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Politics David Cameron

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  • Fund giant PIMCO sees little risk of UK exit from EU Tuesday, 9 Jun 2015 | 5:54 AM ET

    LONDON, June 9- The chance of Britain leaving the European Union looks very low and uncertainty about the outcome of the country's EU membership referendum is not likely to affect business investment, a senior executive with global investment firm PIMCO said. Andrew Balls, PIMCO's global fixed income chief investment officer, said if uncertainty increased to...

  • British Prime Minister David Cameron and European Council President Donald Tusk said they hoped the G7, meeting in Germany, would present a united front on sanctions towards Russia over the Ukraine crisis. European Union leaders agreed in March that its sanctions on Moscow over its role in Ukraine would stay until a ceasefire agreement reached in the...

  • *MSCI stocks index down for 11th day. LONDON, June 8- Emerging stocks were on their longest losing streak in a quarter of a century on Monday, led by a six percent slump in Turkish stocks and a new record low for the lira after weekend elections triggered nervousness about its political environment. Istanbul's stocks topped the list of global fallers to put MSCI's...

  • Kremlin sees nothing new in G7 tough line on Russia Monday, 8 Jun 2015 | 5:25 AM ET

    MOSCOW, June 8- Russia said on Monday it saw nothing new in comments by leaders of the Group of Seven taking a tough line on Russia over sanctions and suggested there were differences among its member states. British Prime Minister David Cameron and European Council President Donald Tusk both said they hoped the G7, meeting in Germany, would present a united front...

  • LONDON, June 8- The Confederation of British Industry, a leading employers group, cut its forecast for UK economic growth on Monday but said the government should not delay its push to fix the public finances. The group said the downgrade mostly reflected a sharp slowdown in Britain's official economic growth rate in the first three months of this year, which...

  • Double trouble: Deutsche's co-CEOs shown the door Sunday, 7 Jun 2015 | 4:48 PM ET
    Deutsche Bank signage in Vienna, Austria.

    Both of Deutsche Bank's chief executive officers are set to resign amid a crisis of investor confidence.

  • KRUEN, Germany, June 7- Leaders from the Group of Seven industrial nations backed a tough line towards Moscow at the start of a summit in the Bavarian Alps, with U.S. President Barack Obama urging the gathering to stand up to Russian aggression in Ukraine. But the crises in Ukraine and Greece seemed likely to overshadow the discussions at Schloss Elmau, a luxury...

  • GARMISCH-PARTENKIRCHEN, Germany, June 7- British Prime Minister David Cameron will use a meeting of the Group of Seven industrial nations to vent frustration at what he sees as poor progress toward a multibillion-dollar trade deal between the European Union and the United States. President Barack Obama on Sunday at the G7 and to join host Angela Merkel, the...

  • Obama to press EU on Russia sanctions, meet Abadi at G7 Thursday, 4 Jun 2015 | 12:44 PM ET

    President Barack Obama will urge European Union leaders to maintain sanctions against Russia over its aggression in Ukraine at the upcoming G7 meeting, where he will also hold a bilateral meeting with Prime Minister Haider al-Abadi, U.S. officials said. Obama arrives in Germany on Sunday for the summit of leaders from the world's top industrial nations.

  • *PMIs point to 0.4 pct GDP growth in 3 months to May- Markit. Sterling fell sharply after Wednesday's Markit/ CIPS services purchasing managers' index fell back to 56.5 last month, still comfortably in growth territory but down from 59.5 in April and at its lowest level since December. Along with a weak manufacturing figure and a bounce in construction, combined...

  • The Markit/ CIPS services purchasing managers' index slipped back to 56.5 last month, still comfortably in growth territory but down sharply from 59.5 in April. Britain's economy was probably growing at a quarterly pace of 0.4 percent in May, Markit said, up only slightly from a surprisingly weak 0.3 percent expansion in the first quarter of 2015..

  • *City growth would help generate 145,000 new jobs in London. A report commissioned by the City of London Corporation, which promotes London as a financial center, said the City generated 45 billion pounds in what it termed economic output in 2014, with that figure expected to grow by 16 billion in the next 10 years. "This report shows how vital the City's success is...

  • "In the UK, the real political uncertainty for our sector comes from the dual and interconnected possibility that the UK could leave the EU and that the UK could dissolve if Scotland voted to become independent," Evans said. Scotland's First Minister Nicola Sturgeon told British Prime Minister David Cameron on Tuesday he could provoke another independence...

  • The Markit/ CIPS UK Construction Purchasing Managers' Index rebounded in May to 55.9 in May from April's 22- month low of 54.2, above the 50 mark that denotes growth and beating a Reuters poll forecast of 55.0. "With a sustained period of policy uncertainty no longer on the horizon, business confidence surged back to its highest level since early 2006," said Tim...

  • UK finance minister eyes extra 5 pct spending cuts Friday, 29 May 2015 | 10:37 AM ET

    LONDON, May 29- British finance minister George Osborne has asked most government departments if they can cut spending by an extra 5 percent this year ahead of an upcoming budget, as he seeks to erase the deficit in public finances. Prime Minister David Cameron's Conservatives unexpectedly won a slim majority in this month's national election, freeing them...

  • LONDON, May 28- British Prime Minister David Cameron believes there is a strong case for a change of leadership at soccer's world governing body FIFA after the arrest of several senior officials on U.S. corruption charges, his spokesman said on Thursday. "He does think there's a very- in diplomatic speak- a very very strong case for a change of leadership," the...

  • LONDON, May 27- Sterling hit its weakest against the dollar since the aftermath of the UK's national elections on Wednesday, after a speech by Britain's queen to parliament set in motion a referendum on the UK's membership of the European Union. Sterling fell as much as 0.6 percent against the dollar to trade at $1.5301, its weakest since May 8- the day that it was...

  • LONDON, May 27- Sterling eased from a recent 2-1/ 2 month high against the euro on Wednesday, with investors awaiting the Queen's Speech which will outline the government plans for a referendum on European Union membership. Analysts have been flagging concerns about a possible "Brexit", and many say the risks to a UK economy that relies on inflows of investment and...

  • BERLIN, May 26- Germany and France have agreed plans to strengthen cooperation among euro zone countries without changing existing EU treaties, in a potential setback for British Prime Minister David Cameron as he holds key meetings this week with both countries' leaders. The blueprint would bolster the 19- nation euro zone, of which Britain is not a member, by...

  • "With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders...