News

  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.” ...

  Bloomberg Brazil kept borrowing costs unchanged as a new central bank president is set to take over the challenge of slowing inflation to target without exacerbating the worst recession in over a century. Policy makers, led by departing bank President AlexandreTombini, on Wednesday voted unanimously to keep the Selic at a near-decade high of 14.25 percent for a seventh ...

  Bloomberg Dell Inc. paid up to sell $3.25 billion of junk bonds that will help finance its takeover of EMC Corp., just as it did last month in a $20 billion offering of investment-grade debt. The computer maker sold the longer part of its offering, $1.625 billion of eight-year bonds, for a yield of 7.125 percent, about 1.31 percentage ...

  Bloomberg The prospect of building an underwater pipeline from Texas to Mexico is making Sempra Energy’s Ienova one of the top-performing stocks south of the border. Infraestructura Energetica Nova SAB, as the unit is formally called, had the second-biggest gain on the Mexican Stock Exchange since announcing plans on May 19 to bid to develop the $2.1 billion project ...

  Bloomberg Chile’s inflation rate was unchanged in May, above the target range, as central bank President Rodrigo Vergara used price-growth to explain the bank’s continued tightening bias in monetary policy as unemployment rises. Prices increased 4.2 percent from the year earlier, the National Institute of Statistics reported on Thursday. In the month, prices gained 0.2 percent, the agency said. ...

  Bloomberg Oil advanced for a fourth day after government data showed U.S. inventories fell a third week and a new wildfire prompted Canadian producers to shut output. Futures gained as much as 0.9 percent in New York, rising from the highest close in 10 months and extending its run of advances to the longest since April 22. Crude stockpiles ...