Bloomberg The euro-area is shaking off the divorce. Economic confidence in the 19-nation region unexpectedly rose this month, indicating the immediate impact of Britain’s vote to leave the European Union may be muted. The same may not be true in the U.K. itself, where the European Commission’s sentiment index plunged to a three-year low and two separate reports showed ...

  Madrid / AFP Spain’s heavily indebted telecoms giant Telefonica Thursday reported a plunge in profits on adverse exchange rates but maintained its objectives for the year. It posted net profits of 693 million euros ($770 million) in the second quarter, down 54.5 percent, below the figure of 743 million predicted analysts polled by Factset. The group was hit by ...

  Bloomberg Royal Bank of Canada ousted Toronto-Dominion Bank from the top spot in a J.D. Power consumer banking satisfaction ranking for the first time, ending a decade-long winning streak for the country’s second-largest lender by assets. Royal Bank captured the highest grade among Canada’s five biggest banks with 765 points on a 1,000-point scale, according to a study released ...