STRASBOURG - European Union lawmakers adopted a resolution on Wednesday setting their red lines for the two-year divorce talks with Britain and rejected attempts by British MEPs to recognise Gibraltar's pro-EU stance in the Brexit referendum.
6/04/2017 8:52:53 AM
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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
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
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
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.
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
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
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
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
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
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