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British bracing for world economy to punish U.K. for Brexit

Jun 26, 2016

British bracing for world economy to punish U.K. for Brexit

The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they’ll find out whether it will. U.K. financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and ...

Jun 25, 2016

China-led development bank approves first loans

A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain’s vote to leave the European Union, the bank’s president said Saturday at its first annual meeting. The Asian Infrastructure Investment Bank, launched in January with 57 ...

Democrats reject platform proposal opposing TPP trade deal

Jun 25, 2016

Democrats reject platform proposal opposing TPP trade deal

Democrats on Friday voted down an amendment to the party’s platform that would have opposed the Trans-Pacific Partnership trade deal, avoiding an awkward scenario that would have put its statement of values at odds with President Barack Obama. Members of a Democratic National Convention ...

Jun 25, 2016

China could be the biggest winner from Brexit

The United Kingdom’s exit from the EU is creating a lot of losers: London’s finance industry. British Prime Minister David Cameron. The pound. The grand cause of European integration. But out of all of the market turmoil and uncertainty will emerge at least one ...