Saturday, 15 December 2018

Tag Archives: Brexit

Asian markets build on trade optimism, pound faces pressure

HONG KONG: Asian markets enjoyed more gains as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to pressure the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more ...

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Sajid Javid among contenders to replace UK PM Theresa May

LONDON: With British Prime Minister Theresa May badly weakened by her decision to delay a key Brexit vote she would have lost, potential leadership contenders for the Conservative Party are waiting to pounce. If she falls, any Conservative MP elected by the party as leader would automatically become prime minister. ...

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ECB set to remove support as clouds gather

FRANKFURT: Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond – from Brexit to an ...

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PM Theresa May in landmark visit to Argentina

LONDON: Adding to her EU divorce dramas, Prime Minister Theresa May is on a landmark visit to Argentina for the G20 summit where her hosts are using Brexit to advance their claim on Britain’s Falkland Islands. May arrived late Thursday on the first visit by a British premier to the ...

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Brexit deal: The end of a loveless 46-year marriage

Ouerdya AIT ABDELMALEK: The divorce deal approved by Britain and the European Union on Sunday sets the stage for the end of a nearly 46-year marriage of convenience, built on prudence rather than shared dreams. “It’s been a utilitarian relationship since 1973 and the emphasis was always on the economic ...

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EU, Britain agree draft declaration on post-Brexit ties

  LONDON: The EU and Britain agreed a draft declaration laying out plans for “ambitious, broad, deep and flexible” relations after Brexit, setting the stage for the divorce to be finalised at a weekend summit. The EU Council President Donald Tusk said the 26-page declaration, outlining how Britain will work ...

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Rolls-Royce continuing with Brexit contingency plans- CEO

LONDON: British aero-engine maker Rolls-Royce said it was continuing with contingency plans as uncertainty grows on whether Prime Minister Theresa May’s Brexit plan will receive parliamentary backing, echoing comments from other firms. “This agreement is only a draft,” Chief Executive Warren East told BBC radio. “There are a lot of ...

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Theresa May eyes Brexit endgame, but not at any cost

LONDON: British Prime Minister Theresa May said that negotiators were working through the night to get a Brexit deal with the EU but vowed it would not be “an agreement at any cost”. “The negotiations for our departure are now in the endgame,” May’s office quoted her as telling a ...

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Bank of England trims growth outlook, holds rates as Brexit looms

LONDON: The Bank of England trimmed its growth forecasts as Brexit approaches and froze interest rates – but warned it could alter monetary policy “in either direction” after Britain leaves the European Union. The central bank’s nine-strong Monetary Policy Committee (MPC) voted unanimously at a regular policy meeting to keep ...

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May to say Brexit ’95 percent’ settled as MP mutiny fears rise

LONDON: Prime Minister Theresa May will tell Britain’s parliament on Monday that Brexit negotiations are “95 percent” complete but that she cannot accept the European Union’s Northern Ireland border proposals – as she faces down an increasingly mutinous faction within her own party. May has been on the receiving end ...

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