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EU farmers brace for trade fallout in wake of Brexit

  Bloomberg The U.K.’s decision to walk away from the EU may throw billions of pounds worth of agriculture trade into question as politicians prepare for a lengthy wrangle over future policy. The EU is the biggest customer for U.K. food and drink exports, with last year’s sales, excluding alcohol, valued at £8.9 billion ($12.2 billion), according to the Food ...

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US stocks tumble the most in 10 months after UK exits EU

  Bloomberg U.S. stocks plunged the most in 10 months, joining a selloff in global risk assets on speculation that the the U.K. decision to leave the European Union will hamper worldwide growth. Equities sank to session lows in afternoon trading, with the Dow Jones Industrial Average sliding more than 600 points. The S&P 500 Index extended losses after falling ...

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Mexico cuts spending after historic vote causes assets to tumble

  Bloomberg Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting after analyzing the ...

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