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Merkel prepared for EU treaty changes as Brexit requires bloc to be more competitive

German Chancellor Angela Merkel said on Monday she would be prepared to back changes to the European Union's Lisbon Treaty, the bloc's legal cornerstone if need be, adding that the EU27 must become more competitive now that Britain has left.



4 years ago

Stunning Japanese Admission About China May Foreshadow Digital Currency Breakthrough

Forbes | Steven Ehrlich | Jan 27 2020 There are at least 18 central banks developing a form of sovereign digital currency, according to a recent survey from crypto news outlet The Block. Some such as China see the efforts as a way to reduce fraud, increase financial transparency, and support flagging economic growth. Others like

4 years ago

Analysts recommend buying Nike on coronavirus weakness: 'Multi-year buying opportunity'

UBS upgraded shares of Nike to buy from neutral and JPMorgan added the stock to its "analyst focus list" on Monday.

4 years ago

UK's Johnson calls for predictable UK-EU deal in financial services

A trade agreement between Britain and the European Union should provide a predictable, transparent and business-friendly environment for financial services firms and regulators, UK Prime Minister Boris Johnson said on Monday.



4 years ago

UK businesses need to prepare whatever the outcome of EU trade talks - PM's spokesman

Businesses will have to take the same steps to prepare for the end of the Brexit transition period whether Britain strikes the Canada-style trade deal it is seeking, or a less comprehensive deal, Prime Minister Boris Johnson's spokesman said on Monday.



4 years ago

Stock futures point to rebound as China seeks to curb virus impact

U.S. stock index futures climbed on Monday, following steep declines in the previous session, as China took steps to relieve pressure on its economy from the impact of the coronavirus epidemic.



4 years ago

Citi names Peter Crawley treasury and trade head for Britain and Europe

Peter Crawley has been appointed as Citigroup Inc's treasury and trade solutions (TTS) head for Britain and Europe, based in London, and will move into his new role with effect from April 6, according to a memo seen by Reuters.



4 years ago

David Tepper says coronavirus 'may be a game changer' for market

David Tepper told Jim Cramer that investors should be cautious as fears rise about the new coronavirus outbreak.

4 years ago

Wall Street rises at open after steep selloff

Wall Street's main indexes rose at the open on Monday, following their worst week in at least four months due to growth concerns stemming from the coronavirus epidemic.



4 years ago

EU says financial relations with UK will be linked to trade deal

Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday.



4 years ago

AirAsia CEO Fernandes and chairman step aside as Airbus bribery allegations probed

AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of $50 million to win plane orders from the company.



4 years ago

Fish, financial services to be part of final EU-Britain trade deal: EU Commission head

An agreement on fisheries, financial services, trade in goods and energy all have to be agreed before the European Union can sign a deal regulating its post-Brexit future relationship with Britain, the head of the European Commission said on Monday.



4 years ago

Wall Street rebounds as U.S. manufacturing expands in January

Wall Street main indexes rose 1% on Monday following their worst week in at least four months as Amazon and Nike gained and U.S. factory activity showed a surprise rebound.



4 years ago

U.S. manufacturing rebounds; construction spending falls

U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.



4 years ago

Brexit trade deal clash: UK and EU spar over rules

The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties.



4 years ago