Confidence among German consumers suffered slightly in July as households digested Britain's vote to quit the European Union, a poll found on Wednesday.
Last month's Brexit was "an important reason why uncertainty about future economic developments grew slightly," market research company GfK said in a statement.Full Story
Troubled German giant Deutsche Bank saw net profit tumble in the second quarter to 20 million euros ($22 million), down 98 percent on the previous year's figure, results released on Wednesday showed.
The result, blamed on a "weak" business environment and complex restructuring by chief executive John Cryan, fell well short of the average of 188 million euros expected by analysts surveyed by Factset.Full Story
Britain's vote last month to exit the European Union has raised the danger level for U.S. financial stability, according to U.S. Treasury Department report released Monday.
The U.S. Office of Financial Research said risks to the American economy remained in the "medium" range but had been exacerbated by shock victory of the "leave" campaign in Britain's June 23 referendum on EU membership.Full Story
Britain's vote to leave the EU has had a limited impact on business confidence in Germany, with belief in domestic strength still strong, a key survey showed on Monday.Full Story
Oil prices dipped on Monday, extending last week's losses on fresh worries about a global supply glut as more U.S. rigs come back online and the dollar strengthens.Full Story
Increasingly frequent terrorist attacks are becoming a growing threat to the global economy, finance chiefs from the world's leading economies said Sunday.Full Story
Finance ministers from the world's biggest economies warned of global uncertainty from Britain's looming departure from the European Union, as they gathered in China on Sunday.Full Story
A six percent loss in value of its currency, a plunge on the stock market and a downgrade by a key ratings agency.Full Story
Britain could unleash a government stimulus package this fall to counter the negative effects of its vote to leave the European Union, its finance minister said Sunday.Full Story
The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending.Full Story