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BOE says Brexit may weigh on growth as key rate kept at 0.5%

Bloomberg Bank of England officials said the U.K.’s European Union referendum may already be weighing on growth as they kept their key interest rate at a record low. The nine-member Monetary Policy Committee, led by Governor Mark Carney, unanimously agreed to maintain the benchmark at 0.5 percent — where it’s been for more than seven years. In a ramping up ...

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Eurozone inflation rate revised up to zero in March

  London / AP The latest bout of falling prices across the 19-country eurozone has ended — after just a single month. Revised figures on Thursday from the European Union’s statistics agency showed that inflation was flat in the year to March. That’s up from the initial estimate of a 0.1 percent fall and February’s 0.2 percent annual drop. The biggest ...

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Porsche investor suits combined under German ‘Class-Action’ law

Bloomberg Lawsuits filed by hundreds of Porsche SE investors over the company’s use of complex financial instruments in 2008 before its failed takeover of Volkswagen AG will be combined under a special procedure to handle some large civil cases in Germany. A court in Hanover ruled that it will send the cases to appellate judges in the northern city of ...

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