SINGAPORE (AP) — Share prices in Europe and Asia were mostly higher on Wednesday before a European Union meeting seeking to resolve an impasse over an exit deal for Britain's departure from the bloc.KEEPING SCORE: France's CAC 40 added 0.2 percent to 5,183.04 and Britain's FTSE 100 rose 0.3 percent to 7,078.53. Germany's DAX shed 0.3 percent to 11,744.76. U.S. shares were set to open lower as the Dow future contract dropped 0.2 percent to 25,744.00. The broader S&P 500 futures lost 0.1 percent to 2,813.80.ASIA'S DAY: Japan's benchmark Nikkei 225 jumped 1.3 percent to 22,841.12. The Kospi in South Korea advanced 1.0 percent to 2,167.51. The Shanghai Composite rose 0.6 percent to 2,561.61. Australia's S&P/ASX 200 gained 1.2 percent to 5,939.10. Shares were flat in Taiwan but rose in Thailand, Indonesia and Singapore. Markets in Hong Kong were closed for a holiday.EU SUMMIT: EU leaders are to meet Wednesday to discuss Britain's exit from the bloc, although a deal is unlikely … [Read more...] about World shares mostly higher before EU meets to discuss Brexit
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The Latest: EU could extend UK’s post-Brexit transition
BRUSSELS -- The Latest on Britain's upcoming exit from the European Union (all times local): 1:50 p.m. Ireland's foreign minister says the European Union is open to extending Britain's post-Brexit transition period so that a permanent solution can be found to the Irish border problem.Under current proposals, Britain will remain inside EU rules from the time it leaves the bloc in March until December 2020, to give time for new trade relations to be set up.Many suspect that will not be enough time, which has led the EU to demand a "backstop" to ensure there are no customs posts or other controls along the border between the U.K.'s Northern Ireland and EU member Ireland. Disagreement over the backstop has brought divorce negotiations to a standstill.Irish Foreign Minister Simon Coveney said Wednesday that EU chief negotiator Michel Barnier had suggested "more time in the transition period to agree an alternative solution to a backstop."___1:50 p.m.German Chancellor Angela Merkel says … [Read more...] about The Latest: EU could extend UK’s post-Brexit transition
The Latest: EU plays down US trade offer to Britain
Updated 4:05 am PDT, Wednesday, October 17, 2018 Britain's Prime Minister Theresa May addresses the House of Commons, London, with an update on the latest developments in the Brexit negotiations, Monday Oct. 15, 2018. (PA via AP) Britain's Prime Minister Theresa May addresses the House of Commons, London, with an update on the latest developments in the Brexit negotiations, Monday Oct. 15, 2018. (PA via AP) Photo: PA, AP A pro-EU demonstrator holds up an EU flag to oncoming traffic outside the Palace of Westminster as the British government holds a cabinet meeting on Brexit inside 10 Downing Street, London, Tuesday, Oct. 16, 2018. The Brexit agreement must be sealed in the coming weeks to leave enough time for relevant parliaments to ratify it, but talks continue, particularly over how to ensure no physical border dividing the UK from Northern Ireland and the EU member state of Ireland. less A pro-EU … [Read more...] about The Latest: EU plays down US trade offer to Britain
EU leaders gather for ‘moment of truth’ Brexit summit
Updated 3:08 am CDT, Wednesday, October 17, 2018 Britain's Prime Minister Theresa May addresses the House of Commons, London, with an update on the latest developments in the Brexit negotiations, Monday Oct. 15, 2018. (PA via AP) Britain's Prime Minister Theresa May addresses the House of Commons, London, with an update on the latest developments in the Brexit negotiations, Monday Oct. 15, 2018. (PA via AP) Photo: PA, AP A pro-EU demonstrator holds up an EU flag to oncoming traffic outside the Palace of Westminster as the British government holds a cabinet meeting on Brexit inside 10 Downing Street, London, Tuesday, Oct. 16, 2018. The Brexit agreement must be sealed in the coming weeks to leave enough time for relevant parliaments to ratify it, but talks continue, particularly over how to ensure no physical border dividing the UK from Northern Ireland and the EU member state of Ireland. less A pro-EU … [Read more...] about EU leaders gather for ‘moment of truth’ Brexit summit
EU leader says Britain must rethink plan for Brexit
LUXEMBOURG — The European Union largely abandoned hope of clinching a Brexit deal this month and a top EU official implored British Prime Minister Theresa May on Tuesday to come up with “a new method of thinking” on the Irish border issue that has stumped negotiators for over a year. With the leaders of EU countries meeting Wednesday, EU Council President Donald Tusk told May to think like a free spirit and “present something creative enough to solve this impasse” at the summit, which previously was touted as a pivotal event in Britain’s two-year departure from the bloc. As prospects for a compromise stood ahead of the meeting, Tusk said there were “no grounds for optimism” about Britain and the EU reaching a deal. Members of May’s own party oppose the prime minister’s current proposals. < Previous Astros’ Springer delivering in playoffs again Next > … [Read more...] about EU leader says Britain must rethink plan for Brexit