Pound slides as Bank of England’s Broadbent opposes interest rate rise – business live

3.34am EDT03:34 Pound hits eight-month low against the euro We have bad news for any Brits heading over the channel this summer holidays. The pound has hit its lowest level against the euro since November 2016, following Ben Broadbent’s dovish comments. Sterling...

There’s a strange accounting trick behind one of China’s largest property deals ever

Major Chinese conglomerate Dalian Wanda is selling a bunch of its theme parks and hotels for $9.3 billion to Sunac, a Chinese property developer. That is projected to be the one of the largest Chinese real estate deals ever, and it features an interesting quirk: Wanda...

LeEco-backed Faraday Future moves SUV production as work halts on Las Vegas plant

TAIPEI (Reuters) – Startup Faraday Future said it would move production of its luxury electric SUV to a new location, from a planned $1 billion Las Vegas factory where construction has ground to a halt amid financial woes of key investor Chinese entrepreneur Jia...