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Transatlantic News
Transatlantic News
04
Feb
By Hadas Gold, CNN Business
February 4, 2019
London (CNN Business)- Companies in the United Kingdom are spending less and scaling back plans because of Brexit fears that have pushed business confidence to its lowest level in a decade.
The dire outlook was revealed Monday in surveys published by Deloitte and the Institute of Chartered Accountants in England and Wales.
Deloitte found that chief financial officers have adopted their "most defensive strategy stance in nine years." Revenue growth expectations have dropped to their lowest level...
01
Feb
LONDON (Reuters) - The European Union’s markets watchdog said it has approved an agreement on supervisory cooperation with Britain after Brexit to avoid disruption to cross-border financial services like asset management.
“The board agreed in substance the Memorandum of Understanding and will provide more detail shortly,” a spokesman for the European Securities and Markets Authority (ESMA) said on Thursday.
The MoU was negotiated with Britain’s Financial Conduct Authority (FCA) to ensure that regulators in the bloc and London agree to exchange...
31
Jan
Jerome H. Powell, the Federal Reserve chairman /Getty Images
By Binyamin Appelbaum, New York Times
Jan. 30, 2019
WASHINGTON — In suspending its previous plans to continue raising rates this year, the Federal Reserve signaled that its march toward higher interest rates may be ending sooner than expected.
The Fed’s chairman, Jerome H. Powell, said economic growth remained “solid” and the central bank expected growth to continue. But in a sharp reversal of the Fed’s stance just six week ago, Mr. Powell said the...
30
Jan
Brussels, 30 January 2019
Speech by President Jean-Claude Juncker
Mr. President,
Honourable Members,
In less than 60 days, the United Kingdom is due to leave the European Union. This is a bad decision, as I find.
Even as the Commission has defended the interests of the European Union, this spirit of respect and friendship has accompanied us at every step in these negotiations. The Withdrawal Agreement and Political Declaration agreed by all 27 Leaders and the United Kingdom government is the result of that....
30
Jan
Brussels, 30 January 2019
The European Commission has today published a report on the implementation of the 25 July 2018 Joint Statement agreed by Presidents Juncker and Trump.
In line with the Commission's commitment to transparency, the report provides a detailed overview on the state of play of the talks so far. The document was sent today to the European Parliament and Member States.
The Joint Statement launched a new phase in EU-U.S. trade relations, preventing an escalation in trade tensions and setting out...
29
Jan
By Charlie Cooper, Politico 1/29/2019
LONDON — MPs opted not to back an attempt by backbenchers to remove the threat of a no-deal Brexit on March 29 in a key vote in the U.K.'s House of Commons. A proposal put down by Labour MP Yvette Cooper that aims to force the government to delay Brexit day was backed by 298 MPs with 321 voting against — a deficit of 23.
The amendment, which was opposed by the government, would have carved out...
28
Jan
The Office of the U.S. Trade Representative (USTR) will hold a public hearing from 9:30 AM – 4:00 PM EST on January 29, 2019 regarding a proposed United States-United Kingdom Trade Agreement, including U.S. interests and priorities in order to develop U.S. negotiating positions.
The hearing will take place in the USTR Annex Building, Rooms 1 and 2, 1724 F Street NW, Washington, DC 20006.
The hearing is a part of the public notice and comment process following USTR’s notification to...
25
Jan
David O’Sullivan, the European Union’s Ambassador to the U.S., talks about the EU's deals with its trading partners, the spat between the U.S. and China, and the World Trade Organization's rules. He also discusses the prospects for the Brexit negotiations with Shery Ahn on "Bloomberg Daybreak: Australia."
Compliments of Bloomberg
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