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Cameron, Corbyn push for Remain as Citi sounds alarm

  Bloomberg U.K. Prime Minister David Cameron and opposition Labour Party leader Jeremy Corbyn returned to the front line to make the case for staying in the European Union as the anti-Brexit campaign attempted to maintain momentum three weeks out from Britain’s referendum. The pound dropped earlier this week as successive polls showed a swing in favor of “Leave,” suggesting ...

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Pound struggles to rally as risk of Brexit seen creeping higher

  Bloomberg Rallies in the pound are proving tough to sustain as recent opinion polls puncture investor confidence that the U.K. will choose to remain in the European Union in the June 23 referendum. Sterling rose versus the dollar on Thursday after dropping the previous two days as surveys released this week signaled the ‘Leave’ camp pulling ahead of the ...

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FedEx close to wrapping up $4.4 bn TNT buyout

  Netherlands / AFP US delivery giant FedEx now owns over 98 percent of Dutch rival TNT, the two companies announced on Thursday as they move to complete a key $4.4 billion tie-up after winning EU approval. The deal unveiled in April 2015 came two years after the European Commission, the European Union’s powerful executive arm, had torpedoed a bid ...

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