Wednesday

28th Jun 2017

Ticker

New York, not EU, could benefit from Brexit

If firms fled London after Brexit they would go to New York, not Frankfurt or Paris, Xavier Rolet, the London Stock Exchange chief said in an op-ed in British newspaper The Telegraph. Speaking in the run-up to Brexit negotiations, he claimed only Wall Street had the capacity to handle clearing of the 17 major world currencies. "Very little of that [ex-London] business is likely to go to Europe", he said.

EU fines Google €2.4 bn over online shopping

Brussels says Google has abused a near-monopoly position in online searches to favour its shopping service, but the US company said Brussels cannot prove the charges.

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