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Business - Oracle`s cloud business takes lead in Latin America

By Brad Haynes SAO PAULO (Reuters) - Oracle Corp is selling more cloud-based business software than traditional licensed products in Latin America, executives said on Tuesday, underscoring how remote computing has spurred demand from smaller businesses in new markets. Chief Executive Officer Mark Hurd said the cloud business, which stores enterprise software and data on remote servers, lets Oracle sell to clients without the budget for hardware or qualified staff, which can be tough to find in emerging markets. `One of the benefits of cloud is that you can now offer capabilities to a much broader set of customers,` Hurd said at an event in So Paulo.

Tuesday, June 28, 2016  18:43


World - Europe shares bounce back with first post-Brexit gains

European stocks rose sharply on Tuesday, making their first gains since Britain`s shock vote to quit the EU, and the pound rebounded as investors returned to jittery markets. Trading floors appeared to have put the initial panic of Brexit behind them, with investors snapping up bargains after two days of heavy losses. `It`s been a welcome respite for European equity markets today as investors start to absorb the impact of last week`s seismic miscalculation on the part of investors to the UK EU referendum outcome...` said Michael Hewson, chief market analyst at CMC Markets.

Tuesday, June 28, 2016  17:18


World - Thousands march in latest French labour reform protest

Thousands of people took to the streets of Paris on Tuesday in the latest protest march in a marathon campaign against the French Socialist government`s job market reforms. The march, along with a strike that shut down the Eiffel Tower, came as the French Senate prepared to vote on the hotly contested reforms aimed at reining in unemployment by freeing up the job market. French President Francois Hollande said last week that his government would `go all the way` to enact the reforms, which are seen by critics as too pro-business and a threat to cherished workers` rights.

Tuesday, June 28, 2016  15:01


Business - China`s Li won`t allow `rollercoaster` markets after Brexit

Chinese Premier Li Keqiang said on Tuesday he wouldn`t allow the post-Brexit panic that roiled global currencies and stocks to send the country`s financial markets into a tailspin, an indication authorities would intervene if needed to prevent market chaos. `It`s hard to avoid short-term volatility in China`s capital markets, but we won`t allow rollercoaster rides and drastic changes in the capital markets,` said Li, speaking at the World Economic Forum (WEF) in the city of Tianjin. The assurance came as the post-Brexit turmoil that swept global markets and sent the pound sterling to a three-decade low last week abated.

Tuesday, June 28, 2016  11:05


World - European stocks rally at open

London`s benchmark FTSE 100 index won 2.0 percent to 6,103.82 points, accelerating initial gains, while Frankfurt`s DAX 30 added almost 2.1 percent to 9,458.38 points and the Paris CAC 40 jumped nearly 2.3 percent to 4,074.36. `Today`s rebound is likely just investors searching for the lows,` Spreadex analyst Connor Campbell told AFP. A `dead cat bounce` is a market term referring to a rebound briefly interrupting a prolonged market downturn.

Tuesday, June 28, 2016  08:54


World - Special EU-UK trade deal may be inevitable even if years in making

By Philip Blenkinsop BRUSSELS (Reuters) - With no suitable ready-made deal, the European Union and Britain could face years of negotiations to find a settlement that balances London`s wish to maximize access to EU markets with its demand to regain sovereignty and limit migration. The EU`s off-the-shelf model, the European Economic Area, extending EU markets to Norway, Iceland and Liechtenstein, ticks the box of securing market access, although excludes agriculture and fisheries. The City of London, the country`s financial hub, is in talks with government officials to secure a trade deal similar to Norway`s that would allow it to sell financial services across the EU single market of 27 countries.

Tuesday, June 28, 2016  14:30


World - No EU access for Britain without paying bill: Belgium

By Alastair Macdonald BRUSSELS (Reuters) - Britain`s new leaders should not expect to have access to the European Union`s single market while leaving the bloc and the duties of membership, Belgian Prime Minister Charles Michel said on Tuesday. `It`s true for the European Union, but also true for the leaders in the U.K.` Michel and other EU leaders were being briefed by Prime Minister David Cameron over dinner about how Britain saw the way forward after the vote, which prompted his own resignation. Cameron has left it to his successor, who may not be known until September or October, to activate a two-year timetable for negotiating Britain`s withdrawal.

Tuesday, June 28, 2016  19:14


World - Tear gas, scuffles mar latest Paris anti-labour reforms protest

French police fired tear gas at stone-throwing protesters on Tuesday during the latest march in Paris against the Socialist government`s labour reforms. Hours after the tense march held under tight security, the right-dominated Senate approved its version of the hotly contested legislation aimed at reining in unemployment by freeing up the job market. Minor scuffles were reported during this 11th demonstration against the reforms since a wave of protests began on March 9.

Tuesday, June 28, 2016  18:19


Most Recent - 20 stocks to buy after Brexit chaos

Investors are already sifting through the Brexit market rubble for opportunities. Morgan Stanley compiled a list of highly-rated stocks that have limited or no direct exposure to the situation in the U.K.

Tuesday, June 28, 2016  18:10


World - Canada to lift visa for Mexican visitors

OTTAWA, Ontario (AP) Prime Minister Justin Trudeau says Canada will lift visa requirements for Mexican visitors as of December 2016, while Mexico has agreed to open its markets to Canadian beef.

Tuesday, June 28, 2016  17:46

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