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Finance news Stories

Anbang plans to convert most of Waldorf Astoria to apartments: WSJ

NEW YORK (Reuters) – China’s Anbang Insurance Group Co [ANBANG.UL] plans to convert as much as three-quarters of the rooms at New York’s landmark Waldorf Astoria hotel into apartments, the Wall Street Journal reported on Sunday, citing people familiar with … Continue reading

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Post-Brexit global equity loss of over $2 trillion worst ever – S&P

By Edward Krudy NEW YORK (Reuters) – The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial … Continue reading

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Wall Street futures lower on Brexit concerns

By Edward Krudy NEW YORK (Reuters) – U.S. stock index futures eased slightly in early trading on Sunday after Britain’s vote to leave the European Union sparked a sharp sell-off in global markets on Friday, wiping out over $2 trillion … Continue reading

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Post-Brexit global equity loss of over $2 trillion worst ever: S&P

By Edward Krudy NEW YORK (Reuters) – The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial … Continue reading

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MIDEAST STOCKS-Egypt underperforms region in a reaction to Brexit

DUBAI, June 26 (Reuters) – Egypt’s stock market plunged on Sunday in response to Britain’s decision to leave the European Union, underperforming other major Middle East markets as investors worried that global instability could further cut capital inflows into Egypt. … Continue reading

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Wall Street eyes low rates, earnings after Brexit rout

By Noel Randewich and Caroline Valetkevitch (Reuters) – With markets reeling after Britain’s vote to leave the European Union, some on Wall Street expect cooler heads to prevail over the next several sessions as investors focus domestically on the outlook … Continue reading

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Worst day in 10 months as Wall Street reacts to 'Brexit'

By Rodrigo Campos 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. In the … Continue reading

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Robo-adviser Betterment suspended trading during Brexit upheaval -WSJ

(Reuters) – Betterment LLC, an automated financial adviser, suspended all trading on Friday morning as Britain’s vote to quit the European Union sent a shock wave through global financial markets, The Wall Street Journal reported. Clients were not aware of … Continue reading

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Russell reconstitution adds to U.S. market's volume, volatility

NEW YORK (Reuters) – FTSE Russell reconfigured its indexes at the close in an annual event that triggered the highest trading volume for any session in almost five years and added to Friday’s high volatility in the U.S. stock market. … Continue reading

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Frankfurt or bust? Wall St. bankers in London ponder life post Brexit

By Olivia Oran, Anjuli Davies and John O’Donnell NEW YORK/LONDON/FRANKFURT (Reuters) – Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the … Continue reading

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