Economic News
FX round-up: Early gains in Sterling peter out, euro weakness in focus
Sterling finished the session little changed as traders continued trying to anticipate what the end-game of the whole Bexit process would end up being.
Vestager warns against weakening EU merger rules over Siemens-Alstom case
The European Union’s competition commissioner Margrethe Vestager warned on Monday against weakening merger rules, saying that it was false to argue that it was either necessary or ideal.
London close: Stocks edge higher amid continued Brexit optimism
London stocks edged higher at the start of the week as sterling eased back against the Greenback after the release of weak UK construction data, with sentiment underpinned by growing optimism about a trade deal between the US and China.
Google lashes out at new EU copyright laws and urges Brussels to reconsider
Google urged the European Union to reconsider their latest copyright rules as they could force platforms such as YouTube to pre-preemptively take down content or risk getting sued.
May promises £1.6bn fund for regions ahead of Brexit vote
British Prime Minister Theresa May has unveiled plans to boost UK regions with £1. 6bn of funding in what some MPs have labelled a “bribe” to win support for her Brexit deal.
Brexit talks stumble in Brussels, but optimism flows in City
The government has shifted the focus of its negotiations in Brussels as it struggles to secure a better position ahead of parliament's second meaningful vote on Brexit next week, though optimistic views were emerging in Westminster and the City of London.
Huawei CFO sues Canadian government over arrest
Huawei’s CFO Meng Wanzhou is set to sue the Canadian government, its border agency and the national police force, claiming that she was detained and interrogated before being notified that she was under arrest.
FCA to clamp down on motor finance
The Financial Conduct Authority is considering changing the rules governing car financing, after it discovered that customers are potentially being overcharged by as much as £300m a year.
China-US could sign trade deal 'by end of March'
US President Donald Trump and Chinese counterpart Xi Jinping could sign a final trade deal by the end of the month, according to reports.
Auditors will be forced to challenge company reports, watchdog says
The Financial Reporting Council has called for auditors to do more before signifying off companies as going concerns, following a spate of high-profile accountancy scandals.
Construction activity declines as Brexit uncertainly hits home
The construction sector saw activity fall away in February, data showed on Monday, the first decline for nearly a year, as concerns over Brexit saw clients put projects on hold.