Fidelity Top Stories
Trump economic adviser Cohn's position under threat - report
Gary Cohn, Donald Trump’s key economic adviser, could be on the way out of the administration as the two men’s relationship begins to sour, Reuters reported on Friday.
BCC says Brexit vote has done 'more harm than good' to UK economy
A report published on Friday by the British Chambers of Commerce said the fall in sterling since Brexit had failed to lift UK growth, with the referendum vote doing "more harm than good" to the economy.
UK trade deficit unmoved as exports stay weak despite poor pound
The UK's trade deficit is slightly smaller than expected but there was not much encouragement on offer as exports remain weak but imports are still falling.
UK construction output falls for fourth month
UK construction output fell for the fourth month in a row, with residential housebuilding declining after a strong couple of months.
MPs demand explanation from FCA on Saudi Aramco proposals
The Financial Conduct Authority’s decision to open a new premium category to accommodate a London listing for Saudi Aramco has drawn criticism from MPs, who have asked for an explanation of the decision.
ECB not preparing deposit rate hikes, monitoring euro
The European Central Bank does not appear to be eyeing hikes on the interest rate paid on its deposit facility next year, but is monitoring the exchange rate, its president said.
Personal injury claims backtracking boosts Admiral, Direct Line
Insurance company shares were boosted as the government backtracked on rules governing the way personal injury claims are calculated.
Irma causes widespread havoc in the Caribbean as nine confirmed dead
Hurricane Irma has claimed the lives of nine people in the Caribbean as the category five storm wreaks havoc across the region, with the death toll expected to rise in the coming days.
China admits that more UN sanctions could help rein in North Korea
Beijing admitted on Thursday that it agreed with the US on its push to enforce tougher sanctions on North Korea after its continued nuclear testing, but the Asian powerhouse was assertive in its stance that an open dialogue with the rogue state would go a long way to resolve the crisis on the Korean Peninsula.
Hurricane Irma smashes Caribbean island of Saint Martin
Hurricane Irma has destroyed four of the "most solid" buildings on the Caribbean island of Saint Martin and may swing north towards the US by the weekend.
Fed vicepresident Stanley Fischer tenders resignation
The vice president of the US Federal Reserve Stanley Fischer announced his resignation on Wednesday.
Hurricane Irma effects potentially catastrophic
Irma, the most powerful Atlantic hurricane in a decade has hit the Caribbean islands as British tourists are evacuated.
China said to be considering oil sanctions on North Korea
China was said to be considering tougher sanctions against North Korea after its ally to the south claimed it had detonated a hydrogen bomb on Sunday.
Non-food sales recover to 2015 levels - BRC
UK retailers last month enjoyed their strongest year-on-year growth since Easter, but .
Dispute over tougher sanctions on North Korea deepens
Imposing tougher sanctions on North Korea over its missile programme would be "useless and ineffective" Russian President Vladimir Putin said on Tuesday, even as the US called for the "toughest sanctions possible".
Services slump leading to loss of momentum for UK economy
UK services sector activity slumped to an 11-month low last month, with the worst hit areas being consumer-facing industries such as hotels, restaurants, cinemas and gyms.
North Korea 'begging for war', US ambassador tells UN
Kim Jong-un and his his Pyongyang regime is ‘begging for war’, the US ambassador to the United Nations said at an emergency meeting on Monday.
Seoul steps up military response after Pyongang's hydrogen bomb test
South Korean officials were said to be in discussions with the White House regarding the deployment of aircraft carriers and strategic bombers to the Korean peninsula after North Korea had shown no signs of slowing down its nuclear programme in the wake of its largest nuclear test to date.
Tensions rise as South Korea responds to Pyongyang nuclear test
South Korea has responded to last week’s reported nuclear missile tests from North Korea by holding its own 'live-fire' drills with the heightened tensions weighing on global capital markets.
August US non-farm payrolls rise by 156,000
Job growth in the States slowed a tad last month alongside wage gains that again fell short of estimates, amid a sharp decline in service sector hiring, although some economists believe seasonal quirks in the data may have played a hand.