Brexit negotiators have to compromise to avoid economic fallout

EUROPEAN Union (EU) and UK Brexit negotiators will have to come to a workable Brexit compromise to prevent a severe financial and economic dislocation.

Brexit White Paper alarms UK business leaders

LEADERS of the UK's financial sector are alarmed that the government's negotiating proposals will place the City of London at a major disadvantage. The fear is that the loss of independence will boost New York, Singapore and other financial centres. Moreover, the proposals - likely to be...

Markets unfazed over exits in May's inner circle

REMARKABLY, UK currency and stock markets were relatively relaxed about the resignation of David Davis, Brexit Secretary and later Boris Johnson, Foreign Secretary. Despite worries about an impending political "crisis", sterling first rose against the US dollar and euro, but then dipped...

Theresa May sees off rebels, allowing freedom to negotiate Brexit

BRITISH Prime Minister Theresa May has narrowly escaped a vote loss in Parliament and leadership threat after Tory rebels voted for the European Union (EU) Withdrawal Bill.

Watch the tech stocks as caution reigns over markets

IT is three months to the 10th anniversary of the stock market crash. Lehman Brothers declared bankruptcy in September 2008, setting in motion a swift downward draft from global shares and commodities to gold and property. US Treasury bonds, backed by a surge of the US dollar, were by far the...

May struggles to iron out kinks in parliament as Brexit looms

TIME is ticking towards Brexit but British Prime Minister Theresa May is still struggling to get parliament on her side. The rows ahead of last-stage negotiations with the European Union are now a serious worry for businesses.

Mixed response to De Beers' two-prong lab-grown and natural diamond strategy

THE jury is still out on De Beers' decision to enter the lab-grown gem market...

Long hot summer awaits Italy and eurozone ahead of polls

It is going to be a long hot summer for the eurozone ahead of expected Italian elections in coming months.

Gold bulls puzzled why metal hasn't performed amid tensions

GOLD bulls are puzzled why gold hasn't performed in the face of geopolitical uncertainty and a surging oil price...

Opec may raise oil production despite falling demand

BRENT crude oil prices have just breached the US$80-a-barrel mark, but demand is beginning to slip even as the Organization of the Petroleum Exporting Countries (Opec) may raise production at its upcoming meeting on June 22.

Several Asians included in UK Sunday Times Rich List

SEVERAL Asians have become the wealthiest people in Britain, which now has 145 billionaires, compared to 442 in the US and 309 in China.

Oil prices expected to fall from present highs as panic subsides

CRUDE oil prices are expected to decline from their highest levels since November 2014, despite worries about US sanctions on Iran and a potential conflict with Israel.

Soaring govt, private debt raises red flag for financial authorities

THE world's financial authorities are concerned about a massive surge in global government and private debt as they fear that a rise in interest rates could cause a financial and economic downturn...

EU wants Britain to stay in customs union after Brexit

TAKING advantage of UK cross party Brexit disunity, European Union negotiators say that Britain must remain in the EU's customs union after Brexit...

What expats like and are peeved about in Singapore

EXPATRIATES rate Singapore highly as a relocation centre, but fret about its high property, rental and living costs.

Jockeying for ECB, BOE successors is underway

TWO vital central bank changes are due to take place in 2019. They are the successors of Mario Draghi, president of the European Central Bank (ECB) and Mark Carney, governor of the Bank of England (BOE).

Oil prices, China help Russia survive sanctions

RUSSIA has managed to overcome sanctions because of higher oil and gas prices and China's trade and investment...

Britain will find it hard to freeze Russian assets

DESPITE many threats, the UK government will find it exceedingly difficult to freeze Russian assets unless it can prove links to criminality.

Britain enters final Brexit talks with listless economy, high debt

THE UK is heading into the final stretch of the Brexit negotiations bogged down with the twin problems of a sluggish economy and high debt.

World's central bankers mull over digital currency

CENTRAL banks have taken the first united step in the potential issuance of digital currencies.

EU plans to hit back if Trump imposes his tariffs

THE planned retaliation by the European Union (EU) against US President Donald Trump's proposed tariffs is a warning that the global economy is at risk of a trade war...

UK PM unites Tory factions but faces uphill battle with EU

THERESA May has managed to temporarily unite the Tory factions over Brexit, but the question is whether she can persuade the EU to compromise.

Italy's election results give euro and Italian stocks and bonds a jolt

THE euro-sceptic populist, right-wing, anti-immigration parties have done better than expected. Italy has now entered a period of political and economic instability while parties form alliances to gain power.

Rise in far-right populism rocks Italian polls

POLLS ahead of March 4 election indicate that Italy is heading for political gridlock - a dramatic rise in far-right populism is behind the uncertainty.

Fraud and graft in India and China weakening their economies: studies

THE failure of the Chinese and Indian authorities to clear up fraud and corruption has weakened both their economies.