Brexit News Archive: 03 Mar 2017

Mutual understanding key to smoothing Brexit talks

There is perhaps no more difficult a decision than divorce. Britain has embarked on such a process in leaving the European Union, the two-year exit process having been formally triggered with the handing over of a letter to EU Council president Donald Tusk. British Prime Minister Theresa May put on ...
SCMP Editorial / South China Morning Post   |   Fri, 31 Mar 2017 20:06:23

Gibraltar anger as Spain handed veto in Brexit deal

Condition in EU negotiating guidelines presents stumbling block for Theresa May
FT   |   Fri, 31 Mar 2017 18:20:44

EU dangles Spain veto over Gibraltar in Brexit deal

The territory presents some thorny problems for Theresa May
FT   |   Fri, 31 Mar 2017 17:56:23

EU's Brexit guidelines open a path to a deal

Text offers an unvarnished view of what UK will lose, but with wriggle room
FT   |   Fri, 31 Mar 2017 17:12:28

Brexit & Beyond: EU Rules Out Trade Deal Before Divorce, Brexit Wishes Clash with Reality, EU Unity Tested

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS The European Union won't agree to any future trade pact with the U.K. until after Britain leaves ...
MoneyBeat   |   Fri, 31 Mar 2017 16:55:43

Spain given veto over future of Gibraltar after Brexit

The European Union on Friday offered Spain a veto right over the future relationship between Gibraltar and the EU after Britain leaves the bloc, a move that could smooth Brexit talks but also dash Gibraltar's hopes to win a special status. The future of Gibraltar, a rocky British enclave on ...
Reuters / South China Morning Post   |   Fri, 31 Mar 2017 16:44:46

EU offers Spain veto right over Gibraltar in Brexit talks

The European Union today offered Spain a veto right over the future relationship between Gibraltar and the EU after Britain leaves the bloc, a move that could smooth Brexit talks but also dash Gibraltar's hopes to win a special status. The future of Gibraltar, a rocky British enclave on Spain's ...
Alastair Macdonald and Jesús Aguado for Reuters / Times of Malta   |   Fri, 31 Mar 2017 16:29:00

Brexit, Syria, No Visas For Ukraine: EU Week Ahead April 3-7

Brexit continues to dominate the European Union's agenda, with attention turning to the European Parliament which will lay out its red lines for the upcoming negotiations. While the EU parliament does not sit at the actual negotiation table with the U.K., it will have a veto at the end of ...
WSJ Brussels   |   Fri, 31 Mar 2017 16:08:29

Gibraltar outraged that Spain has veto power over its future

MADRID (AP) - Gibraltar expressed outrage Friday at how it said Spain is using the U.K.'s impending departure from the European Union to force renegotiations on the future of Gibraltar, the territory that Spain has been trying to get back from Britain for 300 years.
Associated Press   |   Fri, 31 Mar 2017 15:20:00

Brexit: MPs angered by EU 'veto' over Gibraltar

British sovereignty is non-negotiable, MPs say, as the EU suggests Spain has a say on future arrangements.
BBC   |   Fri, 31 Mar 2017 14:26:55

No EU-UK deal will apply to Gibraltar without agreement from Spain

European guidelines to the Brexit negotiations specifically mention the disputed territory and provide backing to Spanish demands for bilateral talks with London
Javier Casqueiro, Lucía Abellán / EL PAÍS   |   Fri, 31 Mar 2017 14:07:13

EU wants to solve divorce before fall talks on UK's future

BRUSSELS (AP) - The European Union on Friday raised the possibility of starting general talks on Britain's future relationship with the bloc as early as the fall if decisive progress is made on key parts of the divorce proceedings - a move that grants some of the British prime minister's ...
Associated Press   |   Fri, 31 Mar 2017 13:08:00

Spain has the power to veto any Brexit deal that involves Gibraltar

LONDON - The Spanish government will have the power to block any Brexit deal involving the British overseas territory of Gibraltar. In a major diplomatic victory for Madrid, the EU's draft guidelines for Brexit talks with Britain state that any divorce deal that applies to Gibraltar will require the approval ...
Business Insider   |   Fri, 31 Mar 2017 11:59:19

On It’s Divorce First, Trade Talks Later, E.U. Tells U.K.

Brussels has long insisted that Britain must reach a deal on its withdrawal before making any agreement on access to the single market.
JAMES KANTER / NY Times   |   Fri, 31 Mar 2017 11:35:46

Canada, Britain hold 'informal' trade talks ahead of Brexit

Britain warned against any unilateral action, including trade talks, before it formalizes its departure
Mike Blanchfield / Globe and Mail   |   Fri, 31 Mar 2017 11:26:25

Outrage as Spain and EU accused of using Brexit to take back Gibraltar, as MPs say Britain will 'not be bullied'

Steven Swinford / Telegraph   |   Fri, 31 Mar 2017 11:25:05

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA)

Here is what you need to know. The EU publishes its plan for Brexit talks. The EU says discussions will take place in three phases: 1) The settlement of key questions regarding Britain's exit 2) Talks about future trade deals 3) Negotiations for a possible transitional agreement. South Africa's finance ...
Business Insider   |   Fri, 31 Mar 2017 10:53:00

The EU's draft Brexit guidelines look anything but punitive

Open Europe's Vincenzo Scarpetta gives his initial take on the first draft of the EU's guidelines for the upcoming Brexit negotiations. The post The EU's draft Brexit guidelines look anything but punitive appeared first on Open Europe .
Open Europe   |   Fri, 31 Mar 2017 10:33:07

EU: Settle Brexit items, then hold fall talks on UK's future

BRUSSELS (AP) - The European Union on Friday raised the possibility of starting general talks on Britain's future relationship with the bloc as early as the fall if decisive progress is made on key parts of the divorce proceedings - a move that grants some of the British prime minister's ...
Associated Press   |   Fri, 31 Mar 2017 10:19:00

EU unveils draft guidelines for big Brexit talks

The EU has unveiled its plans for negotiating the big Brexit, after the UK formally filed for a divorce.
euronews   |   Fri, 31 Mar 2017 10:18:25

Nigel Farage Bonds With Donald Trump

British politician NIgelFarage, who campaigned for Brexit and for Donald Trump last year, has become a regular presence in the president's orbit, offering counsel and comparing notes.
WSJ   |   Fri, 31 Mar 2017 10:10:24

EU Rules Out U.K. Trade Deal Before Brexit Is Finalized

The European Union won't agree to any future trade pact with the U.K. until after Britain leaves the bloc and will look to set tight conditions on a divorce deal, according to a draft of the bloc's negotiating guidelines.
WSJ   |   Fri, 31 Mar 2017 09:00:41

EU: Ready to open trade talks with UK before Brexit

Reuters reports latest draft guidelines from the European Union (EU), noting that EU is ready to begin trade talks before Brexit. Main Points: Ready
Dhwani Mehta / FX Street   |   Fri, 31 Mar 2017 08:53:57

EU: Fix key UK Brexit items 1st, then fall talks on future

BRUSSELS (AP) - The European Union on Friday raised the possibility of starting general talks on Britain's future relationship with the bloc as early as the fall if quick progress is made on key parts of the divorce proceedings - a move that grants some of the wishes of British ...
Associated Press   |   Fri, 31 Mar 2017 08:47:00

In full: The EU's draft guidelines for Brexit negotiations

Telegraph   |   Fri, 31 Mar 2017 08:46:35

Brexit: EU to talk trade before final divorce

The European Union has set out its draft negotiating position on Brexit -- and it offers the possibility that trade talks could begin before the UK leaves the bloc.
CNN   |   Fri, 31 Mar 2017 08:24:04

EU offers pre-Brexit trade talks, tough on transition

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued show. As part of a "phased approach", Britain would just have to show "sufficient progress" on its divorce settlement in a ...
Times of Malta   |   Fri, 31 Mar 2017 08:18:00

Brexit made Britain's house prices fall for the first time in two years

LONDON - Britain's house prices are falling month-on-month for the first time since June 2015, according to Nationwide's March House Price Index, as Brexit-induced inflation begins to weaken buyer sentiment. House prices fell by 0.3% in the month, after taking account of seasonal effects, and the annual rate of house ...
Business Insider   |   Fri, 31 Mar 2017 08:07:24

The EU publishes its official plan for Brexit talks

LONDON - European Council President Donald Tusk has published a letter outlining how the European Union will approach Brexit talks with Britain. In the letter sent to UK government and the other 27 member states, Tusk says discussions over a long-term UK-EU trade deal could begin once "sufficient progress" has ...
Business Insider   |   Fri, 31 Mar 2017 08:03:04

UK EU Trade Talks Could Take Place Before Final Divorce Terms Agreed

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show. As part of a "phased approach", Britain would just have to show "sufficient progress" on its divorce settlement ...
OANDA   |   Fri, 31 Mar 2017 07:54:01

EU stands firm on Brexit plan; no trade deal before the divorce

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show.
CNBC   |   Fri, 31 Mar 2017 07:53:00

Sturgeon Demands Second Referendum in Letter

Scottish First Minister Nicola Sturgeon has written to Prime Minister Theresa May formally demanding that she allow a second referendum to be held on Scottish independence ahead of the United Kingdom's exit from the European Union. The results of the June Brexit referendum called the country's future into question because ...
OANDA   |   Fri, 31 Mar 2017 07:41:31

EU draws up tough stance on Brexit transition deal

Initial Brussels guidelines prioritise withdrawal terms over future relations
FT   |   Fri, 31 Mar 2017 07:31:24

JPMorgan is in talks to buy a Dublin office that can hold 1,000 people

LONDON - JPMorgan looks close to choosing Dublin, Republic of Ireland, as its post-Brexit European Union base. The investment bank is in talks to buy a Dublin office building that can hold up to 1,000 people, as first reported by Bloomberg. However, the bank said in a statement to Bloomberg: ...
Business Insider   |   Fri, 31 Mar 2017 07:14:05

Donald Tusk to set out negotiation guidelines as European leaders reject Theresa May's Brexit timetable

Laura Hughes / Telegraph   |   Fri, 31 Mar 2017 07:00:52

JP Morgan in talks to buy Dublin building that could hold 1,000 staff

JP Morgan is in talks to buy an office building in Dublin big enough to hold more than 1,000 workers, increasing speculation that it will move jobs from London as a result of Brexit.
Here Is The City   |   Fri, 31 Mar 2017 06:22:51

Britain needs to put banks and professional services at the heart of Brexit trade talks

LONDON - The services industry - everything from banking, architecture, IT, and management consultancy - is arguably the most important part of Britain's economy because it makes up nearly 80% of GDP. Services are even a bigger growth area than goods. For these two reasons Britain's government should concentrate on ...
Business Insider   |   Fri, 31 Mar 2017 06:00:00

The Latest: EU official says 2 years not enough for Brexit

BRUSSELS (AP) - The Latest on Brexit (all times local):
Associated Press   |   Fri, 31 Mar 2017 05:45:00

European Union lays out draft Brexit guidelines

The United Kingdom formally began its exit from the EU on Wednesday.
USA Today   |   Fri, 31 Mar 2017 05:28:40

The Latest: Tusk says EU rules out parallel talks on Brexit

BRUSSELS (AP) - The Latest on Brexit (all times local):
Associated Press   |   Fri, 31 Mar 2017 04:20:00

Brexit: EU's Tusk to issue negotiation guidelines

The draft proposals will be sent to the 27 nations that will remain in the EU once the UK has left.
BBC   |   Fri, 31 Mar 2017 01:37:30

Child Calls Out Nigel Farage Over His Immigration Stance On Live British TV

British politician and Brexit leader Nigel Farage was sweetly knighted and then swiftly dissed when a young girl called him out on live television. During a fun segment on the U.K. show " Sam Delaney's News Thing ," Farage was jokingly tapped with a plastic sword by a girl wearing ...
Huffington Post   |   Fri, 3 Mar 2017 22:26:27

Alabama theater will not show 'Beauty and the Beast' because of gay story line

Today in Entertainment: Patrick Stewart seeking U.S. citizenship; Cheryl Boone Isaacs addresses Academy March 3, 2017, 2:05 p.m. Here's what's new and interesting in entertainment and the arts: Patrick Stewart seeking U.S. citizenship to "fight" Brexit and Trump Cheryl Boone Isaacs addresses Academy...
Money & Company   |   Fri, 3 Mar 2017 22:05:00

CBI Chief Drechsler Warns Of Pandora's Box Of Brexit Without Trade Deal

And don't forget what was the last thing out of Pandora's Box - hope, the thing which more than compensates for all of the rest.
Tim Worstall, Contributor / Forbes   |   Fri, 3 Mar 2017 09:20:00

WSJ City: LSE Lifts Dividend, Snap's Wall Street Winner, 'Challenger' Banks Eye Brexit Boost

Good morning from London. Here's essential reading today from WSJ City. WSJ City is the app that delivers fast, smart news for mobile and for London. Be the first with high-value stories. Just download for iPhone or Android on your mobile and let us keep you in the loop from ...
MoneyBeat   |   Fri, 3 Mar 2017 08:02:17

Britain's 'City minister' sidelined from role in Brexit

Britain has sidelined the minister responsible for financial services from addressing the impact on the sector of leaving the EU, a shakeup that a senior bank executive called a "vote of no confidence" in the industry's main government contact. Lucy Neville-Rolfe, commercial secretary at the Treasury, has had Brexit's impact ...
Reuters / Times of Malta   |   Fri, 3 Mar 2017 06:13:00

CBI chief warns against 'no deal' Brexit

The CBI says firms in the UK and Europe fear the Brexit scenario.
BBC   |   Thu, 2 Mar 2017 20:52:43

Brexit Without a Trade Deal Would Open Pandora's Box CBI President Says

Plunging out of the European Union in two years without a new trade deal would open up a Pandora's box for Britain's businesses, Paul Drechsler, the president of CBI, has warned. As Theresa May prepares to trigger the formal talks process for leaving the EU, Drechsler used a speech at ...
OANDA   |   Thu, 2 Mar 2017 19:44:48

Brexit & Beyond: Eurozone Inflation Finally Above Target, the Economics of Nationalism, Betting on 'Frexit'

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS The annual rate of inflation in the eurozone rose above the ECB's target for the first time ...
MoneyBeat   |   Thu, 2 Mar 2017 19:20:09

Le Pen declares France will leave the EU in wake of Brexit

Saying that France has been "pillaged by the neo-liberal global economic order," French presidential candidate Marine Le Pen promised Thursday she'd give the country control back over its currency, debt and trade policy. In a speech in Paris laying out her economic policies, the far-right National Front candidate paid tribute ...
Bloomberg / South China Morning Post   |   Thu, 2 Mar 2017 19:01:26

Brexit without trade deal would open Pandora's box, says CBI chief

Paul Drechsler says up to 90% of UK exports to EU would be hit by export tariffs or non-tariff barriers if no deal is agreed Plunging out of the European Union in two years without a new trade deal would open up a Pandora's box for Britain's businesses, Paul Drechsler, ...
Heather Stewart Political editor / Guardian   |   Thu, 2 Mar 2017 18:25:49

Brexit: Despite defeat, May set to trigger Article 50 before end of March - Danske Bank

According to analysts from Danske Bank, UK PM, Theresa May, could still trigger the Article 50 before 'end of March' despite defeat in House of...
Matías Salord / FX Street   |   Thu, 2 Mar 2017 15:36:15

May confident over Brexit bill despite Lords defeat

Prime minister's position is more comfortable than it seems
FT   |   Thu, 2 Mar 2017 13:16:01

UK Will Trigger Article 50 This Month

Britain remains on track to trigger the legal process for leaving the European Union by the end of March despite a setback in the House of Lords, Brexit minister David Davis said on Thursday. "The process is on track. The most important thing is that we'll conclude in time to ...
OANDA   |   Thu, 2 Mar 2017 12:59:18

Deutsche Telekom pushed to Q4 loss by BT charge

Brexit vote, fall in sterling and collapse in UK group's shares blamed for write-off
FT   |   Thu, 2 Mar 2017 08:35:59

RPT-UPDATE 2-Britain's 'City minister' sidelined from role in Brexit

*Lucy Neville-Rolfe handed new Brexit role. LONDON, March 1- Britain has sidelined the minister responsible for financial services from addressing the impact on the sector of leaving the EU, a shakeup that a senior bank executive called a "vote of no confidence" in the industry's main government contact. The new ...
CNBC   |   Thu, 2 Mar 2017 07:41:00

May is planning to trigger Article 50 in 2 weeks despite the Brexit bill defeat in the House of Lords

LONDON - Prime Minister Theresa May sticking to her plan to trigger Article 50 in two weeks time despite a major defeat from the House of Lords on the rights of EU citizens to live and work in the UK post-Brexit. Triggering Article 50 will start the formal two-year negotiation ...
Business Insider   |   Thu, 2 Mar 2017 07:36:35

GBP/USD sidelined below 1.2300, Brexit weighs

The Sterling is prolonging its weekly bearish note on Thursday, dragging GBP/USD to test fresh lows in sub-1.2300 levels. GBP/USD weaker on Brexit, d
Pablo Piovano / FX Street   |   Thu, 2 Mar 2017 06:57:49

Theresa May plans to trigger Brexit in two weeks despite defeat by 'posturing' Lords over rights of EU citizens

Gordon Rayner / Telegraph   |   Thu, 2 Mar 2017 06:36:47

Live: Pelosi says Sessions lied about Russia, calls on him to resign

Our live blog is tracking reaction to reports that Jeff Sessions lied under oath about meetings with Russian officials.
CNBC   |   Thu, 2 Mar 2017 05:51:00

London to remain a 'magnet for global superrich despite Brexit'

The global super-rich will continue to flock to London despite the UK's decision to leave the EU, according to a report by property consultants Knight Frank.
Here Is The City   |   Thu, 2 Mar 2017 05:16:15

House of Lords delivers Brexit setback to UK government, by supporting EU citizens' rights

Britain's unelected House of Lords on Wednesday handed the government a stinging - though likely temporary - defeat on its plans to leave the European Union, resolving that EU citizens should be promised the right to stay in the UK after it quits the bloc. By a vote of 358 ...
Associated Press / South China Morning Post   |   Thu, 2 Mar 2017 00:55:22

Brexit News Archive: 03 Mar 2017     |     enquire