Government Bonds Correspondent
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Jul 2, 2015

Cameron asks MPs to mull UK air strikes on IS in Syria

LONDON (Reuters) – Prime Minister David Cameron asked lawmakers to consider whether Britain should join U.S.-led air strikes against Islamic State militants in Syria, but his spokeswoman said he hadn’t yet decided whether to push for a parliamentary vote on the issue.

Britain conducts regular attacks in neighbouring Iraq and flies drones over Syria to gather intelligence on the group. But unlike some other coalition partners it does not target Islamic State positions in Syria as Cameron failed to get the go-ahead from parliament to do that in 2013.

Jul 2, 2015

UK to give English MPs veto powers in parliament

LONDON (Reuters) – English lawmakers will be given a veto in Britain’s parliament over legislation that only impacts England, the government said on Thursday, removing the ability of Scottish lawmakers to have a decisive say on laws that do not affect them.

Decades-old grievances over imbalances in the way laws are made in Britain came to the fore last September after a last-ditch promise to hand powers to Scotland’s devolved parliament helped swing Scottish opinion in favour of keeping the United Kingdom together in a referendum.

Jul 1, 2015

UK weighs more action against IS in Syria after Tunisia attack

LONDON (Reuters) – Britain is considering whether it could and should do more to help defeat Islamic State militants in Syria after a deadly attack in Tunisia last week killed up to 30 of its nationals, a spokeswoman for Prime Minister David Cameron said on Wednesday.

As part of a U.S.-led coalition against IS, Britain conducts regular air strikes in neighboring Iraq and flies drones over Syria to gather intelligence on the militant group.

Jun 30, 2015

UK Labour faces lost decade unless trusted on economy – leader candidate

LONDON, June 30 (Reuters) – Britain’s Labour Party faces a
lost decade out of power unless it can convince voters it can
run the world’s fifth largest economy properly, Labour
leadership candidate Liz Kendall said on Tuesday.

After Prime Minister David Cameron defeated Labour’s Ed
Miliband May 7 election, the opposition party is searching a new
leader as it grapples with the reasons for its worst election
loss since 1987.

Jun 29, 2015

UK slams Argentine plan to seize Falklands oil driller assets

LONDON, June 29 (Reuters) – Britain on Monday accused
Argentina of a politically motivated and illegal attack on the
nascent oil industry around the disputed Falkland Islands, after
Buenos Aires said it would seek to seize the assets of drillers
operating in region.

On Saturday, a federal judge in Tierra del Fuego ordered the
seizure of $156 million in bank accounts, boats and other
property belonging to six European and U.S. oil companies
operating in the islands.

Jun 26, 2015

Greece’s debt battle stirs austerity row in bailout poster-child Ireland

DUBLIN, June 26 (Reuters) – Greece’s bailout battle with
Germany is casting a long shadow in Ireland, dividing political
and public opinion over whether Dublin should stand alongside
Athens as a fellow bailout recipient or push to ensure the
Greeks don’t get an easy ride.

Greece is expected to feature heavily in an upcoming Irish
general election with the centre-right ruling party Fine Gael
already pointing to Greek woes to show it was right to ignore
calls to take a confrontational style with its EU-IMF creditors.

Jun 10, 2015

UK’s Osborne seeks safeguards against EU’s ‘ever closer union’ mantra

LONDON, June 10 (Reuters) – Britain wants a guarantee from
the European Union that it will not be penalised for remaining
outside the euro zone, finance minister George Osborne said on
Wednesday, setting out one key demand in London’s renegotiation
with the bloc.

Britain’s membership of the EU will be put to a referendum
before the end of 2017 once Prime Minister David Cameron and
Osborne, his most senior political ally, have renegotiated the
country’s ties to the bloc.

Jun 9, 2015

Risks for Cameron revealed as MPs take on EU referendum plans

LONDON (Reuters) – Members of Parliament were expected on Tuesday to back Prime Minister David Cameron’s plan for a referendum on Britain’s EU membership, but a contentious debate revealed passions that could split his Conservative Party and re-open Scotland’s bid for independence.

Cameron, seeking to put an end to a decades-old rift within his party over Britain’s place in Europe, has promised to negotiate a new settlement with Brussels and hold a referendum by the end of 2017.

Jun 9, 2015

Risks for Cameron revealed as lawmakers take on EU referendum plans

LONDON (Reuters) – Lawmakers were expected on Tuesday to back Prime Minister David Cameron’s plan for a referendum on Britain’s EU membership, but a contentious debate revealed passions that could split his Conservative Party and re-open Scotland’s bid for independence.

Cameron, seeking to put an end to a decades-old rift within his party over Britain’s place in Europe, has promised to negotiate a new settlement with Brussels and hold a referendum by the end of 2017.

Jun 8, 2015

Swiss biotech Actelion hits record high on potential Shire bid

LONDON (Reuters) – Shares in Actelion (ATLN.VX: Quote, Profile, Research, Stock Buzz), Europe’s biggest biotech company, jumped 10 percent to a record high on Monday after a report Shire (SHP.L: Quote, Profile, Research, Stock Buzz) was considering a $19 billion takeover of the Swiss group to boost its rare diseases business.

Shire, which is based in Ireland but has most operations in the United States, is a serial acquirer in a consolidating healthcare sector, which has seen a record $253 billion of deals so far this year.