Brexit


London loses lead in Europe share trading

London loses lead in Europe share trading

(ATF) London has lost its title as the share-trading capital of Europe to Amsterdam after Brexit stripped UK financiers of some rights to operate in the EU.Euronext Amsterdam and two other Dutch share markets traded an average 9.2 billion euros ($11.2 billion) in shares each day in January while London …

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'London’s post-Brexit rivals should be Singapore and New York'  

'London’s post-Brexit rivals should be Singapore and New York'  

London's post-Brexit financial services industry must look to compete more with Singapore and New York rather than with leading EU centres, the head of British bank Barclays has said."I think what London needs to be focused on is not Frankfurt or Paris, it needs to be focused on New York …

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Brexit shows Asia that politics and trade don’t mix and we’re better together 

Brexit shows Asia that politics and trade don’t mix and we’re better together 

Brexit is less than a month old but the UK is already paying a heavy price for its decision to quit the European Union, the world’s largest free trade area – and Asia can learn lessons from what threatens to be a monumental act of self-harm.Remainers who wanted to stay …

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Brexit deal sparks relief but UK market will bear scars

Brexit deal sparks relief but UK market will bear scars

(Reuters) Britain’s trade agreement with the European Union removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements in place, but it will take UK financial markets years to lose their Brexit-inflicted scars.The “no-deal Brexit” risk has weighed on Britain’s growth and investment prospects since June …

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China to leapfrog as the largest economy and India the 3rd-largest

China to leapfrog as the largest economy and India the 3rd-largest

(ATF) While China hopes for an improvement in the US-China ties with Joe Biden stepping into the White House next month, its response to the pandemic has paved way for becoming the largest economy before the end of the decade, according to a report by a UK think tank.Beijing is …

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Brexit and subsidy overhaul deal a double whammy for Britain's farmers

Brexit and subsidy overhaul deal a double whammy for Britain's farmers

(AFP) David Exwood’s glossy, chestnut-brown Sussex cattle are brought in during the winter months and, apart from the bellowing that comes from their barns, his 1,000-hectare farm is quiet.But while the inaction on his farm, near Horsham, southeast England, is typical of many in the colder months, it belies tensions …

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A Brexit trade deal at last

A Brexit trade deal at last

LONDON: Britain clinched a Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire."Deal is done," a Downing Street source said. "We have taken back control of …

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EU and UK working out final terms of trade deal

EU and UK working out final terms of trade deal

(ATF) Britain and the European Union were on the verge of striking a trade deal on Thursday in a bid to avoid a bitter split that could cause chaos for traders on each side.The United Kingdom faces a cooler relationship with its biggest trade partner, which was not foreseen at …

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Still angling for a Brexit deal 

Still angling for a Brexit deal 

(ATF) Hopes of a Brexit deal remained alive Tuesday as European and British leaders prepared for another day of negotiations.EU chief Ursula von der Leyen expressed satisfaction Monday, saying there was progress as talks entered the "last mile” and chief EU negotiator Michel Barnier signalled there was a "narrow path" …

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Infection surge singes investors

Infection surge singes investors

(ATF) Hong Kong: Asian markets were broadly weaker after a spike in coronavirus infections threatened to stymie the economic recovery ahead of the holiday season, but Chinese markets outperformed on a sustained world-beating economic recovery.Japan’s Nikkei 225 index dipped 0.17%, Australia’s S&P ASX 200 eased 0.43%, and Hong Kong’s Hang …

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