The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors across currency markets.
The British currency plunged on Thursday and is set for its second biggest drop this year as opposition mounted at Prime Minister Theresa May’s draft deal for leaving the European Union with a series of resignations.
Sterling tumbled and the rest of Europe’s share markets groaned on Thursday, after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just 12 hours after it had been unveiled.
The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors.
The euro strengthened on Thursday as investors cautiously welcomed Britain’s draft Brexit deal with the European Union and concerns about the Italian budget stand-off eased.
Switzerland’s competition watchdog WEKO said it had searched offices of Swiss financial companies including Credit Suisse and UBS as it probes a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.
The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, but gains were capped by concerns over whether that plan will win parliamentary approval.
American Airlines Group Inc said on Wednesday it was “unaware” of some functions of an anti-stall system on Boeing Co’s 737 MAX until last week.
Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply.
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company.
The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gains.
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company.
Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal.
Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California’s deadliest wildfire.
Several prominent investors raised their stakes in General Electric Co in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wednesday.
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