Tag: Brexit
Another year, another setback for Canada – Scotiabank global economic outlook
Price of WTI is expected to rise to about $55/bbl in 2017, which will provide an additional boost to growth in Canada TORONTO, ON– The United Kingdom’s decision to leave the European Union represents a major economic shock to the UK and Europe, according to Scotiabank’s Economics’ Global Outlook. It will lower business and household […]
Brexit economic and energy implications – Wood Mackenzie
Energy policy unlikely to change, UK has Climate Change Act that governs long-term emissions reductions EDINBURGH/LONDON – The post-Brexit world is likely to include increased economic uncertainty and higher energy import costs, but the structure of the UK energy sector will remain unchanged, according to international consultancy Wood Mackenzie. On June 23, the UK voted […]
Exxon, Caterpillar, Boeing slow spending on heels of Brexit vote
Exxon concerned about loss of free movement of goods, people, capital across borders By Lucia Mutikani and Malathi Nayak WASHINGTON/NEW YORK, June 27 (Reuters) – U.S. business investment, already heading for its worst slowdown since the global financial crisis, could decline further as Britain’s vote to leave the European Union creates more risks for companies, […]
Oil prices plunge as Britain votes to leave EU
Brent crude down 4.5%, WTI down 4.2% By Barani Krishnan and Ahmad Ghaddar NEW YORK/LONDON, June 24 (Reuters) – Gold clocked up its biggest daily gain since the 2008 financial crisis on Friday as Britain’s vote to leave the European Union spread political uncertainty and economic growth concerns, hitting industrial commodities such as oil and copper. The […]
Oil prices up in choppy trade ahead of Britain’s EU vote
Oil up but well off session highs By Barani Krishnan NEW YORK, June 23 (Reuters) – Oil prices rose in volatile trade on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union. Oil prices were also supported […]
Oil prices down again losses pared by U.S. crude drawdown
Oil prices fell for fifth straight day By Barani Krishnan NEW YORK, June 15 (Reuters) – Oil prices fell for a fifth straight day on Wednesday, their longest losing stretch since February, on worries Britain might leave the European Union while the U.S. Federal Reserve signaled plans for two U.S. rate hikes this year despite slower […]
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