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World Bank head Kim sees disappointing growth after Brexit

World Bank President Jim Yong Kim said continued uncertainty following the U.K.’s vote to leave the European Union could hurt global growth. “We actually thought the U.S. was solid, the eurozone seemed to be getting better, even Japan seemed to be doing a little bit better,” Kim said Sunday on ...

Jul 25, 2016

Yahoo selling internet assets for $4.8 billion to Verizon

Yahoo agreed to sell its core assets to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday. Verizon chief executive Lowell McAdam said Yahoo would be integrated into its recently acquired ...

| Jul 25, 2016

Tokyo Stocks lose further ground

Stocks erased early gains and closed lower on the Tokyo Stock Exchange Monday, affected by continued profit-taking and selling on a recent rally and a halt to the yen’s easing in the afternoon. The 225-issue Nikkei average lost 6.96 points, or 0.04 percent, to ...

Group of 20 hopes for close partnership between Britain, EU

Jul 24, 2016

Group of 20 hopes for close partnership between Britain, EU

The Group of 20 finance chiefs vowed Sunday to use “all policy tools” to pursue growth as Britain’s decision last month to leave the European Union adds to the uncertainty in the global economy amid terrorism and other challenges. Finance ministers and central bank ...