Is Britain's economy sliding into recession? The short answer is that no one knows. Uncertainty, however, is no excuse for ducking important decisions and the Bank of England must decide what to do about Brexit next week.
LONDON Shockwaves from Britain's vote to leave the European Union are reverberating through the economy with surveys published on Thursday showing a sharp dive in consumer confidence and a slowdown in the construction sector.
Asian stocks rose for a fourth day, with the regional benchmark index trading near a nine-month high, as investors digested policy decisions from the Federal Reserve and awaited results from a Bank of Japan meeting.
British retailers suffered their sharpest fall in sales in four years after last month's vote to leave the EU, raising doubts about the ability of consumers to stave off a Brexit recession.
LONDON— Standard Chartered STAN 1.04 % PLC tapped International Monetary Fund official Jos� Vi�als to be its next chairman, after searching for more than a year to replace the departing John Peace.