European leaders met in Brussels without the UK for the first time on Tuesday in a historic informal meeting where the EU-27 will attempt to pick up the pieces from the Brexit vote and lay down terms of engagement for any divorce talks.
Protesters Chant ‘Down with Boris’ in Anti-Brexit Rally Outside Parliament – The Independent
Demonstrators chanted ‘Down with Boris’ and ‘F*** Farage’
Labour MPs are expected to announce a challenge to Jeremy Corbyn’s leadership after a motion of no confidence in him was supported by three-quarters of the parliamentary party.
Scottish First Minister Nicola Sturgeon will meet European Commission President Jean-Claude Juncker on Wednesday afternoon, Juncker’s spokeswoman said.
The Foreign Exchange Professionals Association (FXPA) has commended the foreign exchange industry for its preparations ahead of Britain’s referendum last week on whether to leave or remain in the European Union.
Three suicide bombers opened fire before blowing themselves up at Istanbul’s biggest airport on Tuesday, killing at least 36 people and injuring nearly 150 in an attack blamed on Isis.
A top German regulator Tuesday raised the bar for the planned $30 billion merger of Deutsche Börse AG and London Stock Exchange Group PLC, saying the headquarters of a combined exchange would have to be moved away from London.
Scott O’Malia, CEO of the International Swaps and Derivatives Association (ISDA) has issued an online post calling for regulators to realign the global implementation deadline for the forthcoming rules on non-cleared derivatives margining requirements.
Four industry bodies – FIA, ISDA, MFA and SIFMA – have submitted a joint letter to the US Commodity Futures Trading Commission (CFTC) urging the regulator to take a principle’s based approach to its proposed rule on regulation automated trading (Reg AT).
Vodafone, one of the biggest companies in the UK, is reconsidering keeping its global headquarters in London after the shock decision for the UK to leave the EU, the company said in a statement.
- UK Firms Mull Moves in Wake of Brexit – Daily Telegraph
- Goldman Considers Moving Staff out of Britain – The Times (subscription)
- Toyota: UK Investment Dependent on EU Talks – fastFT (subscription)
Moody’s has changed its outlook on 12 UK-based banks and building societies as the finance industry continues to feel the fallout of the vote to leave the EU.
A man in Florida is suing Apple for $10 billion (£7.5 billion), claiming Apple stole his idea when it released the iPhone nine years ago.
Swift has announced that 73 banks worldwide have now joined its global payments innovation initiative, aimed at improving the cross-border payments experience.
San Francisco-based bitcoin exchange Kraken has announced the acquisition of CleverCoin, another exchange based in the Netherlands.
The relief rally endured as Asian and European stocks rallied with crude oil amid speculation policy makers will use stimulus to blunt the impact of the U.K.’s decision to leave the European Union. The pound was the steadiest it’s been in almost three weeks and the dollar retreated.
Traders, who have consistently been better at projecting the path of interest rates than the Fed itself, are now pricing in a greater probability that policy makers will cut rates in upcoming meetings than raise them.
Gold’s investment case has been strengthened by the U.K.’s vote to quit the European Union as the fallout may spur the world’s central banks to step up easing, hurting currencies and favoring bullion, according to Marc Faber, publisher of the Gloom, Boom & Doom Report.
The Shanghai Stock Exchange’s reign as the premier venue for trading Chinese equities is coming to an end.