International News

  Bloomberg The campaign for Britain to leave the European Union took a 10 percentage-point lead in a poll published late Friday, less than two weeks before the country votes in a referendum. The survey of 2,000 people by ORB for the Independent newspaper found 55% in favor of a so-called Brexit, up 4 points since a previous poll in ...

  Bloomberg Mario Draghi’s foray into corporate bonds with junk ratings was an “aggressive” effort in monetary stimulus, but it still may not be enough to jump-start the region’s economy, according to Putri Pascualy at Pacific Alternative Asset Management Co. “It was a very aggressive move,” Pascualy, managing director and credit strategist for Paamco, said of the European Central Bank ...

  Bloomberg Mercedes-Benz will start selling a fuel-cell electric version of its GLC sport utility vehicle next year, an effort to broaden the appeal of the technology with the first publicly available battery that can be charged both with hydrogen and at a wall socket. Able to drive about 500 kilometers (310 miles) before recharging, the car is part of ...

  Bloomberg Chancellor of the Exchequer George Osborne hit back at claims he’s scaremongering in his campaign to keep Britain in the European Union, saying “there is a lot to be scared about.” Osborne rejected accusations he had misrepresented Treasury analysis of the consequences of a vote to leave the EU on June 23 and overstated the impact of an ...

  Bloomberg The U.K.’s 10-year government bond yield dropped to a record before an auction of index-linked debt, the final sale before the nation’s referendum on European Union membership. The yield could fall further to 1 percent in the event that the U.K. votes to leave the world’s biggest single market on June 23, according to Daniela Russell, a portfolio ...

  Bloomberg A U.K. vote to leave the European Union could cut gross domestic product of the Netherlands by €10 billion ($11.4 billion) by 2030 due to an increase in the cost of trade, having a “relatively severe effect” on the economy, the Dutch planning agency said. Assuming that trade also fosters innovation, Brexit-related costs could increase another 65 percent, ...

  Bloomberg Pro-EU forces have warned that if Britain votes to exit the union on June 23, the country could lose almost a million jobs. Recruiters say the damage has already begun. “Companies are pushing the pause button,” said Kit Bingham, a partner at executive search firm Odgers Berndtson. An Odgers poll last month found that a quarter of directors ...

  Bloomberg Dong Energy A/S became Europe’s biggest initial public offering this year, with investors lining up to own shares in the Danish utility as it transforms itself into a renewable energy giant. The world’s biggest offshore wind-park operator sold 17.4 percent of its shares at 235 kroner a piece, raising 17.1 billion kroner ($2.6 billion), according to a statement ...

  Bloomberg The European Central Bank bought notes in the region’s corporate bond markets for a second day. Purchases included securities issued by troubled German carmaker Volkswagen AG; Continental AG, Europe’s second-biggest car-parts maker; and French mobile company Orange SA. ECB President Mario Draghi expanded the bond-buying program he started on Wednesday to stimulate the region’s flagging economy. He’s casting ...

  Bloomberg Mario Draghi called on politicians to help the European Central Bank’s bid to restore economic health to the region by accelerating reforms. “There are many understandable political reasons to delay structural reform, but there are few good economic ones,” the ECB president said in a speech in Brussels on Thursday. “The cost of delay is simply too high.” ...