BENGALURU Gold rebounded on Wednesday from its losses in the previous session on investor demands for safety as uncertainty because of Britain's vote to exit the European Union continued to pressure financial markets.
SYDNEY Asian share markets joined a global rebound on Wednesday as the immediate drag from the Brexit vote began to ebb and investors wagered central banks would ultimately ride to the rescue with more stimulus measures.
LONDON/BRUSSELS European leaders told Britain on Tuesday to act quickly to resolve the political and economic confusion unleashed by its vote to leave the European Union last week, after the IMF said the uncertainty could put pressure on global economic growth.
TOKYO Japanese stocks rose on Wednesday morning thanks to a modest recovery in global equities following the Brexit rout, while a pause in yen buying also soothed market sentiment.
TOKYO Suzuki Motor Corp on Wednesday said currency market volatility after Britain voted to exit the European Union would likely have a "major" impact on earnings, and that it would offset the impact by cutting costs and local procurement.
WASHINGTON German automaker Volkswagen AG will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of cleaner technologies.
SINGAPORE Oil rose early on Wednesday as financial traders poured money back into commodities following the initial shock of Britain's vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply.
WASHINGTON 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.
WASHINGTON U.S. Secretary of State John Kerry held out the possibility on Tuesday of negotiating separate trade deals with Britain and the European Union at the same time, but a spokesman later said he did not mean to suggest such a plan.
MUMBAI Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews, a Reserve Bank of India (RBI) report said on Tuesday.