Fidelity Top Stories
Trump blasts OPEC over 'artificially high' oil prices
Global oil prices fell after Donald Trump criticised the Organization of Petroleum Exporting Countries, stating that their “artificially high prices” would no longer be accepted.
EU dismisses UK post-Brexit plan for Irish Border
European Union officials are set to reject a solution proposed by the UK to solve the Irish border problem post-Brexit.
BoE's Carney dials back on rate hike expectations, pound drops
An interest rate rise is "likely" in 2018 but any tightening will be gradual, Bank of England Governor Mark Carney told the BBC, highlighting the shortfall seen in investment versus what might have been expected were it not for Brexit.
Shire surges as Allergan confirms interest after Takeda rejected
Shire has received and rejected a takeover approach from Japan's Takeda Pharmaceutical, but was later confirmed to be in talks with US giant Allergan.
MPs to vote on customs union proposal by committee chairs
A group of 10 committee chairs have put forward a parliamentary motion calling for the UK to remain in a customs union with the EU after Brexit.
Brussels reportedly set to offer a TTIP branch on trade to Washington
The European Union will propose a "miniature, simplified" version of the Transatlantic Trade and Investment Partnership to the US administration in a bid to end trade hostilities and in order to avoid US tariffs on steel and aluminium imports.
UK retail sales fall more than expected in March
Retail sales fell more than expected in March as consumers stayed away from shops amid snow and sub-zero temperatures swept in by the so-called Beast from the East.
Morgan Stanley sees stocks topping-out in 2018
Stocks around the world will probably top-out this year, and sooner than most observers think, Morgan Stanley said.
Global financial stability risks remain elevated, IMF says
The International Monetary Fund warned in its Financial Stability Report on Wednesday that medium-term financial stability risks remained "elevated", with the vulnerabilities which had built-up over recent years possibly paving the way for a "bumpy" road ahead - which could put growth at risk.
Volatility boosts Morgan Stanley's first quarter trading income
Morgan Stanley clocked-in with its best quarterly earnings performance in 10 years on Wednesday, as volatility in global capital markets saw its trading revenues jump by nearly a fifth.
RBS says pension settlement eases path to dividend payments
Royal Bank of Scotland has reached a settlement to fund its pension scheme that the bank said could pave the way for it to restart paying dividends to shareholders.
North and South Korea close to ending 68-year war
The two Korea’s are discussing plans to finally bring an official end to their almost 68 year war according to the South Korean Munhwa Ilbo newspaper.
Wage growth edges above inflation in 'final piece of puzzle' for BoE hike
British wage growth numbers disappointed the market on Tuesday but finally crept higher than inflation, meaning real wage growth has turned positive for the first time in 13 months to give the Bank of England more confidence about raising interest rates.
ABF first-half little changed as sugar decline offsets Primark growth
Associated British Foods left its annual outlook intact after falling first-half profit at the company’s sugar business offset growth at Primark and other businesses, leaving the group result little changed.
Parliament's vote on Brexit deal could keep UK in the EU
Parliament has several options at its disposal in order to change the course of Brexit, an influential think tank said in a paper published on Monday.
Pound bulls to falter in near-term, Rabobank says
Sterling strength had further to run, Rabobank strategists said on Monday, but the loss of economic momentum in the British economy that was seen over the first quarter of the year and the prospect of tough Brexit talks, meant that the pound's path higher was not to be free of hurdles.
Sir Martin Sorrell steps down from WPP after misconduct investigation
Sir Martin Sorrell has stepped down as chief executive officer of WPP with immediate effect, the advertising behemoth announced over the weekend.
US, UK and France launch missile strike against targets around Damascus
The US, UK and France carried out a missile strike on three sites in and around Damascus and the western Syrian city of Homs with links to the country's chemical weapons programme.
Leaked financials suggest Saudi giant Aramco more profitable than Apple
Secretive Saudi oil giant Aramco achieved a colossal $33. 8bn in net income over the first six months of 2017 according to reports from Bloomberg.
Trump considers rejoining TPP if presented 'better' terms
Donald Trump directed officials to look into the possibility of rejoining the very same Asia-Pacific trade pact he withdrew from after taking office, while expressing optimism over a deal with China.