Politics Theresa May

  • *OPEC- led supply cuts have supported crude prices. *Surging U.S. stocks may undermine OPEC efforts. The forecast could undermine oil markets which have been receiving support from supply cuts by the Organization of the Petroleum Exporting Countries, including top exporter Saudi Arabia, and major non- OPEC producer Russia.

  • LONDON, Jan 16- World equity markets on Wednesday held their nerve after the heavy parliamentary defeat of British Prime Minister Theresa May's Brexit deal as investors saw potential for legislative deadlock forcing London to delay its departure from the EU. May's government faces a no confidence vote at 1900 GMT after the shattering rejection of her Brexit...

  • LONDON, Jan 16- Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave. The confidence motion, called by opposition Labour Party leader Jeremy Corbyn after lawmakers...

  • *UK PM May loses historic vote, no-confidence motion called. LONDON, Jan 16- The euro hit a seven-week low against the pound and fell against the dollar on Wednesday, pushed lower by worries about the euro zone economy while sterling was strong ahead of a no-confidence vote on British Prime Minister Theresa May's government. May faced the vote on Wednesday after a...

  • LONDON, Jan 16- The British government and UK politics have rarely been in a more shambolic state, but Brexit chaos may not be the disaster for sterling you might think. The Bank of England won't raise rates this year either, and will only hike a quarter of a percentage point by August next year, according to money market pricing. Prime Minister Theresa May suffered...

  • UK Prime Minister Theresa May leaves Downing Street ahead of a vote of no confidence in her government.

    Should Theresa May's administration lose the vote the likelihood of a general election rises sharply.

  • gold bars

    Gold held steady on Wednesday as caution set in ahead of a no-confidence vote on British Prime Minister Theresa May's government.

  • *Italy sells 10 bln euros in its biggest bond deal. LONDON, Jan 16- Italy's bond yields tumbled on Wednesday after record demand for a new 15- year bond a day earlier, while a selloff in UK gilts after a hefty parliamentary defeat for Prime Minister Theresa May's Brexit plans hurt broader euro zone debt markets. Italy raised 10 billion euros in its biggest ever...

  • LONDON, Jan 16- Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave. The confidence motion, called by opposition Labour Party leader Jeremy Corbyn after lawmakers...

  • *Spot gold in neutral $1,285- $1,299 range- technicals. Gold seems to be finding a hurdle at $1,300, said Commerzbank analyst Carsten Fritsch, adding that physical demand for gold coins had picked up in Britain, aided by Brexit uncertainty. British opposition Labour Party leader Jeremy Corbyn called a vote of no confidence in May's government, to be held at 1900 GMT,...

  • BUDAPEST, Jan 16- Central European government bond yields rose on Wednesday due to a shake-up of positions after British Prime Minister Theresa May's plan for an orderly exit from the European Union collapsed in parliament on Tuesday. A disorderly British exit from the EU may hurt the region's trade, with Poland most exposed. A sharp retreat in inflation in...

  • *FTSE 100 down 0.5 pct; midcaps up 0.1 pct. LONDON, Jan 16- Britain's blue chip stocks were lower on Wednesday as a stronger pound lured investors toward domestic companies and away from exporters after Prime Minister Theresa May's heavy Brexit defeat, while weak results weighed on Pearson. The top share index was down 0.5 percent at 1054 GMT, lagging European peers...

  • LONDON, Jan 16- The pound held at a two-month high against the euro on Wednesday as markets looked towards a no-confidence motion against Prime Minister Theresa May's government, a day after British lawmakers overwhelmingly defeated her Brexit divorce deal. With the 230- vote margin far more than markets were anticipating, the pound gained, particularly...

  • FRANKFURT, Jan 16- German carmakers on Wednesday warned of fatal consequences if Britain left the European Union without a divorce deal, predicting job losses in Britain and Europe and urging lawmakers to redouble efforts to ensure tariff-free trade can continue. Britain would suffer most if it lost free trade with European markets since 80 percent of...

  • *OPEC- led supply cuts support crude prices. *Surging U.S. stocks may undermine OPEC efforts. LONDON, Jan 16- Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that OPEC- led production cuts will tighten supply and that possible Chinese stimulus might help the global economy.

  • Jan 16- A six-year run of marketing spending growth at British companies ended in the final quarter of 2018 as uncertainty over Britain's impending exit from the European Union led companies to clamp down on costs, a survey showed on Wednesday. British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday,...

  • *UK parliament deals crushing blow to Brexit deal. *UK housebuilders climb on hopes no-deal Brexit less likely. "There's still quite a lot of uncertainty... a hard exit is a lower probability risk than it was but I don't think we can completely discount it," said Caroline Simmons, deputy head of the UK investment office for UBS Global Wealth Management.

  • Traders and financial professionals work ahead of the opening bell on the floor of the New York Stock Exchange (NYSE), January 14, 2019 in New York City.

    U.S. government debt prices were lower on Wednesday as traders digested news of the defeat of U.K. Prime Minister Theresa May's Brexit deal.

  • *Russia's rouble gains 0.5 percent, oil rises. Jan 16- Most emerging market currencies firmed against the dollar on Wednesday, with Turkey's lira strengthening ahead of a central bank rate decision, while stocks in the developing world notched a six-week peak. Turkey's central bank sets borrowing costs later in the day, with a Reuters poll predicting the key rate...

  • *MSCI's Asia-Pacific ex- Japan index little changed. LONDON, Jan 16- World equity markets on Wednesday rode out the heavy parliamentary defeat for British Prime Minister Theresa May's Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU. May's government faces a no confidence vote on Wednesday...