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BMW, Peugeot wary of clouded future if UK votes for ‘Leave’

Bloomberg A British vote to exit the European Union stands to cloud the future of carmakers in the U.K., as auto executives warned of higher prices and potential trade disruptions. “I’d find it very regrettable,” said Harald Krueger, chief executive officer of BMW AG, the parent company of the Mini and Rolls-Royce car brands, said in a briefing at the ...

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Swiss economy grows most in a year

ZURICH / Bloomberg The Swiss economy returned to growth at the end of last year as it fought off the impact of a currency shock that had threatened to push the country into a recession. Gross domestic product rose 0.4 percent in the three months through December, after contracting 0.1 percent in the prior quarter, the State Secretariat for Economic ...

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‘Leave’ vote puts European firms at risk

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 ...

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