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Brexit drama is the big issue for UK stocks

London: Uncertainty over Brexit remains the big shadow hanging over the outlook for UK equities in the second half of the year with some fund managers seeing opportunities to buy cheap stocks, while others urge caution.

Aviva overhauls UK business, to cut 1,800 jobs globally

LONDON: British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive.

Behind the bond rally: a strong dollar

Some investors are buying U.S. Treasurys without hedging against the risk of a decline in the dollar

Enigma of Weidmann looms over race to succeed Draghi at ECB

Frankfurt: European leaders wondering whether Jens Weidmann (pic) should replace Mario Draghi at the European Central Bank (ECB) have two competing views of the Bundesbank chief to choose from.

Investors lose a major justification for holding tobacco stocks

London: It wasn’t so long ago that the stellar performance of tobacco stocks such as British American Tobacco Plc and Philip Morris International Inc was enough justification for asset managers to hold onto their investments, despite a broader push toward socially responsible investing.