LONDON British Prime Minister Theresa May personally intervened to delay the French and Chinese-backed Hinkley Point nuclear project so she could further consider the deal, a government source said, explaining Friday's shock move.
LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.
SHANGHAI China General Nuclear Power Corp (CGN) on Saturday said it respects the decision of the new British government to review a nuclear power project in which it would hold a major stake, according to a statement on the company's official microblog.
LONDON The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem.
SHANGHAI The European Commission's imposition of heavy anti-dumping duties on Chinese steel bars is "unjustifiable protection for the EU steel industry," the official Xinhua news agency reported, citing a statement from the Ministry of Commerce (MOFCOM).
HONG KONG British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union.
U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.
British car insurance premiums rose less than expected in the three months to end-June compared with the previous quarter, as competition pressures kept growth in check, the AA said on Saturday.
DUBLIN Allied Irish Banks (AIB) said the methodology behind Friday's European Union stress tests that showed it to be the second worst performer among 51 banks did not reflect its current financial performance.
LISBON Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books.