An accredited financial and economic news service, specialising in up-to-the-second broadcast reports and headlines
up to the second audio news feed
live press conference feed
fixed income wire service
trading education & tutoring
The U.K. will have to pay a bill of about 50 billion pounds ($62 billion) when it leaves the European Union, Commission President Jean-Claude Juncker warned as British Prime Minister Theresa May prepares to trigger the formal start of the exit process.
While there is no desire to punish Britain for leaving the bloc, the EU must deter other countries from following, the head of the EU’s executive arm told the BBC in an interview broadcast on Friday.
“We have to calculate scientifically what the British commitments were and then the bill has to be paid,” he said. Asked if the bill will be 50 billion pounds, which is about 58 billion euros, Juncker replied: “It’s around that.”
May plans to launch Britain on a two-year process of negotiations to quit the EU on March 29, by triggering Article 50 of the bloc’s Lisbon Treaty. The size of Britain’s exit bill will be among the first -- and most contentious -- topics for discussion, with British ministers indicating they do not believe the U.K. is liable for such a large sum. (Bloomberg – Continue Reading)
By not “winning” with a breakthrough performance, French National Front leader Marine Le Pen was widely considered the loser in this week’s marathon presidential debate among the top five contenders in this spring’s election.
Renegade Socialist Emmanuel Macron, who left the government of President François Hollande and started his own party to run for president, conversely was the winner for not “losing” with any major gaffe or other mishap.
And the snap polls after Monday’s debate declared Macron the “most convincing,” by anywhere from 2 to 10 points.
But as the debate performances sink in, especially among the large pool of undecided voters, opinion polls, where Le Pen and Macron currently trade the top position, may shift. (MarketWatch – Continue Reading)
House GOP leaders are hurtling toward a vote Friday on their embattled health-care bill without knowing for sure whether they have enough support to pass the measure, after yielding to Trump administration demands to act now.
If the high-stakes gamble works and the House manages to pass the Obamacare replacement bill, it will be an important win for President Donald Trump and House Speaker Paul Ryan who have formed an uneasy alliance to repeal the health care law.
But if the measure is blocked, it will be an embarrassing setback that casts doubt on the ability of Trump and Ryan to deliver on their ambitious agenda, including a sweeping tax overhaul and infrastructure package, both of which are being closely watched by Wall Street.
“For those who are on the fence one way or another, it’s a long night of the soul for them,” Representative Tom Cole of Oklahoma said late Thursday. “It’s very much an individual decision now." (Bloomberg – Continue Reading)
Our audience spans the globe, relying on us to filter out the noise to deliver accurate, reliable and timely news
Our journalists and analysts monitor all major newswires, television channels, news websites, blogs and social media platforms for content with market-moving potential. We only broadcast the most relevant news headlines that you need to know. Our analysis and insights rival any of our competitors
We broadcast 24 hours a day from Europe and Asia, Sunday through Friday (except for selected UK holidays). Commentary covers all the main asset classes, including equities, fixed income, FX and commodities