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EU’s Dombrovskis says Greek pension payout ‘complicated’ review talks

December 18, 2016 by · Leave a Comment 

Greece's decision to give pensioners a one-off bonus has delayed the conclusion of its second bailout review but an agreement can still be reached in the coming months, EU Commission Vice-President Valdis Dombrovskis was quoted as saying on Saturday. Greece angered its lenders this month by announcing it would spend about 600 million euros on a Christmas…

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EU’s Dombrovskis says Greek pension payout ‘complicated’ review talks

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Scotland says to unveil single market Brexit plan this week

December 18, 2016 by · Leave a Comment 

Scotland will publish proposals this week for how it can remain in the European single market after Britain leaves the European Union in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. While the United Kingdom as a whole voted to leave the EU in the June 23 referendum, Scotland strongly backed remaining in the bloc. “In line with …

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Scotland says to unveil single market Brexit plan this week

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

September 16, 2016 by · Leave a Comment 

General Electric Co said it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom's first new nuclear power plant in decades. By approving Hinkley Point on Thursday, the UK government

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

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Bank of England warns on Brexit risks, tightens buy-to-let lending rules

March 29, 2016 by · Leave a Comment 

The Bank of England said on Tuesday that risks around Britain's referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage lending to landlords. The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up. “The outlook for financial stability in the United…

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Bank of England warns on Brexit risks, tightens buy-to-let lending rules