“We have an agreement on the table,”a spokeswoman for the European Commission told reporters, recalling a position expressed by President Jean-Claude Juncker. The European Union’s executive said it would not renegotiate its Brexit agreement sealed with British Prime Minister Theresa May. While the European Union's top court ruled that the British government may unilaterally reverse its decision to leave the bloc, without consulting the other member states.
Commentary:Columnist John Lloyd writes, If Britain’s “Remainers” succeed in their plan for a second referendum on Brexit, “the outcome could be a fast track to a phenomenon the UK has so far avoided – the creation of a large, angry populist party, probably of the right.” Paul Wallace, a former European economics editor and author of "The Euro Experiment." writes that Theresa May has been stomping the length and breadth of the United Kingdom to make the case that her Brexit deal with the European Union is the only way to bring a divided country together. But the prime minister’s claim ignores the real grievance of Leavers.
The growing ranks of stock market Eeyores now have another reason to stay glum: Next year’s profit picture is darkening fast. Corporate earnings forecasts are eroding as the tailwind from the tax cut fades and as investors worry the U.S.-China trade dispute could upend global commerce more than it already has.
The onset of a U.S. recession could take longer than usually thought after key points of the Treasury yield curve invert, as a surge in U.S. short-dated debt issuance has altered the dynamics of the Treasury market and other indicators show an economic downturn is farther off.
The CFO of Chinese telecom giant Huawei Technologies is set to be back in a Canadian courtroom, fighting for her freedom with the help of pressure from Beijing, while prosecutors argue she cannot be trusted.
SoftBank Group is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO - a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor.
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