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Tag Archives: Brexit

Northern Irish court sides with UK premier over Brexit challenge

Northern Ireland’s High Court on Friday rejected an attempt to block Britain’s exit from the European Union, saying that neither the province’s parliament nor its laws could override a decision by the British government. But it said it would defer to English courts on the wider issue of whether the …

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Germany’s EU budget bill may rise by 4.5 billion euros after Brexit: report

Once Britain leaves the European Union, Germany could have to contribute an additional 4.5 billion euros per year in both 2019 and 2020 to the EU budget, according to an internal Finance Ministry report published on Saturday. Germany, Europe’s largest economy, already makes the largest net contribution to the EU …

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Brexit leader Nigel Farage addresses Trump rally, bashes Clinton

Nigel Farage, a key figure in the successful campaign to get Britain out of the European Union, lent his support to Republican presidential nominee Donald Trump on Wednesday, saying Trump represented the same type of anti-establishment movement that he masterminded in his own country. Farage appeared with Trump before a …

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Fed minutes suggest rate hikes on hold until Brexit impact clearer

Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes of the Fed’s June policy meeting released on Wednesday. The minutes of the June 14-15 meeting, which took …

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Oil prices fall amid Brexit concerns, supply risks

Oil prices fell in Asian trading amid wider market turmoil set off by mounting concerns over the economic impact of Britain’s vote to leave the European Union. U.S. crude was down 31 cents at $46.29 a barrel at 0158 GMT. The contract fell 5 percent to end at $46.60 on …

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Global stocks slide, bonds surge as Brexit fears resurface

Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes. In wild trading reminiscent of the fateful Friday when Britain voted to abandon the EU, sterling shed a …

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Brexit mess boosts prospects of Asia central bank easings

Britain’s vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy, as a prolonged period of uncertainty threatens a wider downshift in trade and investment. Economists warn delayed investment decisions and a hit to jobs and consumption from Brexit will …

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After market spasm, Wall Street looks past Brexit

A week-long convulsion in U.S. stocks induced by Britain’s vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has created a bounty of uncertainty about the …

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U.S. first-quarter GDP revised up, Brexit risk to outlook

U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs of a pickup in the second quarter, analysts worry Britain’s vote to leave the European Union could hurt activity later this year. Gross domestic product increased at a 1.1 percent …

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Brexit vote, UK political confusion keep world markets on edge

Britain’s vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. UK finance minister George Osborne said early Monday that the British …

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