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Treasury Says Brexit a Danger to U.S. Financial Stability

Britain's vote last month to exit the European Union has raised the danger level for U.S. financial stability, according to U.S. Treasury Department report released Monday.

The U.S. Office of Financial Research said risks to the American economy remained in the "medium" range but had been exacerbated by shock victory of the "leave" campaign in Britain's June 23 referendum on EU membership.

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German Businesses Shrug Off Brexit Fears

Britain's vote to leave the EU has had a limited impact on business confidence in Germany, with belief in domestic strength still strong, a key survey showed on Monday.

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Oil Prices Extend Losses on Supply Worries

Oil prices dipped on Monday, extending last week's losses on fresh worries about a global supply glut as more U.S. rigs come back online and the dollar strengthens.

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Terror Attacks a Growing Economic Threat, G20 Ministers Warn

Increasingly frequent terrorist attacks are becoming a growing threat to the global economy, finance chiefs from the world's leading economies said Sunday.

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G20 Nations Warn of Brexit Risk to Global Growth

Finance ministers from the world's biggest economies warned of global uncertainty from Britain's looming departure from the European Union, as they gathered in China on Sunday.

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Clouds Gather for Turkey Economy after Attempted Coup

A six percent loss in value of its currency, a plunge on the stock market and a downgrade by a key ratings agency.

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Hammond Says UK May Deploy Fiscal Stimulus in Fall

Britain could unleash a government stimulus package this fall to counter the negative effects of its vote to leave the European Union, its finance minister said Sunday.

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IMF Urges Key G20 Countries to Spend more for Growth

The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending.

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U.N. to Help Turkey Boost Struggling Tourism Sector

The U.N. World Tourism Organization signed an agreement Friday with Turkey to help the country boost its ailing tourism sector, which has suffered due to a string of bombings and a failed coup.

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Eight Energy Giants Mull Cyprus Gas Exploration

Eight major energy firms have expressed interest in drilling for oil and gas off the coast of Cyprus, the government said Friday.

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