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"The U.K.’s decision to leave the European Union is likely to deepen an investment drought in North Sea oil and gas. While the collapse in sterling after the referendum may help the industry by reducing some fixed costs paid in pounds such as salaries, it also wiped 6 percent off oil prices. If investment continues on its current trajectory -- a 79 percent decline by 2020 according to Wood Mackenzie Ltd. -- North Sea production will start to decline toward the end of this decade and the U.K. gove", www.bloomberg.com
"That SoMa unit you had your eye on may still be available. San Francisco-area condominium sales volume fell 18.2 percent in April from a year earlier, data from S&P/Case-Shiller showed Tuesday. Sales in the California city peaked at a more than 120 percent annual gain in March 2014.", www.bloomberg.com
"German Chancellor Angela Merkel warned the U.K. to have no illusions about life outside the European Union, hardening her stance ahead of Prime Minister David Cameron’s first meeting with fellow EU leaders since triggering the political earthquake that’s shaken the bloc’s foundations.", www.bloomberg.com
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