NEW YORK A federal appeals court on Thursday threw out a $7.25 billion (5.48 billion pounds) antitrust settlement reached by Visa Inc and MasterCard Inc with millions of retailers that accused the card networks of improperly fixing credit and debit card fees.
LONDON Bank of England Governor Mark Carney said the central bank would probably need to pump more stimulus into Britain's economy over the summer after the shock of last week's decision by voters to leave the European Union.
NEW YORK World stocks rose for a third straight day and bond yields hovered near record lows as investors expected additional stimulus measures from central banks in the wake of Britain's vote to leave the European Union and as the Bank of England raised the prospect of bond buying this summer.
Fund manager Fidelity plans to move around 100 jobs from Britain to Dublin as a part of its long-term strategy, a spokesperson said in an email to Reuters.
NEW YORK Oil prices dropped more than 3 percent on Thursday, pressured by returning Nigerian and Canadian crude output from outages and as traders booked profits at the end of the best quarter in seven years.
Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' but raised its outlook to "stable" from "negative" after the United Kingdom voted to leave the bloc.
LONDON Businesses must accept ongoing uncertainty over possible tariffs on Britain's trade with the European Union following the country's vote to leave the bloc, Siemens UK chief executive Juergen Maier said on Thursday.
LONDON Britain's decision to leave the European Union at a referendum last week is a "huge issue" for the country but is not likely to have much impact on the United States, a top U.S. central banker said on Thursday.
Hershey Co said on Thursday it had rejected a $23 billion (17.37 billion pounds) preliminary offer by Mondelez International Inc that would seek to expand the latter's U.S. footprint and create the world's largest confectioner.
NEW YORK The U.S. dollar gained against the sterling and the euro on Thursday, snapping two straight days of losses, after Bank of England Governor Mark Carney said he saw the need for more stimulus and a Bloomberg report hinted at more European Central Bank easing.