David Larrabee, CFA, is director of Member and Corporate Products at CFA Institute and serves as the subject matter expert in portfolio management and equity investments. Previously, he spent two decades in the asset management industry as a portfolio manager and analyst. He holds a BA in economics from Colgate University and an MBA in finance from Fordham University. Topical Expertise:Equity Investments · Portfolio Management
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German executives are more confident about their businesses than at any time in modern history. The widely followed Ifo business confidence index hit a record of 115.1 in June. Deutsche Welle (Germany) (26 Jun.)
British Prime Minister Theresa May should form a proposal for protecting EU citizens' rights after Brexit that has "more ambition, clarity and guarantees," says Michel Barnier, the EU's chief Brexit negotiator. EU officials are particularly concerned that May rejects the view that a European court should resolve any conflict regarding EU citizens' rights. The Guardian (London) (26 Jun.)
Rodrigo Janot, Brazil's highest-ranking federal prosecutor, has accused President Michel Temer of accepting millions of dollars in bribes in a charging document submitted to the Supreme Federal Court. Brazilian law requires the lower house of Congress to authorize prosecution before Temer can be tried. Reuters (26 Jun.)
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