Finance news

• 'In' camp rises in poll as Brexit economy worries grow - Sunday Times

  18-06-2016 23:48 via news.yahoo.com
  
  Support for Britain staying the European Union has grown, restoring a narrow lead for the "In" camp ahead of Thursday's referendum on whether the country should stay in the bloc, an opinion poll published on Saturday showed. The survey, by polling firm YouGov, showed a 44-43 percent lead for "In," the Sunday Times newspaper reported. It said YouGov attributed the bounce to growing concerns among voters about the economic impact of a so-called Brexit rather than the fatal attack on a British lawm
  
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• UK's 'In' camp rises in poll as Brexit economy worries grow: Sunday Times

  18-06-2016 23:37 via news.yahoo.com
  
  Support for Britain staying the European Union has grown, restoring a narrow lead for the "In" camp ahead of Thursday's referendum on whether the country should stay in the bloc, an opinion poll published on Saturday showed. The survey, by polling firm YouGov, showed a 44-43 percent lead for "In," the Sunday Times newspaper reported. It said YouGov attributed the bounce to growing concerns among voters about the economic impact of a so-called Brexit rather than the fatal attack on a British lawm
  
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• Factbox: Potential successors to India's central bank chief Rajan

  18-06-2016 22:26 via news.yahoo.com
  Finance Minister Arun Jaitley said the government would name a successor soon and a senior official told Reuters there were currently seven names on a list of possible candidates. Seen as a close lieutenant to Rajan, Patel headed a committee that introduced landmark changes including a switch to inflation-targeting and adopting consumer prices as the new benchmark instead of wholesale prices. The changes he helped drive are considered to be among the most significant monetary policy reforms sinc
  
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• Britain and Brexit - what the rest of the world says

  18-06-2016 19:23 via news.yahoo.com
  The prospect of Britain voting to leave the European Union in a June 23 referendum has worried many foreign leaders and international bodies, leading to warnings about a loss of British influence and a possible blow to the global economy. Below is a summary of comments: U.S. PRESIDENT BARACK OBAMA Obama told Britain on April 22 that it would go to "the back of the queue" for trade talks with Washington if it left the EU. U.S. Democratic presidential front-runner Hillary Clinton also wants Britai
  
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• IMF fires Brexit warning as Putin cites Cameron EU 'blackmail'

  18-06-2016 17:37 via news.yahoo.com
  
  The IMF has warned Brexit could deal the British economy a "negative and substantial" blow as Vladimir Putin suggested David Cameron was trying to "blackmail" Europe with the EU referendum. Meanwhile The Times newspaper came out Saturday in favour of Britain staying in the European Union, five days ahead of the vote on whether the UK should stay in the bloc or leave. With less than a week until the referendum, the International Monetary Fund warned that a so-called Brexit would harm the British
  
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• Reserve Bank of India governor says will step down in September

  18-06-2016 16:44 via news.yahoo.com
  
  The popular Reserve Bank of India governor Raghuram Rajan will step down when his term ends in September to return to academia, he said in a letter published Saturday, ending intense speculation over his future. Credited with helping to transform India's economy in his three years at the helm, the question of whether Rajan would seek -- and be granted -- a second term as RBI head has been feverishly debated in Indian media. In the letter to colleagues, the former IMF chief economist said he beli
  
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• Brexit would turn UK into minor trading post: French minister

  18-06-2016 13:51 via news.yahoo.com
  Britain would become a minor trading post with no more significance on the world stage than the island of Guernsey if it voted to leave the European Union in a referendum next week, France's economy minister was quoted as saying on Saturday. In an interview with French newspaper Le Monde, Emmanuel Macron said the EU would also have to send "a very firm message and timetable" to Britain if its voters backed quitting the EU, known as Brexit, on Thursday. "In the interests of the EU, we can't leave
  
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• China's Xi highlights Serbia trade as Beijing signs 22 deals

  18-06-2016 13:34 via news.yahoo.com
  
  By Aleksandar Vasovic BELGRADE (Reuters) - China sought to strengthen its economic presence in central and eastern Europe on Saturday by signing 22 agreements on finance and infrastructure with Serbia. The deals, in areas such as currency swaps, renewable energy and highway construction, came during a visit to Serbia by Chinese President Xi Jinping. At a ceremony in Belgrade's Palace of Serbia, Xi said the Balkan country had a significant role to play in this, while Serbian President Tomislav Ni
  
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• Brazil joins Monza on the F1 endangered list

  18-06-2016 12:53 via news.yahoo.com
  
  By Alan Baldwin BAKU (Reuters) - The Brazilian Grand Prix at Sao Paulo's Interlagos circuit could be axed after this season due to the country's economic crisis, Formula One's commercial supremo Bernie Ecclestone said on Saturday. Brazil, home of champions Emerson Fittipaldi, Nelson Piquet and the late Ayrton Senna, has had an unbroken run on the calendar since 1973 with the race held in Rio de Janeiro in 1978 and from 1981 to 1989.
  
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• Countries must do more to help Greece with migrant crisis: U.N. chief

  18-06-2016 12:39 via news.yahoo.com
  
  United Nations Secretary General Ban Ki-moon called on Saturday for countries to do more to help cope with Europe's migrant crisis, saying Greece could not manage on its own. Speaking in Athens before heading to the Greek island of Lesbos, the gateway into Europe for nearly a million people last year, Ban said Greece had shown "remarkable solidarity and compassion" in dealing with the hundreds of thousands of migrants fleeing war, despite its economic hardship. "Greece should not be left alone t
  
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• Namibia's GDP growth quickens to 3.5 pct in Q1 2016

  18-06-2016 11:29 via news.yahoo.com
  WINDHOEK (Reuters) - Namibia's economy grew by 3.5 percent in the first quarter of 2016 compared with a revised 2.9 percent expansion in the final quarter of 2015, data on the statistics agency's website showed on Friday. (Writing by Olivia Kumwenda-Mtambo; Editing by Catherine Evans)
  
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• Motor racing-Brazil joins Monza on the F1 endangered list

  18-06-2016 11:24 via news.yahoo.com
  By Alan Baldwin BAKU, June 18 (Reuters) - The Brazilian Grand Prix at Sao Paulo's Interlagos circuit could be axed after this season due to the country's economic crisis, Formula One's commercial supremo Bernie Ecclestone said on Saturday. Brazil, home of champions Emerson Fittipaldi, Nelson Piquet and the late Ayrton Senna, has had an unbroken run on the calendar since 1973 with the race held in Rio de Janeiro in 1978 and from 1981 to 1989.
  
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• China home prices rise faster in May as smaller cities join rally

  18-06-2016 06:00 via news.yahoo.com
  
  Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest economy, which has been slowing amid weak demand at home and abroad, cooling investment and excess industrial capacity. Average new ho
  
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• U.S. regulator approves IEX as national stock exchange

  18-06-2016 04:23 via news.yahoo.com
  
  The U.S. Securities and Exchange Commission has approved alternative trading group IEX Group Inc's request to launch a new U.S. public stock exchange, in a move likely to intensify arguments over current market structure. IEX, made famous by Michael Lewis' 2014 book "Flash Boys: A Wall Street Revolt," is notable because it would be the only exchange in the United States to include a so-called speed bump - a 350 millionths-of-a-second delay in all incoming and outgoing orders. The SEC approved th
  
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• Heavy trading predicted around Brexit vote

  18-06-2016 03:16 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stock markets could see heavy trading and increased volatility as investors position for next week's referendum on whether Britain remains in the European Union.
  
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• SEC approves IEX as national stock exchange

  18-06-2016 01:46 via news.yahoo.com
  
  The U.S. Securities and Exchange Commission has granted the hotly debated request by alternative trading group IEX Group Inc to launch a new U.S. public stock exchange, a move likely to intensify arguments over current market structure. IEX, made famous by Michael Lewis' 2014 book "Flash Boys: A Wall Street Revolt," is notable because it would be the only exchange in the United States to include a so-called speed bump - a 350 millionths-of-a-second delay in all incoming and outcoming orders. Oth
  
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• Messy Brexit could lead to big hit for UK economy: IMF

  18-06-2016 01:04 via news.yahoo.com
  
  By Andy Bruce LONDON (Reuters) - A vote to exit the European Union in next week's referendum could leave Britain's economy more than 5 percent smaller by 2019 than if it stays in the 28-nation club, the International Monetary Fund said. The IMF, which has previously warned that Britain and the world economy could be hit by a so-called Brexit, on Saturday provided a detailed analysis of how a "Leave" vote would affect the world's fifth-biggest economy. If Britain manages to forge a Norway-style r
  
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