Anti-Brexit campaigner and many European leaders had warned Britain of huge economic loss after it quits EU. But the other side of the coin is that even European Union will lose on multiple fronts due to Brexit. EU would not just be losing a vital component, but also one of its richest countries, with its biggest defense budget and ...

  Losing 4.3 billion barrels of reserves could be just what Exxon Mobil Corp. needed. There’s no denying that having almost one in five barrels of oil equivalent of your proved reserves slip off the books, as Exxon announced this week, isn’t the company’s finest hour. Coming just after Exxon took a $2 billion asset impairment, it looks like newly ...

  JPMorgan Chase & Co.’s market value has surged by about 60 percent in the past 12 months to $326 billion, making it the largest U.S. lender by that measure. But when executives, shareholders and analysts gather for the bank’s investor day next week, they may have other yardsticks on their minds. The New York-based bank has yet to meet ...