Ratings agency Standard & Poor's removed the United Kingdom's coveted AAA status on Monday because of its vote to leave the European Union, downgrading it by two notches with a long-term negative outlook.
A top anti-Brussels campaigner said it appeared Britain had narrowly voted to remain in the EU, as counting began Thursday after millions voted in a bitterly-fought historic referendum.
US antitrust officials filed suit Wednesday to block Halliburton's proposed $34.6 billion takeover of rival Baker Hughes that would create a global oil services giant.
Wall Street stocks notched modest gains Monday as merger news, including another twist in the takeover battle for Starwood Hotels & Resorts, lifted the market.
The Federal Reserve cut its outlook for the US economy and kept its interest rate policy unchanged Wednesday, citing the impact of the global slowdown and turmoil in world markets.
G20 finance ministers gather in Shanghai from Friday with the global economy assailed on multiple fronts, from China's slowing growth to weak commodity prices, amid simmering disagreements over how best to face the challenges.
Energy and industrial names surged Wednesday with rising oil prices, but the Nasdaq finished lower as Google parent Alphabet and some other leading technology names retreated.
(Reuters) - Stock and oil prices rebounded on Tuesday on hopes oil producers would cut output to address the supply glut that has punished equity markets and pushed crude values to 12-year lows.
The yen hit a one-year high versus the dollar Wednesday as investors sought the haven currency amid a rout in equity markets and worries about the faltering world economy.
Stock losses on Wall Street mounted to more than 3.0 percent at midday Wednesday driven in part by another plunge in crude oil prices.