losses, according to market data and people familiar with fund performance.