Andrew Stoehr

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Global bond burn from Brexit may now force fiscal response

LONDON (Reuters) - A slump in long-term interest rates since Britons voted to quit the European Union is the clearest financial market verdict on the global impact of ‘Brexit’ - yet another body blow to world growth that may now need a game-changing policy response.<p>A trader works on the floor of …

Brexit Britain: Pound drops to $1.28

This is what a currency crash looks like. The pound has slumped to $1.28, its lowest level in more than three decades.<p>Investors are dumping the pound following Britain's vote to leave the European Union on June 23. The pound has dropped roughly 15% since the referendum day, when it reached …

Financial, political instability in Italy threatens fresh chaos for Europe

ROME (Reuters) - Italy’s bank shares plunged on Tuesday, shaking the financial foundations of the euro zone’s third-largest economy and threatening contagion to other EU nations.<p>Italy Prime Minister Matteo Renzi gestures as he talks during a news conference at Chigi Palace in Rome, Italy June 20, …

Elizabeth II, the Brexit Queen

In October of 1940, when she was still in curls and called Lilibet within the family, Princess Elizabeth made her first national radio broadcast. It was designed to calm the fears of Britain’s children, as London was being pounded by German bombers for fifty-seven consecutive nights. She was …

Britain's upstart banks face a bumpy ride through Brexit fall-out

LONDON (Reuters) - Facing the prospect of their first UK recession, Britain’s small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood.<p>Rain clouds pass over Canary Wharf financial financial district in London, …

Britain plans to cut corporation tax to hold onto business

LONDON (AP) — Britain's Treasury chief plans to cut U.K. corporation tax to less than 15 percent to encourage companies to invest and ease business …

UK left with power vacuum as UKIP leader latest to step down

LONDON (AP) — Britain's Conservative prime minister is stepping down. The Labour Party leader is barely clinging to power. And now the head of the U.K. Independence Party, a key architect of the dramatic vote to leave the European Union, has resigned as well.<p>It has left the country with a power …

European, UK shares snap winning streak, silver surges

LONDON (Reuters) - The post-Brexit recovery across European markets sputtered to a halt on Monday with major equity indices lower and safe-haven demand for precious metals helping the price of silver surge to near a two-year high.<p>Financial and commodities markets in the United States were closed …