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September, 1, 2016

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Business > Europe
The pound rose Thursday ahead of a meeting of the Bank of England as it mulls an interest rate cut to counter the fallout from Britain's vote to exit the European Union.
 
Eurozone needs more integration post-Brexit: France
The British exit from the European Union makes deeper integration between eurozone countries even more necessary than before, French Finance Minister Michel Sapin said Tuesday.
 
The Bank of England is mulling whether to cut interest rates for the first time in over seven years to curb economic fallout from Britain's vote to exit the EU.
 
Ireland's economy grew by a barely believable 26.3 percent last year, according to official data published on Tuesday which was largely skewed by companies relocating to Ireland for tax purposes.
 
Eurozone slams Spain and Portugal on deficit
Eurozone finance ministers agreed Monday to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc.
 
UK exit from EU won't affect EU-South Africa trade: Hollande
French President Francois Hollande on Monday assured his visiting South African counterpart Jacob Zuma that the British vote to leave the European Union won't affect economic relations between the EU and his country.
 
Deutsche Boerse, LSE mull rule change
The Frankfurt stock exchange said Monday that it is examining whether to lower a key hurdle for its planned merger with the London Stock Exchange (LSE) to go ahead.
 
The EU trade commissioner said Monday that China has to give European companies the same kind of market access that Chinese companies enjoy in Europe before discussions can start on a bilateral free trade agreement.
 
The Farnborough air show takes off Monday amid turbulence from both Britain's shock EU exit referendum and ultra-low oil prices. The event, held every two years southwest of London, traditionally sees U.S. titan Boeing and Europe's Airbus compete as they unveil their latest multi-billion-dollar orders.
 
The Farnborough air show opens Monday in the face of turbulence from Britain's shock decision to exit the European Union.
 
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