Trump warming to EU trade deal with Britain behind in queue - Times

LONDON - The United States could strike a free-trade agreement with the European Union after President Donald Trump warmed to a deal with the bloc, the Times reported on Saturday, quoting sources from both sides of the discussion.

Post-Brexit Britain would be pushed behind Europe in the race to secure a U.S. deal after Germany's Angela Merkel persuaded Trump that

GLOBAL ECONOMY WEEKAHEAD: Europe to set new course after EU summit, French vote

By Balazs Koranyi

FRANKFURT - Europe's political fog may finally start to lift in the coming week, with the French presidential election and the European Union's summit on Brexit strategy putting the bloc on a new path after months of uncertainty.

With growth on its best run in years and sentiment indicators pointing to buoyant consumption, clarity i

Exclusive: Clash of science and politics

By Kate Kelland

LONDON - Politicians who attack the EU agency that ruled the weedkiller glyphosate probably does not cause cancer are in danger of undermining the effectiveness of a body that is key to keeping Europeans safe, its chief warned.

Bernhard Url, executive director of the European Food Safety Authority (EFSA), said his agency is facing unprecedent

Greece blows EU-IMF bailout targets away with strong budget performance

By Lefteris Papadimas and George Georgiopoulos

ATHENS - Greece far exceeded its international lenders' budget demands last year, official data showed on Friday, posting its first overall budget surplus in 21 years even when debt repayments are included.

The primary surplus -- the leftover before debt repayments that is the focus of International Monetary

Euro zone March inflation confirmed at 1.5 percent, core rate revised up

BRUSSELS - Euro zone core inflation was higher than initially forecast, the European Union's statistics office said on Wednesday, while confirming its estimate for the headline figure.

Eurostat confirmed inflation in March in the 19 countries sharing the euro slowed down to 1.5 percent year-on-year from a four-year high of 2.0 percent recorded in February.

But core

UK watchdog warns banks against 'opportunistic' transaction booking

LONDON - Britain's top markets regulator will clamp down on any attempt post-Brexit to return to the "bad old world" of opaque transactions in which banks did not know where trades were being booked, he said on Tuesday.

Banks based in London want to maintain broker links with customers across the European Union once Britain has left the bloc in 2019, suc

Yahoo's EU regulator to complete email investigation within weeks

DUBLIN - Yahoo's European regulator said it is preparing to give the U.S. Internet company the results of an investigation into the 2014 theft of data from 500 million users, including any remedial action to avoid a repeat of the breach.

Yahoo said in September last year that hackers had stolen the data in 2014, prompting criticism from U.S. politicians into the d

After Brexit, EU bets on risk, green finance to relaunch capital plan

BRUSSELS - The European Union will focus on infrastructure, green and risk finance to boost funding for the economy, a European Commission vice president said on Tuesday, noting Britain's departure could deprive the EU of its largest financial centre.

The commission launched a plan in 2015 to create a capital market union (CMU) by 2019 to smooth the movement of ca

European Union should consider billion-euro investment boost for Greece - Austrian finmin

VIENNA  - The European Union should consider a one-billion-euro ($1.1-billion) special investment programme to spur growth in debt-ridden Greece, Austria's finance minister told daily Der Standard in an interview published on Monday.

Hans Joerg Schelling said Greece would only be able to get back on track and regain access to capital markets if it was able to

Europe admits G20 economies will miss extra growth target

VALLETTA - European Union finance ministers admitted on Saturday that the world's 20 biggest economies (G20) will miss their target of generating additional economic growth through reforms by 2018 and called for reflection on why they have failed.

G20 economies agreed in 2014 to boost growth in their economies by at least an additional 2 percent over 5 years throu

Sterling set for first fall in four weeks, eyes on output data

By John Geddie

LONDON - Sterling was set for its first week of falls in four on Friday as investors awaited data crucial to Britain's growth outlook as it begins the process of leaving the European Union.

In the first full week of trading since UK Prime Minister Theresa May formally began Britain's divorce from the EU, the pound has slipped 0.7 perce

European Union raises import duties on Chinese steel, angering Beijing

By Philip Blenkinsop

BRUSSELS  - The European Commission said on Thursday it had set 'anti-dumping' duties on imports of hot-rolled flat steel products from China at a higher rate than those already in place, angering Beijing.

The Commission, acting on behalf of the 28 EU countries, set final duties of between 18.1 and 35.9 percent for five year

China urges EU to ``correct mistake`` of steel anti-dumping duties

BEIJING  - China's commerce ministry said on Thursday that it is highly concerned by the European Union (EU) decision to slap 18.1 percent to 35.9 percent anti-dumping duty on China's hot-rolled steel coil.

China urged the EU to "correct its mistake" in levying the anti-dumping duty and said it would take "necessary measures" to protec

European Union clears ChemChina takeover of Syngenta with conditions

By Foo Yun Chee

BRUSSELS  - ChemChina won EU antitrust approval on Wednesday for its $43 billion bid for Swiss pesticides and seeds group Syngenta, a crucial deal that could help China boost its domestic agricultural output.

The deal, the largest foreign acquisition by a Chinese company, is one of several that is reshaping the international market for a

European Union finance ministers to ponder Europe's bad-loan problem

By Jan Strupczewski

BRUSSELS  - European Union finance ministers will try on Friday to find a way to deal with bad loans at European banks that drain their profits and capital and obstruct their financing of the economy.

The 2008 financial crisis and subsequent economic downturn in Europe increased the non-performing loans (NPLs) of EU banks, which now

Bank lobby warns of market ructions if Brexit talks stumble

LONDON  - Europe's banking lobby warned on Wednesday of the dangers to wholesale banking and financial stability if negotiations over Britain's exit from the European Union end in deadlock.

"Financial stability and market efficiency must be safeguarded during the Brexit implementation process and thereafter," the Association for Financial Market

Post Brexit, UK aims to deepen trade ties with India

India and the UK on Tuesday discussed the possibility of a new trade pact as Britain looks to build on its bilateral business ties after its exit from the European Union, as per the media reports. As Britain's top financial policymakers began a 2-day visit to India, a free trade agreement (FTA) figured during talks at the 9th UK-India Economic and Financial Dialogue, said the PTI report.

Spain eases opposition to an independent Scotland in European Union

By Jesús Aguado

MADRID - Spain, at loggerheads with Britain over Gibraltar, appears to be easing its opposition to an independent Scotland in the European Union, saying it would not block such a move at least initially.

The Scottish independence drive -- now resuscitated by the prospect of Britain's departure from the EU -- is highly controversial

Global Economy Weekahead - Brexit effects may reflect in business surveys

By Catherine Evans

LONDON - In the week after Britain formally notified the European Union of its intention to quit the bloc, business surveys will give more idea of what -- if any -- impact Brexit is having on the British economy and how its EU peers compare.

Last month's purchasing managers' index (PMI) reports suggested unexpectedly strong growth

EU offers Brexit trade talks, sets tough transition terms

By Robin Emmott and Alastair Macdonald

VALLETTA/BRUSSELS  - The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit.

Those include paying tens of billions of euros and giving residence rights to some 3 millio

Euro zone more willing to change after Brexit - top official

By Robin Emmott

ST JULIAN'S, Malta  - The next steps in euro zone integration after Brexit could include greater investment in poorer members of the currency area, but only if they reduce the risky links between governments and banks, a top EU official said.

Britain's pending departure from the European Union has reignited the debate on how to r

France can reap rewards from Brexit, elections - business lobby chief

By Simon Carraud and Emmanuel Jarry

PARIS  - The head of the main French bosses' group expects an investment boost from the election of either Francois Fillon or Emmanuel Macron as president in May as companies with spending on hold for the result combine with a Brexit-led influx.

MEDEF chief Pierre Gattaz said, however, that an unexpected win by Marine Le Pen, the

Lloyd's of London chooses Brussels for European Union base on strong regulation

By Carolyn Cohn

LONDON - Insurance market Lloyd's of London, an integral part of the British business scene since the 17th century, has chosen Brussels as the site for its European Union subsidiary because of its strong regulatory framework, it said on Thursday.

Lloyd's has been one of the most vocal financial services firms about the need for an EU