Rolls-Royce said currency movements will provide less of a boost to its performance this year than previously forecast though the British engine maker is yet to take into account the slump in the British currency after the U.K.’s decision to leave the EU.
Fallout from Britain’s vote to break with the European Union cascaded through the boardrooms of the U.K.’s biggest businesses Monday—triggering profit warnings and forcing executives across Europe to rethink investment and hiring plans.
Britain’s vote to leave the European Union casts a shadow over the global economy. How deep a shadow depends on how the rest of the world responds, which will be driven by politics, not economics, Greg Ip writes.
A heavyweight debate in Portugal featuring Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney has been canceled in the wake of Britain’s historic decision to exit the European Union.