OTTAWA U.S. President Barack Obama said on Wednesday he expects the world economy will be steady in the short run after Britain's decision to leave the European Union but expressed concern about longer term global growth.
DETROIT It is too soon to measure the impact of the British vote to leave the EU on General Motors Co but the decision will likely not have much effect on the company in its home market, GM's chief economist said on Wednesday.
SINTRA, Portugal The European Central Bank is in no rush to ease monetary policy in response to Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, bank officials said on Wednesday.
DUBLIN The uncertainty created by Britain's vote to leave the European Union will persist for some time and resulting delays in consumer spending and investment are of immediate concern, Ireland's Central Bank governor said on Wednesday.
NEW YORK Stock markets around the world rebounded for the second straight day on Wednesday as fears about last week's Brexit vote eased and investors wagered central banks would ultimately ride to the rescue with more stimulus.
NEW YORK/WASHINGTON U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander SA yet again failed the Federal Reserve's stress test on Wednesday due to "broad and substantial weaknesses" in their capital planning processes.
PARIS French President Francois Hollande flagged plans to ease the tax burden on middle class voters and small companies while also making Paris a more attractive financial center after Britain's referendum to leave the European Union.
NEW YORK Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.
OTTAWA The United States, Canada and Mexico will work to ensure the stability of the global financial system after Britain's vote to leave the European Union last week, U.S. President Barack Obama said on Wednesday at a news conference at a North American summit in Ottawa.
HOUSTON Britain's BP Plc this month received a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies agreed on a swap arrangement to settle pending payments for U.S. oil shipments.