Sterling plunges to 31-year low, biggest ever fall, as UK votes for Brexit
LONDON (Reuters) – UK financial markets braced for one of their most volatile days ever on Friday, with sterling hitting a 31-year low in its biggest fall in history after Britons voted to leave the EU and David Cameron said he would resign as prime mi…
LSE, Deutsche Boerse press on with $30 billion merger after Brexit vote
FRANKFURT (Reuters) – London Stock Exchange Group Plc and Deutsche Boerse vowed on Friday to press ahead with a $30 billion merger despite Britain’s vote to leave the European Union.
Carney: BoE to use extra 250 billion pounds to help markets, consider more action
LONDON (Reuters) – Bank of England Governor Mark Carney said on Friday the central bank was ready to provide 250 billion pounds ($345.93 billion) of additional funds to support financial markets after Britain voted to leave the European Union.
From beer to drugs to cars: Global business laments EU vote
LONDON (Reuters) – Shocked chief executives from Mumbai to Denver woke up on Friday to face tough decisions over how to respond to Britain’s vote to leave the European Union.
Bank of England says will take all necessary steps to ensure stability
LONDON (Reuters) – The Bank of England said on Friday it would take all necessary steps to shield Britain’s economy from the shock decision by voters to pull the country out of the European Union which caused immediate turmoil on financial markets.
Japan signals readiness to intervene as Brexit boosts yen
TOKYO (Reuters) – Japan will respond as needed to “extremely nervous” exchange-rate moves in the wake of Britain’s referendum on leaving the European Union, Finance Minister Taro Aso said on Friday, signaling a readiness to intervene to stem excessive …
UK must seek tariff free EU market access post-Brexit: Aston Martin
PARIS (Reuters) – Aston Martin Chief Executive Andy Palmer warned on Friday that Britain’s exit from the European Union was likely to require additional “productivity and efficiency” gains at the British sportscar maker,
Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011
TOKYO (Reuters) – Japanese stocks suffered their biggest daily fall in more than five years on Friday after Britain voted to leave the European Union, roiling financial markets and raising fears of a shock to the already fragile global economy.
With a British adieu to EU, it’s farewell to a Fed rate hike for now
SAN FRANCISCO (Reuters) – The U.S. Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain’s vote on Thursday to leave the European Union.
Henkel buys laundry care firm Sun Products in $3.5 billion deal
FRANKFURT (Reuters) – German consumer products group Henkel said it was buying U.S. laundry and home care company The Sun Products Corp from a fund of Vestar Capital Partners in a deal valued at about 3.2 billion euros ($3.5 billion) including debt.
