Monthly Archives: September 2019

Oil Jumps Most on Record After Attack Cuts Saudi Arabian Supply – Bloomberg

Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.

• Attack on Saudi Leaves World Without Spare Oil Capacity – Reuters
• Saudi Arabia Aims to Restore a Third of Lost Oil Output Monday – Wall Street Journal
• Saudi Attack Likely Originated in Iran or Iraq, Senior US Official Says – CNN

ECB Cuts Rates and Tells Governments to Act – Financial Times

The European Central Bank has announced its biggest package of rate cuts and economic stimulus in three years as President Mario Draghi warned governments that they needed to act quickly to revive flagging eurozone growth.

• Euro Gains After ECB Stimulus Disappoints – Reuters
• Draghi’s Divided ECB Leaves Markets Hoping for Government Action – Bloomberg
• Why the ECB’s ‘QE Infinity’ May Have Stolen the Future – Financial Times
• Denmark’s Central Bank Cuts Key Interest Rate to Historic Low – Reuters

London Stock Exchange Poised to Reject £32bn Hong Kong Bid – Financial Times

The Hong Kong bourse’s audacious £32bn bid for the London Stock Exchange faces rejection amid doubts about political risk and deal structure, according to people briefed on the offer.

Deal or No-Deal, Brexit’s Puppet Master has More Strings to Pull –Reuters

Boxed in by parliament, British Prime Minister Boris Johnson’s next move on the Brexit chessboard will most likely be played with the ruthless bravura that his senior adviser, Dominic Cummings, built his reputation on.

• Brussels Senses Johnson Shift on Northern Ireland-Only Backstop – Financial Times
• Could Boris Johnson Have the Answer to Solve the Brexit Deadlock? – Daily Telegraph
• Irish PM’s Ally to Get Key Post-Brexit Role as EU Trade Commissioner – The Guardian

MPs Stop Johnson from Calling October Election – The Times

The next UK general election will not take place before the Brexit deadline of October 31 after Boris Johnson pushed ahead with his historic suspension of parliament.

• PM Johnson Tells Parliament – You Can Tie My Hands, But I Will Not Delay Brexit – Reuters
• UK Refuses to Publish Details of Legal Advice on Divorce Bill in No-Deal Brexit – Reuters

Johnson Draws Up Plan to Legally Stop Brexit Extension – Daily Telegraph

Boris Johnson has drawn up plans to “sabotage” any Brexit extension without breaking the law, the Telegraph has learnt.

• With the UK in Turmoil, Brexit Talks are Slipping Backward – Bloomberg
• Rudd Quits UK Government Blaming Brexit Inaction – BBC

No UK Election Until Brexit is Delayed – The Times

Boris Johnson’s prospects of securing an election are fading after Jeremy Corbyn and the SNP agreed to block any poll until the prime minister has secured an extension to the Brexit deadline.

• PM: I’d Rather be Dead in Ditch than Delay Brexit – BBC
• UK PM Johnson’s Brother Quits Parliament – Reuters

Johnson Defeated in No-Deal Brexit and Election Votes – Financial Times

Humiliating setbacks leave UK prime minister ‘hostage’ in Downing Street.

• Pressure on Prime Minister as Party Anger Grows Over Purge – The Times
• Labour Eyes No-Confidence Move Next Week – Financial Times
• How Britain’s Staid Conservative Party Became a Radical Insurgency – The Economist
• Sterling Rallies as UK Lawmakers Take Steps to Block No-Deal Brexit – Reuters

Brexit: Boris Johnson Defeated as MPs Take Control – BBC

Tory rebels and opposition MPs have defeated the government in the first stage of their attempt to pass a law designed to prevent a no-deal Brexit.

• What Next After Crushing Tory Defeat on No-Deal Brexit? – Financial Times
• UK PM Johnson’s Statement After Brexit Defeat in Parliament – Reuters
• Conservatives Who Voted Against Government Will be Expelled from Party: Spokesman – Reuters
• Sterling Steadies After Crucial Brexit Vote – Financial Times

Johnson Plans General Election for October 14 if MPs Seize Control of Brexit – Daily Telegraph

Boris Johnson will hold a snap general election on Monday, Oct 14, if Parliament votes to seize control of Brexit from him on Tuesday.

• Rebels Reveal Plan for New Brexit Delay if Johnson Fails to Secure Deal – The Times
• Johnson Faces Electoral Gamble Despite Poll Lead – Financial Times
• Euro. Sterling on Backfoot as Political Turmoil Dogs Brexit Process – Reuters