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PARIS / Bloomberg The consequences of a “leave” vote in the U.K.’s June 23 referendum on its European Union membership may spread beyond Britain’s shores, according to Societe Generale SA. While the U.K.’s assets will depreciate should the nation vote to sever a more-than-40-year-alliance with the continent, its close links to the rest of the bloc’s financial entities also leave ...

WARSAW / Bloomberg Poland’s new rulers have outraged their biggest benefactors, stifled opponents and threatened foreign investors — all while keeping their supporters happy with promises of unprecedented largesse. Welcome to the country’s latest post-communist incarnation: The right-wing Law & Justice party is moving at breakneck speed to upend the status quo with the European Union and impose a new ...

NEW YORK / Bloomberg Ford Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co. led automakers as the U.S. posted the best February sales since 2000, with buyers taking advantage of cheap gasoline, low interest rates and Presidents Day deals. The results bolstered prospects that the U.S. could see another record year for vehicle sales, a bright spot in ...

Bloomberg Bank of Nova Scotia would consider acquisitions to further expand operations in Latin America, Chief Executive Officer Brian Porter said. Just don’t expect anything in Brazil or Argentina. “We’ve got a small business in Brazil and we’re fine with that, thank you,” Porter said on Tuesday in an interview on Bloomberg TV Canada. “And Argentina, we have no desire ...

Bloomberg Facebook Inc.’s international expansion has been challenged by application shutdowns, regulatory blocks and protests. On Tuesday, the Brazilian government tried another tactic: detaining an executive. Brazil’s federal police took an executive into custody for failing to cooperate with judicial orders related to information on the company’s website in an investigation of drug trafficking. A judge in Sergipe ordered the ...

Bloomberg The real gained along with emerging-market currencies worldwide as commodities advanced, offsetting concern that Brazil’s economy continues to worsen while an ever growing corruption scandal gets closer to former President Luiz Inacio Lula da Silva. The real rose 2.1 percent to 3.9341 per dollar in Sao Paulo. A Bloomberg gauge of 20 developing-nation currencies gained for a second day ...

BLOOMBERG It’s long been common practice for Americans to head north for bargains whenever the Canadian dollar falls meaningfully below the greenback. During the current slump, they’re doing so from the comfort of their homes by shopping online from small-time Canadian merchants. The Canadian dollar — the loonie — has fallen about 18 percent against its U.S. counterpart over the ...

ALKESH SHARMA / Emirates Business Credit cards could be alluring but at the same they could also land you in soup if not used wisely. UAE is known globally for the wide circulation of plastic money and penchant of its residents of using credit cards. A recent report stated over 50 percent of UAE residents prefers using credit card mechanism ...

RITIKA SHARMA / Emirates Business Cross-border partnerships, workforce localisation, inclusion of women in aerospace and future of unmanned aircraft systems — are a few topics to be discussed at the Global Aerospace Summit, which are bound to make it a unique experience. The much-awaited biennial aviation event to be held at ADNEC in Abu Dhabi is expected to put an ...

Moscow / AFP Russia’s flagship carrier Aeroflot said it had reduced its loses in 2015, as the country’s airlines continue to grapple with the fallout of Russia’s economic crisis. The majority state-controlled company registered a net loss of 6.5 billion rubles ($88 million, 80 million euros) down from some 17 billion rubles in 2014 and ahead of analyst predictions. “The ...