Politics Theresa May

  • LONDON, March 18- Britain on Monday reached an a deal with Iceland and Norway to allow trade to continue unchanged if it leaves the European Union without a deal, trade minister Liam Fox said. Britain is seeking to replicate around 40 EU bilateral trade deals ahead of its exit from the bloc. With just 11 days until Britain is due in law to leave the bloc, the government...

  • *Pound falls as parliament bans another vote on same Brexit deal. NEW YORK, March 18- The U.S. dollar was little changed against a basket of currencies on Monday, sticking close to a two-week low, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued. "The Fed will be the big news this week, and the market...

  • *Boeing extends losses as Ethiopia crash data scrutinized. NEW YORK, March 18- Wall Street edged higher on Monday as declines in Boeing and Facebook held gains in check and investors eyed this week's Federal Reserve meeting for affirmation of the central bank's commitment to "patient" monetary policy. The Dow's nominal advance was hindered by Boeing Co, which...

  • *Boeing slides on Ethiopia crash data scrutiny. March 18- U.S. stocks flitted between gains and losses on Monday, with losses in Boeing and Facebook limiting gains while investors waited for the Federal Reserve's policy meeting later this week for further clues on the pace of interest rate hikes. "A lot of it right now is just investors sitting on their hands...

  • LONDON, March 18- Sterling dropped below $1.32 on Monday after the speaker of Britain's parliament said Prime Minister Theresa May's Brexit deal could not be voted on again unless a different proposal was submitted. The move by parliamentary speaker, John Bercow, saw the pound shed half a percent with investors saying it had hurt May's chances of getting her EU...

  • *S&P upgrades Portugal by one notch, rally gathers momentum. Standard& Poor's upgraded Portugal to BBB, allowing Portugal's 10- year bond yield to drop to its lowest in at least 25 years. "Portugal was upgraded but even more important was that Moody's didn't do anything with Italy's rating, despite ongoing headlines," said Sebastian Fellechner, rates strategist at...

  • *FTSE 100 up 0.6 pct. *FTSE 250 down 0.4 pct. March 18- London's FTSE 100 extended its rally on Monday, led by miners including a jump in iron ore futures, while midcaps relinquished gains after a British lawmaker said "a lot of people" in parliament still opposed Theresa May's EU divorce deal.

  • LONDON, March 18- Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. The pan-European STOXX 600 index was up 0.1 percent by midday in London, also hitting a five-month high. Britain's FTSE 100 outperformed its European peers with a nearly 0.7 percent gain at the start of a week...

  • Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017.

    The prospect of Britain leaving the EU without a deal could be "terrific" for emerging markets, according to fund manager Mark Mobius.

  • LONDON, March 18- The pound fell towards $1.32 on Monday as Prime Minister Theresa May tried to salvage her Brexit deal by winning over doubtful lawmakers with threats and promises to avoid any move to oust her. If it is approved, she will ask the European Union for a short extension to the March 29 exit date to get everything in place for Brexit.

  • A trader shows U.S. dollar notes at a currency exchange booth.

    The U.S. dollar was little changed against a basket of currencies on Monday, sticking close to a two-week low, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued.

  • Gold prices rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth boosted demand for the safe-haven bullion.

  • LONDON, March 18- British Prime Minister Theresa May is expected this week to try to persuade parliament to approve her Brexit deal at the third time of asking, before heading to Brussels to request a short delay to the withdrawal process. In three days of high-stakes voting in parliament last week, lawmakers determined that they did not support May's exit deal,...

  • The UK will get a Brexit deal 'one way or another': The Motley Fool

    David Kuo of The Motley Fool Singapore says investors and the U.K. Parliament are suffering from "fatigue" over the Brexit issue. He says he doesn't expect Britain to crash out of Europe.

  • Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany.

    European stocks were slightly higher on Monday, amid mounting speculation the U.S. Federal Reserve could sound decidedly dovish at its policy meeting later this week.

  • SYDNEY, March 18- Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Japan's Nikkei advanced 0.59 percent, and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Shanghai blue chips climbed 1.6 percent and spread betters pointed to modest opening gains for the major European...

  • TOKYO, March 18- The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union. U.S. manufacturing output fell 0.4 percent in February, weakening for a second straight month, while factory...

  • *UK launches pilot trial in Russia, Ukraine, Moldova. ROSS-ON-WYE, England, March 18- For almost 100 years, Chris Chinn's family has farmed asparagus in the rolling hills of the Wye Valley in western England. Asparagus grown in Britain is feted by chefs as among the world's best but the seasonal worker shortage threatens the country's asparagus industry and the...

  • SYDNEY, March 18- Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the U.S. Japan's Nikkei led the way with a rise of 0.7 percent, and MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent. Also expected is more detail on a plan to stop culling the Fed's holdings of nearly $3.8 trillion in bonds.

  • LONDON, March 18- British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday. "Political inaction has already had economic consequences, with many firms hitting the brakes on investment and recruitment decisions,"...