*UK media says May was humiliated by EU leaders. *Tusk says compromise with UK still possible. At a summit in Austria on Thursday, EU leaders rejected May's "Chequers" plan, saying she needed to give ground on trade and customs arrangements for the UK border with Ireland.
BRUSSELS— EU Council President Donald Tusk says compromise "still possible" in Brexit talks with Britain.
*May ups ante with EU after both sides warn of no-deal risks. LONDON, Sept 21- The British pound tumbled two cents against the dollar on Friday and headed for its biggest daily drop this year after Prime Minister Theresa May said Brexit talks with the European Union had reached an impasse and called for new proposals. "Either there is compromise or a no-deal but the...
LONDON, Sept 21- The British pound skidded lower on Friday ahead of a statement from Prime Minister Theresa May on Brexit after European Union leaders rejected her plans. The BBC reported that May was expected to pledge that she would not be changing tack on Brexit. That's why we see a reversal of sterling today, " Sarah Hewin, Chief Economist, Europe, at Standard...
*Currency options build up at $1.27 and $1.34 against sterling. LONDON, Sept 21- As negotiations become fraught before Britain's exit from the European Union in March, tensions of a different kind are surfacing on the currency markets-- derivatives activity is rising sharply as investors bet on a weaker sterling. Hopes of progress on a Brexit deal between London...
*UK media says May was humiliated by EU leaders. LONDON, Sept 21- Prime Minister Theresa May's Brexit proposals were declared dead by the British media on Friday after what they cast as a humiliation at the hands of European Union leaders at an informal summit in Salzburg. After a dinner of Wiener schnitzel in Salzburg, EU leaders said they will push for a Brexit deal...
*Pretax profit 600 mln stg as pricing, growth improves. *Bounce back from 2 bln stg annual loss in 2017. LONDON, Sept 21- Insurance market Lloyd's of London bounced back from a tough 2017 after ditching some loss-making business, although weak investment returns saw first-half pretax profit halve from a year ago.
*Aston aims for $5.3 bln- $6.7 bln valuation. Aston Martin hopes to announce the final price for its stock on or around Oct. 3 and expects it to be admitted to the London Stock Exchange on or around Oct. 8. Carmakers have warned any customs checks and duties that might result from Britain's departure from the European Union next March could slow production and add...
*Aston aims for $5.3 bln- $6.7 bln valuation. Carmakers have warned any customs checks and duties that might result from Britain's departure from the European Union next March could slow production and add costs to an industry that has been one of the country's few manufacturing success stories of recent years. The chief executive of Aston, which builds all its...
BRUSSELS, Sept 20- Britain's finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, in a sign of growing concerns about a disorderly departure from the European Union. He called on the EU Commission to "engage" on preparing plans that could reduce or avoid disruption to the...
COPENHAGEN, Sept 20- Danske Bank faced a new Danish money laundering inquiry on Thursday as political anger spread over a scandal involving 200 billion euros in payments, many of which were suspicious, through Estonia. Chief Executive Thomas Borgen resigned on Wednesday after an investigation commissioned by Danske Bank exposed control and compliance...
LONDON, Sept 20- Sterling rallied on Thursday to two-month highs on forecast beating British retail sales data and growing optimism that Britain and the European Union are making significant progress towards a Brexit deal at an EU leaders summit. In monthly terms, sales rose by 0.3 percent in August from July, the Office for National Statistics said, defying a...
SALZBURG, Austria— Britain and its European Union partners failed on Thursday to secure a breakthrough in Brexit talks, largely because of seemingly intractable divisions over the best way to avoid a hard border on the island of Ireland and how to deal with future trade. All leaders, including British Prime Minister Theresa May, are desperate to solve the...
BRUSSELS— The European Union's consumer protection chief said Thursday she's growing impatient with Facebook's efforts to improve transparency with users about their data, warning it could face sanctions for not complying. EU Consumer Commissioner Vera Jourova turned up the pressure on the social media giant, saying she wants the company to update its...
BUDAPEST, Sept 20- The Hungarian forint eased on Thursday on fading expectations for monetary tightening and a pick-up in European Union financing inflows later this year. The forint underperformed European Union peers, shedding 0.2 percent against the euro by 0833 GMT while Budapest's main stock index fell by 0.7 percent. On the negative side for Hungarian...
*Aston aims for $5.3 bln- $6.7 bln IPO. *Aston aims to complete flotation in October. The boss of Aston, which builds all its cars in Britain, said the company had boosted its stock of engines and components in case free and unfettered trade with the European Union ends in a few months' time.
SALZBURG, Austria, Sept 19- Prime Minister Theresa May appealed directly to fellow European leaders on Wednesday to drop "unacceptable" Brexit demands that she said could rip Britain apart, and urged the bloc to respond in kind to her "serious and workable" plan. EU officials again said Britain had to move its own position over what has become known as the Irish...
EU Competition Commissioner Margrethe Vestager said she wants to examine how Seattle- based Amazon uses data it gathers through transactions, including those involving rival sellers, on its platform. Amazon.com Inc. declined to comment Wednesday. It's the latest move by the European Union to subject big tech companies to increasing scrutiny, amid worries...
BERLIN, Sept 19- Germany will likely have to delay its target of having 1 million electric vehicles on the road by two years to 2022, according to a government-sponsored report. New registrations of electrical vehicles more than doubled in Germany last year, the fastest growth in the world, and there were 131,000 such vehicles registered by the end of 2017,...
*Austria's Kurz says time for Britain to move. EU summit chairman Donald Tusk repeated criticism of her proposals for future customs arrangements and for the border between the British province of Northern Ireland and EU member Ireland, saying these needed to be reworked. Austrian Chancellor Sebastian Kurz said Brussels had moved its position and Britain...
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