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Draft Brexit deal ends UK's easy access to EU financial markets

Thursday, November 15, 2018, 7:25 AM

The UK and the EU have agreed a deal that will give London's vast financial centre only a basic level of access to the bloc's markets after Brexit. The agreement will be based on the EU's existing system of financial market access known as equivalence a watered-down relationship that officials in Brussels have said all along is the best arrangement that Britain can expect.
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Warren Buffett picks up more stakes in JPMorgan, PNC

Thursday, November 15, 2018, 7:24 AM

Warren Buffett's Berkshire Hathaway Inc. is betting big on banks. The company added stakes in JPMorgan Chase & Co. and PNC Financial Services Group Inc. and boosted several-other-investments in financial-institutions. The JPMorgan stake deepens the ties between two-companies. Todd Combs, one of Buffett's top deputies, is already on the bank's board, and Berkshire has teamed up with JPMorgan and Amazon.com for a healthcare venture.
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Uber posts $1 billion loss as growth in bookings slows

Thursday, November 15, 2018, 7:22 AM

Uber Technologies Inc said that growth in bookings for its ride-hailing and delivery services rose 6% in the latest-quarter, third-quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindles.

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