British Prime Minister Theresa May leaves a news conference following an EU leaders’ summit in Brussels on April 11. International investors cannot say they have not been warned of the damage that a no-deal Brexit would wreak on the UK and European economies. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why Brexit has been but a blip in financial markets

  • Despite the worries of a no-deal Brexit, narrowly averted this week by a deadline extension, fund managers tend to see it as an idiosyncratic risk that’s potentially less damaging than systemic threats, such as the US-China trade war

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British Prime Minister Theresa May leaves a news conference following an EU leaders’ summit in Brussels on April 11. International investors cannot say they have not been warned of the damage that a no-deal Brexit would wreak on the UK and European economies. Photo: Bloomberg
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Hounded by Brexit rows at home, UK Prime Minister Theresa May met Chinese President Xi Jinping on February 1 to forge deeper trade ties after Britain leaves the European Union. Photo: AFP

China economy would be the big winner from a no-deal Brexit, UN study finds

  • In a no-deal Brexit scenario, China’s exports to the United Kingdom would rise under lower tariff rates than those used by the European Union
  • The United States and Japan also benefit from lower tariffs, while EU nations would lose preferential access to the UK market, a United Nations study found
Topic |   China economy

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Hounded by Brexit rows at home, UK Prime Minister Theresa May met Chinese President Xi Jinping on February 1 to forge deeper trade ties after Britain leaves the European Union. Photo: AFP
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