"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
* Opposition parties hope to stop a no-deal Brexit
* Pound jumps to one-month high vs dlr and euro
* Investors lower sterling short positions but remain wary
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Adds latest prices)
LONDON, Aug 27 (Reuters) - The British pound rose on Tuesday as opposition parties vowed to try and pass a law to prevent a no-deal Brexit at the end of October, encouraging traders to buy sterling even though most fear the country is headed for a disorderly exit from the EU.
Parliament returns from its summer break next week and is preparing for a battle with Prime Minister Boris Johnson, who has pledged to take Britain out of the European Union on Oct. 31, with or without an exit agreement.
Labour leader Jeremy Corbyn on Tuesday hosted talks with other opposition parties and they agreed to try and stop a no-deal Brexit, including through passing legislation that would force Johnson to seek a delay to Brexit. 1/8nL5N25N3R0
The pound extended its earlier gains after the statement.
Sterling rose more than 0.7% on the day to hit as high as $1.2310, its strongest since July 29, before giving up some of those gains to trade at $1.2259.
The British currency also hit a one-month high versus the euro at 90.17 pence, before steadying at 90.58 pence per euro .
Investors are growing increasingly concerned that Britain is headed towards a no-deal Brexit on Oct. 31 that could disrupt trade flows and weaken the economy, though some also believe the currency has moved too far downwards.
"We are slightly positive on sterling in our portfolios as we think that a hard Brexit is already priced into the markets," said Ugo Lancioni, managing director of global fixed income and currency management at Neuberger Berman.
"Though there is a risk that the pound could fall another 5% from these levels in a knee-jerk reaction to a hard Brexit, these levels are attractive. Also, in the case of a hard Brexit, the (Bank of England) BoE might launch a stimulus package."
Despite Tuesday's moves, many investors are skeptical about the opposition's ability to stop Johnson.
Speculators cut their short positions against the pound in the week to Aug. 23, according to the latest CFTC positioning data, although outstanding shorts - at around $7 billion - remain close to their highest level in more than two years.
"Sterling's limited reaction to the trade tensions tells us the market's focus is clearly on Brexit," UBS global wealth management strategists said in a note on Tuesday, referring to the trade conflict between the United States and China.
"If the global economic outlook turns sour, the Bank of England could have to change tack and join the global central bank easing bandwagon. Thus, we acknowledge that risks have risen of the pound appreciating somewhat less than we forecast."
(Additional reporting by Saikat Chatterjee Editing by Gareth Jones)