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Hammond seeks 'pragmatic' Brexit

LUXEMBOURG Chancellor of the Exchequer Philip Hammond said Britain should adopt a pragmatic approach to Brexit negotiations which begin on Monday, striking a different tone to Prime Minister Theresa May who has threatened to leave the EU without a deal if necessary.

Recent Business News

Takata would stop making air-bag inflators under new plan - sources

TOKYO Japan's Takata Corp , facing bankruptcy over the biggest recall in automotive history, would stop making air-bag inflators after completing a global recall, under a restructuring plan under consideration by its steering committee, sources told Reuters on Friday.

Japan 16 Jun 2017

Hammond, Carney to deliver delayed speeches on Tuesday

LONDON Bank of England Governor Mark Carney and Chancellor of the Exchequer Philip Hammond will deliver speeches on Tuesday that were originally intended to be given at this week's Mansion House dinner, the BoE and the Treasury said on Friday.

16 Jun 2017

China's CALC joins line-up for Boeing 737 MAX 10 - sources

PARIS China Aircraft Leasing Group Holdings (CALC) is among the inaugural customers for a larger new version of Boeing's 737 jetliner, two industry sources said on Saturday.

Aerospace & Defence 10:52am BST

Iran sees gas deal with Total within weeks - minister

DUBAI Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday.

11:20am BST

Weak inflation erodes conviction at Fed on rate hikes

DALLAS/WASHINGTON When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transitory. Fed officials on Friday signalled that doubts are simmering.

16 Jun 2017

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