AIRLINK 65.20 Decreased By ▼ -0.70 (-1.06%)
BOP 5.57 Decreased By ▼ -0.12 (-2.11%)
CNERGY 4.56 Decreased By ▼ -0.09 (-1.94%)
DFML 24.52 Increased By ▲ 1.67 (7.31%)
DGKC 69.96 Decreased By ▼ -0.74 (-1.05%)
FCCL 20.30 Decreased By ▼ -0.05 (-0.25%)
FFBL 29.11 No Change ▼ 0.00 (0%)
FFL 9.83 Decreased By ▼ -0.10 (-1.01%)
GGL 10.01 Decreased By ▼ -0.07 (-0.69%)
HBL 114.25 Decreased By ▼ -1.00 (-0.87%)
HUBC 129.10 Decreased By ▼ -0.40 (-0.31%)
HUMNL 6.71 Increased By ▲ 0.01 (0.15%)
KEL 4.44 Increased By ▲ 0.06 (1.37%)
KOSM 4.89 Decreased By ▼ -0.13 (-2.59%)
MLCF 37.00 Increased By ▲ 0.04 (0.11%)
OGDC 132.30 Increased By ▲ 1.10 (0.84%)
PAEL 22.54 Increased By ▲ 0.06 (0.27%)
PIAA 25.89 Decreased By ▼ -0.41 (-1.56%)
PIBTL 6.60 Increased By ▲ 0.07 (1.07%)
PPL 112.85 Increased By ▲ 0.73 (0.65%)
PRL 29.41 Increased By ▲ 1.02 (3.59%)
PTC 15.24 Decreased By ▼ -0.87 (-5.4%)
SEARL 57.03 Decreased By ▼ -1.26 (-2.16%)
SNGP 66.45 Increased By ▲ 0.76 (1.16%)
SSGC 10.98 Decreased By ▼ -0.04 (-0.36%)
TELE 8.80 Decreased By ▼ -0.14 (-1.57%)
TPLP 11.70 Increased By ▲ 0.17 (1.47%)
TRG 68.62 Decreased By ▼ -0.62 (-0.9%)
UNITY 23.40 Decreased By ▼ -0.55 (-2.3%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,295 Decreased By -9.1 (-0.12%)
BR30 23,854 Decreased By -96 (-0.4%)
KSE100 70,290 Decreased By -43.2 (-0.06%)
KSE30 23,171 Increased By 50.4 (0.22%)

imageSAN FRANCISCO: US President Barack Obama was briefed by his advisers late on Thursday on Britain's vote to leave the European Union, a result that he had argued passionately against during an April visit to London.

Obama, who was scheduled to deliver remarks to global entrepreneurs at a conference at Stanford University at 10:45 a.m. PDT (1:45 p.m. ET/1745 GMT), was dining out at an upscale restaurant with a small group of top venture capitalists and Silicon Valley entrepreneurs as the results for the "leave" campaign began to roll in.

The group at San Francisco's Twenty-Five Lusk included John Doerr of Kleiner Perkins Caufield Byers, and LinkedIn's Reid Hoffman. Obama dined for more than two hours, departing shortly after British networks called the referendum for the "leave" campaign, and markets plunged. A White House official said Obama had been briefed on the returns and would "continue to be updated by his team as the situation warrants."

"We expect the president will have an opportunity to speak to Prime Minister Cameron over the course of the next day, and we will release further comment as soon as appropriate," the official said in a brief statement to reporters. Obama traveled to London in April at the request of Cameron, whom he calls a friend, exhorting Britons to stay in the EU, an unusual intervention that was denounced as meddling by those in the "leave" campaign. Obama also warned that leaving the EU would put Britain at the "back of the queue" for a trade deal with the United States.

Obama's term in the White House ends on Jan. 20, 2017. His former Secretary of State Hillary Clinton, the presumptive Democratic candidate in the Nov. 8 election, had also said she hoped the UK would stay in the EU.

The presumptive Republican nominee - real estate magnate Donald Trump - had taken the opposite stance, saying he thought the UK should leave.

Trump, in Scotland on Friday to reopen a golf resort, told reporters that Britons "took back control of their country" by voting to leave the European Union.

Copyright Reuters, 2016

Comments

Comments are closed.