Beijing / Bloomberg China’s record daily output in April bodes ill for an embattled global steel industry already reeling from a deluge of exports from the world’s top producer. Crude steel output over the month rose 0.5 percent to 69.42 million metric tons from a year earlier, the National Bureau of Statistics said. The gains came after mills ramped ...

  Bloomberg Britain’s biggest business lobby cut its growth forecasts for the U.K. economy and said the referendum on European Union membership has put a “dark cloud of uncertainty” over the outlook. The warning on Monday from the Confederation of British Industry follows an intense week of back and forth between both sides of the debate before the June 23 ...

  Bloomberg While the International Monetary Fund has warned that Britain quitting the European Union would be a risk to global financial stability, one of the asset classes most vulnerable to the shock isn’t hearing the alarms, according to Allianz Global Investor’s sterling fund manager. Peripheral euro-area government bonds are underpricing the risks of a Brexit, said Mike Riddell, the ...