Tuesday, June 28, 2016

The Wealth Builderz Business News Round Up

Welcome to the Wealth Builderz Daily Business News Round Up 

Today June 28 2016

New York Times
Markets resumed their downward march on Monday, despite assurances from Britain's top economic officials and world leaders. Check out our complete coverage of the vote and its aftermath here.
New York Times
Matthias Müller, left, chief executive of Volkswagen, and Hans Dieter Pötsch, the company's chairman. Credit Alexander Koerner/Getty Images.




If it feels you wake up every day to more bad news, spare a thought for the Brits. As the Economist described in its rather scathing report of the current situation in the UK: "Britain is sailing into a storm with no-one at the wheel.
Los Angeles Times
Airbnb Inc. filed a lawsuit against its home city of San Francisco on Monday in an attempt to block new regulation that it said would violate federal protections for Internet companies.
New York Times
HONG KONG - Most Asian stock benchmarks rebounded from early losses Tuesday as investors started shaking off the jitters from Britain's vote to quit the European Union and its messy aftermath.
Wall Street Journal
Britain's vote to leave the European Union has set off a fresh round of currency pressures in the world's largest economies, further complicating efforts by central banks to spur growth.
Business Standard
European stocks extended their losses on Monday with the British pound falling to its lowest level in almost 31 years in the wake of the economic and political uncertainty following Britain's historic vote to leave the European Union.
South China Morning Post
Home developers from Thailand are eyeing customers in mainland China to prop up sales as home demand has stagnated in other major overseas markets like Hong Kong.

New York Times
The Palais des Festivals in Cannes, France, on Friday as the Cannes Lions International Festival of Creativity was being held. Credit Jean Christophe Magnenet/Agence France-Presse - Getty Images.
Local 10
HONG KONG (CNNMoney) - After two days of Brexit bludgeoning, European stocks clawed back some lost ground early Tuesday. Benchmark indexes in London, Paris and Frankfurt all rose more than 2% in morning trading.

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