May's Brexit deal could fail unless EU leaders lend support

THE initial reaction of both the United Kingdom and European markets was relief as Theresa May emerged victorious in the Tory Party no-confidence vote. There is now certainty that the Prime Minister will continue with the Brexit negotiations for the time being and she has been doing her best to...

Britain's PM May calls off key vote on her Brexit deal

HOURS after the European Court of Justice ruled that the United Kingdom can unilaterally revoke its divorce notice, UK Prime Minister Theresa May called off a crucial vote in Parliament on whether to approve her Brexit deal.

Official forecasts, businesses and unions place pressure on MPs to accept May's Brexit deal

THE Bank of England (BOE) and UK Treasury have stated in no uncertain terms that a crash out from the European Union (EU) could cause a deep recession, a rise in unemployment, further sterling devaluation and higher inflation.

May appeals to voters to pressure MPs to accept Brexit agreement

UK PRIME Minister Theresa May is embarking on a nation-wide campaign to pressure MPs to support her Brexit agreement with the European Union (EU).

UK could slide into recession if it crashes out of the EU: OECD

THE United Kingdom will slide into recession if it crashes out of the European Union (EU), the OECD predicts.

May risks facing 'no confidence' vote without EU deals

PARLIAMENT likely to vote against Prime Minister Theresa May's Brexit draft deal unless she obtains compromises from EU in the final accord...

May sees end to tough Brexit talks amid resistance

BRITISH Prime Minister Theresa May is facing overwhelming difficulties as she ties up the Brexit negotiations and tries to soothe worried, rebellious members of parliament (MPs).

Mixed views on Wall Street as poll results turn out as expected

THE big question facing global investors is how Wall Street will perform in the medium and long term, now that the mid-term elections are over.

Sterling rises on news UK, EU close to financial services deal

THE UK and the European Union (EU) are close to a Brexit deal on financial services, a British official has confirmed.

Budget aims for bipartisan support for soft Brexit

BRITISH Chancellor Philip Hammond has gambled with a Keynesian growth Budget to get Parliament to agree to a Brexit deal.

UK optimistic an unloved Brexit deal will be negotiated by end-Nov

BRITISH Prime Minister Theresa May has pleaded with MPs to be calm as she believes there is a good chance that a Brexit deal could be concluded by the end of November.

While others fend off the bear, the US bull run goes on

GLOBAL markets have been experiencing a respite this week following recent steep declines.

Brexit: Desperate attempts to reach customs union compromise

THE European Union (EU) will have to agree on a customs union compromise to prevent the UK crashing out of the union without a Brexit deal.

Governments, institutions struggle to find battle plan for next recession

THE International Monetary Fund (IMF) and other institutions are grappling with potential strategies to counter any severe economic downturn.

Oil price surge signals critical phase in coming months

OIL prices dipped slightly last Friday after Saudi Prince Mohammed claimed that Saudi Arabia and other Middle Eastern producers had met Iran's shortfall of oil output. ...

Global economies have lost several trillions to offshore tax havens

MULTI-TRILLION dollars of illegal cash have leaked from nations and landed in offshore tax havens. These outflows have been one of the reasons for below-par economic performance. Global authorities have carried out only limited measures to counter the corruption, even though illegal outflows have...

Danger in soaring foreign currency debt: BIS

TEN years after the 2008 financial meltdown, soaring foreign currency debt is endangering financial markets.

De Beers' millennial push a model for fashion, luxury retail

DE BEERS' insights into millennial earnings, wealth and desires could well be a model for fashion, luxury and other businesses...

Prime London residential prices at lowest levels in 5 years

LONDON'S prime property prices have fallen to their lowest levels in five years wiping out gains from the last residential boom from 2010 to 2014...

Will Powell bend to Trump's desire for lower US dollar?

NOTWITHSTANDING its retreat from the peak in recent days, the US dollar's latest rally is underpinned by several factors...

Contingency plans announced if Britain crashes out with no Brexit deal

THE UK government's contingency plans against a no deal Brexit have failed to allay fears of potential disruptive havoc for businesses, services and people...

Massive bear positions in US futures, options help push gold down

MOST precious metals analysts say that the strong US dollar has pushed gold down to a 2018 low of US$1,175 an ounce. Another key reason, however, has been a massive increase in bearish positions on derivative exchanges.

Turkish crisis exacerbates existing debt problem

THE Turkish financial crisis exacerbates an emerging market foreign debt problem that has been brewing for some time.

Growing support for Britain to join Efta

GROWING numbers of key individuals across the political spectrum are saying that the UK should join the European Free Trade Association (Efta) after Brexit.

Foreign currency borrowing at new high in Asia

FOREIGN currency borrowing of Asian governments and corporations has soared to new heights, helping finance companies and boosting growth.