The UK will not pay a 100bn-euro (£84bn) “divorce bill” to leave the EU, Brexit Secretary David Davis has said. He told ITV’s Good Morning Britain the UK would pay what was legally due, in line with its rights and obligations, but “not just what the EU wants”. It comes amid claims by the Financial Times that the settlement sought ... Read More »
MPs have warned about the UK and the EU failing to reach a Brexit agreement, urging the government to work out how much “no deal” would cost. The Brexit committee said ministers’ claim that “no deal is better than a bad deal” was “unsubstantiated” until an economic assessment was published. But the report divided the cross-party committee, with some members ... Read More »
Beijing/Tianjin: China’s finance minister and leading economists on Sunday voiced concerns about Britain’s vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy. The “Brexit” decision “will cast a shadow over the global economy… The repercussions and fallout will emerge in the next five to ... Read More »
Overall, for the Indian IT sector, Bank of America Merrill Lynch sees the earnings of Indian outsourcers to get impacted due to Brexit. More From Market HCL Tech Allots 84,000 Shares Under 2004 Stock Option Plan Rupee Hits 1-Week High Of 67.08, Gains 9 Paise Vedanta Sweetens Terms For Cairn India Merger Cairn India Surges 12% To 52-Week High Federal ... Read More »
IT stocks nosedived on Friday after Britain voted to exit European Union leading to over 10 per cent slump in the British pound against the dollar. The IT sub-index on Bombay Stock Exchange plunged as much as 4 per cent. The pound collapsed to a 31-year low and went into a freefall on Friday after Britain voted to leave the ... Read More »
U.S. stocks rose on Tuesday, led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdued. Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a U.S. hiring ... Read More »
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