China Warns UK over 18 Billion Pound Nuclear Power Deal – FT

China has warned Britain that bilateral ties stand at a “crucial historical juncture” over London’s deferral of an 18 billion pound nuclear power project, the Financial Times reported on Monday.

China’s Ambassador to the UK Liu Xiaoming wrote in the FT that he hoped London would keep its door open to China and that the British government would continue to support the nuclear project and come to a decision as soon as possible.

Britain said last week it wanted closer ties with China, but resisted pressure from Beijing to sign off on a $24 billion nuclear power project that was delayed at the last minute by Prime Minister Theresa May.

Reuters

Gold Forecast for Second Half of 2016 – Trends And Expectations

Markets Closely Monitor Oil and Data

Bank of England Could Cut Rates Further, MPC Member McCafferty Says

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.