World Economy International Organizations

  • LONDON, June 24- Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU. "That is a catastrophic result for Britain and also for Europe and Germany, especially the German economy. "We expect a significant drop in trade with Britain in the coming months.

  • *Scotland votes 62-38 to remain in EU. EDINBURGH, June 24- Scotland sees its future in the European Union despite Britain's vote to leave, First Minister Nicola Sturgeon said on Friday, raising the spectre of a new Scottish independence vote and the possible dissolution of the United Kingdom. Scotland voted by a margin of 62 percent to 38 percent to remain in the EU...

  • LONDON, June 24- Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. The pound fell as much as 10 percent against the dollar to levels last seen in 1985, on fears the decision could hit investment in the world's...

  • *Danish People's Party, Red-Green Alliance call for EU vote. *Sweden Democrats also calls for referendum. COPENHAGEN, June 24- Denmark's populist anti-immigration party called on Friday for a referendum on the country's membership of the European Union following Britain's decision to leave, but the prime minister rejected such a possibility.

  • President Barack Obama was briefed by his advisers late on Thursday on Britain's vote to leave the European Union, a result that he had argued passionately against during an April visit to London. Obama, who was scheduled to deliver remarks to global entrepreneurs at a conference at Stanford University at 10:45 a.m. PDT, was dining out at an upscale restaurant...

  • *BP to keep UK HQ despite vote. LONDON, June 24- Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand for oil. Financial markets have been worried for months about what Brexit, or a British exit from the European Union, would mean for Europe's future, but...

  • BEIJING, June 24- The Chinese government on Friday called for Britain and the European Union to reach agreement as soon as possible after Britain voted to leave the bloc, and said Beijing was still keen to promote its relations with London. When asked about the impact on business ties between China and Britain, Hua said: "Of course there will be an impact from Britain...

  • LONDON, June 24- Following are reactions from world leaders and politicians on Friday to Britain's referendum vote to leave the European Union:. BRITISH PRIME MINISTER DAVID CAMERON, WHO CAMPAIGNED TO KEEP BRITAIN IN. It looks like a sad day for Europe and Britain.

  • LONDON, June 24- Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand for oil. Financial markets have been worried for months about what Brexit, or a British exit from the European Union, would mean for Europe's future, but were clearly not fully...

  • *Scotland votes 62-38 to remain in EU. EDINBURGH, June 24- Scotland sees its future in the European Union despite Britain's vote to leave, First Minister Nicola Sturgeon said on Friday, raising the spectre of a new Scottish independence vote and the possible dissolution of the United Kingdom. Scotland voted by a margin of 62 percent to 38 percent to remain in the EU...

  • *Washington offered more clarity on use of bulk surveillance. BRUSSELS, June 24- The European Union and the United States have agreed changes to a data transfer pact that is key to transatlantic business, including stricter rules for companies holding information on Europeans and clearer limits on U.S. surveillance. Brussels and Washington rushed to hammer...

  • LONDON, June 24- Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. The pound fell more than 10 percent against the dollar to levels last seen in 1985, its biggest one-day fall in history, on fears the decision could hit...

  • VIENNA, June 24- Austrian Chancellor Christian Kern does not expect a "domino effect" of referendums on membership of the European Union after Britain voted to leave the bloc, adding that his country would not hold a similar vote of its own. "I do not fear a domino effect," Kern said in a statement to reporters on Friday. "Europe will lose status and significance in the...

  • LONDON, June 24- Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to seek protection in the precious metal. Spot gold peaked at $1,358.20 per ounce and was up 4.5 percent at $1,313 an ounce at 0753 GMT, while U.S. gold futures for August delivery were up...

  • leave EU@ BUDAPEST, June 24- Central European currencies fell and stock markets plunged on Friday after Britain voted to leave the European Union, with the Polish zloty tumbling to a 4-1/ 2 year low against the euro and some stock markets to multi-year lows. Direct trade linkages with Britain account for 3-6 percent of the foreign trade of central eastern European...

  • *Britain votes to leave the European Union- BBC. MELBOURNE, June 24- London copper fell on Friday and selling spilled into other metals, after referendum results showed that British voters have embarked on a path to depart the European Union. Britain has voted to leave the European Union, results from Thursday's referendum showed, a stunning repudiation of the...

  • LONDON, June 24- Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union. "It is far too early to understand the detailed implications of this decision and uncertainty is never helpful for a business such as ours," BP said. "However, we do not currently expect it to have a significant impact on...

  • *Leave camp wins by 52-48 percent split. LONDON, June 24- Britain has voted to leave the European Union, forcing the resignation of Prime David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Billions of dollars were wiped off European banks' market value, with Britain's Royal Bank of Scotland, Barclays and Lloyds...

  • SINGAPORE, June 24- Chicago corn lost around 2 percent on Friday while soybeans and wheat gave up more than 1 percent as Britain's vote to leave the European Union rattled global financial and commodity markets. Carnage came to world markets after results showed a near 52 percent voted for Britain's exit from the European Union, sending sterling on a record...

  • *Shares in UK banks, asset managers sink at market open. LONDON, June 24- Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, leaving question marks over London's status as Europe's premier financial centre. All depends on the divorce between Europe...