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Obama dives into Brexit debate on London trip

  London / AFP US President Barack Obama will be thrust into the eye of a boisterous British debate over European Union membership when he touches down in London on Thursday for a royal-filled visit. The US president’s four-day trip—perhaps his last to Britain before leaving office next year—comes ahead of a June 23 referendum when Britons will be asked ...

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Australia’s Commonwealth Bank puts leash on foreign mortgages

  Bloomberg Commonwealth Bank of Australia, the country’s largest mortgage lender, has tightened criteria for home loans to foreigners just as the central bank warned buying by Chinese posed an ‘indirect risk’. Commonwealth Bank, which accounts for one in every four mortgages in the country, will no longer approve applications that cite self-employed foreign income, it said in a note ...

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Slow quarter means ‘challenging’ year: Commerzbank CEO

  Bloomberg Commerzbank AG Chief Executive Officer Martin Blessing said a “slow” first quarter will make it more difficult to achieve last year’s profit, just a month after the bank projected an increase in full-year earnings. “The result for the first three months is likely to be lower than in the previous quarter,” Blessing, 52, told shareholders at the annual ...

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