european markets

 
 

Pound hits seven-week high on eve of vital Brexit vote

LONDON, Jan 14 — The British pound today hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said. Sterling bounced as high as…


UK new car sales record biggest fall since financial crisis

LONDON: British new car sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by a slump in demand for diesel, stricter emissions rules and waning consumer confidence due to Brexit, according to an industry body. Demand dropped by nearly 7 per cent last year to 2.37 million […]


UK new car sales slump ahead of Brexit ‘existential threat’

LONDON, Jan 7 — British new car sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by the collapse in demand for diesel, as the industry body warned of the existential threat to the sector posed by Brexit….


Bursa Malaysia higher at opening

KUALA LUMPUR, Jan 7 — Bursa Malaysia strengthened at the opening today, boosted by the positive performance of Wall Street on last Friday, said a dealer.  At 9.25am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 17.01 points…


Gove: No-deal Brexit would hit Britain’s farmers, food firms hard

OXFORD, England, Jan 3 — Britain’s farmers face rising costs if the country leaves the EU without a deal as export tariffs kick in and border inspections slow traffic through ports, Farming and Environment Minister Michael Gove said today. Gove,…


World stocks at one-week highs as Wall Street extends rebound

LONDON, Dec 28 — World stocks rose to one-week highs today and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets. Safe-haven assets were also in demand amid…


European markets slide as global rally falters

LONDON, Dec 27 — Europe’s major stock markets kicked lower today as investors shrugged off bumper Wall Street gains, cashed in recent profits and eyed mounting uncertainties on the horizon of the global economy. Wall Street had roared back to…


Tokyo stocks plunge in Christmas rout

TOKYO, Dec 25 — Tokyo stocks plunged today as the few Asian markets open on Christmas suffered a holiday rout on fears about the US economy and a government shutdown in Washington. Tokyo markets, which were closed yesterday for a national holiday,…


Asia stocks mixed after Mnuchin’s weekend of triage

HONG KONG, Dec 24 — Asian stocks were mixed today after a weekend call by Treasury Secretary Steven Mnuchin to top US banking executives aimed at stemming the market panic which resulted in Wall Street experiencing its worst week in a decade. The…


EU implements Brexit contingency plans

BRUSSELS: The European Union adopted back-up plans to protect essential air transport and finance in the event that Britain leaves the bloc without a Brexit deal in 100 days. And the bloc also promised that British citizens living in Europe would continue to enjoy residents’ rights ‘provided that this approach is reciprocated by the UK’. […]