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Brexit fears take toll on German investors’ confidence

  Frankfurt / AFP Investor confidence in Germany fell unexpectedly in May as uncertainty over a possible exit by Britain from the European Union overshadowed strong growth data, a leading survey showed on Tuesday. While official data earlier showed that Europe’s biggest economy grew by 0.7 percent in the first three months —double the growth rate of the preceding quarter — ...

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French oil refinery strikes spread as fuel shortages worsen

  Bloomberg Every oil refinery in France was suffering disruptions or outright shutdowns amid a worsening labor dispute that already caused fuel shortages across the country. All eight of the nation’s refineries were affected by strikes as workers at Exxon Mobil Corp.’s Gravenchon plant in northern France began taking steps to shut down, following similar action by staff at Total ...

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BOE has responsibility to highlight Brexit risk, says Governor Carney

  Bloomberg Bank of England Governor Mark Carney once again defended his obligation to assess economic risks related to Britain’s upcoming referendum on EU membership. The BOE has “a responsibility under our remit to report not just the current trade-off that may hold in terms of returning inflation to target in a sustainable manner, but the risks, the principle risks ...

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