Japanese PM Abe asks UK PM May for 'smooth Brexit' for business

LONDON - Japanese leader Shinzo Abe asked Prime Minister Theresa May on Friday to ensure a smooth Brexit to allow Japanese companies to continue to operate as the United Kingdom exits the European Union.

The leader of the world's third largest economy praised PM May for what he said were attempts to secure Brexit transparency and a transitional period to ease the

'Have a little swagger', CEOs tell PM May in bid to make Brexit pay

LONDON - Global chief executives and investors had some sharp advice for Prime Minister Theresa May on Wednesday: Make Brexit a success by looking beyond the European Union and adopting a little swagger about the benefits of the world's fifth largest economy.

While repeatedly calling for a close relationship with the EU after Britain's divorce, May has also pi

Sterling gets market's vote, stocks cold-shouldered

By Wayne Cole

SYDNEY - Sterling stole centre stage in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.

Safe-haven bonds also held onto most of their recent gains ahead of presidential elections in France and on escalating

Analysis - May’s election gamble offers longer-term turnaround for sterling, but at FTSE’s expense

By Patrick Graham

LONDON - Running contrary to the norm on shock election announcements, the pound's steep gains on Tuesday point to hope among investors that the June poll may stabilise domestic UK politics as the country faces its biggest challenges in half a century.

Buffeted initially by speculation over the likely content of Theresa May's surpri

19/04/2017 10:03:24 AM | Posted in Special Event Expert Views read full news
UK consumer spending grows at slowest rate in three years - Visa

LONDON  - British consumer spending increased at the slowest annual pace in more than three years in the first three months of 2017, in a further sign that one of the economy's main engines is losing steam as Brexit preparations begin, a survey showed on Monday.

Payment card company Visa said real-terms spending increased 0.9 percent year-on-year in the three

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

India, Britain talk up post-Brexit trade prospects

By Manoj Kumar and Douglas Busvine

NEW DELHI - India and Britain on Tuesday talked up their prospects of developing a new trading relationship, as their finance ministers met to prepare for the United Kingdom's exit from the European Union.

British finance minister Philip Hammond flew in to New Delhi for talks with Indian counterpart Arun Jaitley, d

British PM May fires starting gun on Brexit

By Guy Faulconbridge and Elizabeth Piper

LONDON - Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.

Nine months after Britons voted to leave, May notified EU Council President Donald Tusk in

'Indo-British official group discussing free trade agreement'

With Britain set to launch the formal process of its exit from the EU on Wednesday, a prominent British entrepreneur has said that a joint working group of officials from both countries is working on an India-UK free trade agreement to be signed once it exits the EU in two years time.

"One of the very important steps forward of Theresa May's (India) visit last November was th

Analysis - Changes: Five ways Brexit will transform the EU

By Alastair Macdonald

BRUSSELS  - Leaving the European Union, to be triggered by Prime Minister Theresa May on Wednesday, may transform Britain but it will also change the EU. Here's how:

EU BUDGET: WHERE'S THE MONEY GONE?

The Union's budget accounts for only 2 percent of public spending in the bloc. But in the eas

Impact on banks from Britain's vote to leave the EU

Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial centre.

Leading financial firms warned for months before last June's Brexit referendum that they would have to move some jobs if the "Leave" side won

UK manufacturers urge PM May to drop threat of no Brexit deal

LONDON  - Britain's manufacturers told Prime Minister Theresa May on Monday to drop her threat that she might take the country out of the European Union without a new trade deal, saying they would bear the brunt of trade barriers with the EU.

May plans to trigger the two-year Brexit process on Wednesday and she has warned the other 27 EU countries that no dea

Britain's Theresa May to launch EU divorce proceedings on March 29

By William James, Elizabeth Piper and Gabriela Baczynska

LONDON/BRUSSELS - Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations that will reshape the future of the country and Europe.

May's government said her permanent envoy to the EU had informed European Coun

Sterling slips after as date is set for Brexit trigger

By Ritvik Carvalho and Jemima Kelly

LONDON - Sterling fell from a three-week high against the dollar on Monday, on the news Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations.

May's government said her permanent envoy to the EU had informed European Council Pr

Britain to launch Brexit process on March 29 - EU sources

By Gabriela Baczynska

BRUSSELS - Prime Minister Theresa May will write to the European Union on March 29 formally announcing Britain's withdrawal from the bloc, EU sources told Reuters on Monday, saying Brussels had been told of the plan by British officials.

That letter next Wednesday will start the clock ticking on a two-year countdown to Brexit and a

Britain's May supports finance minister in tax hike on self-employed

LONDON  - British Prime Minister Theresa May defended her finance minister on Thursday against criticism for raising a tax on some self-employed workers in his budget, saying the measure was necessary and "fair".

Members of her governing Conservative Party and many British newspapers accused finance minister Philip Hammond of breaking a party pledge ahe

UK needs financial reserves in the tank for Brexit - Philip Hammond

By William Schomberg and Paul Sandle

LONDON - Britain's finance minister Philip Hammond said he would keep "reserves in the tank" to see the economy through its looming Brexit challenge, signalling little room for extra spending in this week's budget despite better news on borrowing.

He also said tensions were now easing with other Europea

UK lawmakers say May's industrial plan falls short, risks mistakes

LONDON - Britain's new industrial strategy, unveiled earlier this year to prepare the economy for Brexit, is lacking in long-term thinking and risks making the same mistakes as prior, failed plans, a group of lawmakers said.

Prime Minister Theresa May announced a "Modern Industrial Strategy" in January with the aim of boosting Britain's weak producti

UK PM May's Brexit plan suffers hitch in parliament

By William James and Kylie MacLellan

LONDON  - Britain's upper parliamentary house dealt a defeat to Theresa May's government on Wednesday, voting for a change to her Brexit plan that says she can only trigger divorce talks if she promises to protect EU citizens' rights.

The defeat is a blow to the Prime Minister, who had hoped to pass her B

British PM May wants Brexit deal that allow automakers to flourish

LONDON  - Prime Minister Theresa May has been clear that her government wants to secure a Brexit deal with the European Union that will allow Nissan and other automakers to flourish in Britain, her spokesman said on Tuesday.

Earlier, Colin Lawther, Nissan's senior vice president in Europe, told lawmakers the company wanted the government to help it source mor

UK Prime Minister May orders officials to examine Kraft Heinz bid for Unilever - FT

LONDON - British Prime Minister Theresa May has asked top officials to examine U.S. food company Kraft Heinz's proposed takeover of Unilever Plc, the Financial Times reported on Sunday without citing any sources.

Kraft's surprise $143 billion offer, which would be the largest ever acquisition of a UK-based company, was flatly rejected by Unilever on Frida

PSA chief executive to meet UK's May about Vauxhall takeover

By Laurence Frost and David Milliken

PARIS/LONDON - The chief executive of Peugeot manufacturer PSA Group will meet British Prime Minister Theresa May to discuss his firm's planned acquisition of General Motors' Opel and Vauxhall operations, a government spokesman said on Saturday.

Both Britain and Germany fear PSA will cut jobs if the takeover goes

Britain and India ease limits on flights to boost trade ties

LONDON - Britain and India on Thursday agreed to ease restrictions on the number of scheduled flights between the two countries in a bid to boost trade and tourism ties before Britain leaves the European Union.

Limits on flights to Britain from key Indian cities including Chennai and Kolkata have been scrapped, allowing for passengers to choose from a greater range of

Theresa May wins crucial vote in UK Parl to begin Brexit

British Parliament overwhelmingly supported a bill on Thursday empowering PM Theresa May to commence crucial negotiations by March 31 on leaving the EU, bringing Brexit a step closer, as per the media reports.

The draft legislation of the European Union (Notification of Withdrawal) Bill was approved by 494 votes to 122 by the House of Commons after its final debate, said the PTI repor

British House of Commons passes Brexit bill

 The parliamentary bill empowering the British government to begin the formal process of leaving the European Union completed its passage on Wednesday night in the House of Commons.

Prime Minister Theresa May's government succeeded in crossing the final crucial hurdle with 494 votes to 122 -- a majority of 372, Xinhua news agency reported.

May sat in the chamber alo