Bloomberg Caretaker Prime Minister Mariano Rajoy consolidated his position in Spain’s general election as voters backed away from insurgent political forces in favor of the relative security of the People’s Party. The outcome of Sunday’s voting confounded exit polls and suggested the electorate had shied away from the anti-establishment party Podemos at the last minute. With the U.K. engulfed ...

  Bloomberg Chancellor of the Exchequer George Osborne said contingency plans were in place to shore up the economy amid ongoing market volatility as he sought to reassure financial markets after Britain’s shock vote to exit the European Union. Osborne, breaking a three-day silence, delivered a statement first thing Monday morning saying that he had been in contact with Bank ...

  Bloomberg Rosneft PJSC, the state-run crude producer that has helped turn Russia into the top oil supplier to China, aims to secure its hold by winning more clients and establishing new delivery routes amid increasing competition and stretched infrastructure. “We continue our work to strengthen our presence in China’s market,” Chief Executive Officer Igor Sechin said in comments sent ...