Fidelity Top Stories
China falls into trade deficit in March, but surplus with US widest in over a year
China's trade surplus with the rest of the world vanished in March, but some economists were quick to ascribe that to seasonal quirks in the data, predicting that it would soon reappear.
IAG buys stake in Norwegian as first move in takeover talks
British Airways owner IAG has acquired 4. 6% of Norwegian Air Shuttle and said it would use this position to initiate talks about a possible takeover bid.
Disney must offer to buy Sky if 21st Century deal goes through
Walt Disney will have to make a mandatory takeover offer for Sky within 28 days of the completion of its acquisition of 21st Century Fox's assets, if the rival Fox and Comcast bids fail, the UK Takeover Panel has ruled.
Special cabinet called to decide on action in Syria
Theresa May will convene a 'war cabinet' on Thursday in order to seek pre-approval for the UK to join a tripartite attack on the Syrian regime in response to its alleged use of chemical weapons.
US rate-setters sound more hawkish note at March FOMC, minutes show
US central bankers were more confident on the economic outlook when they last met to decide on policy with several of the belief that at some point in about two years' time rates would need to rise above their normal longer-run value.
Tesco pays out on soaring profits as Lewis turnaround continues
Tesco declared its first year-end dividend since 2014 as it reported a 28% rise in underlying operating profits thanks to improved margins and surging cash generation.
Trump warns Russia to "get ready" for Syria strike
US President Donald Trump has warned Russia to "get ready" for a strike against Bashar al-Assad’s Syrian regime with "nice and new and smart" missiles.
UK manufacturing output shrinks more than expected
UK manufacturing output is growing at the slowest rate since last summer, according to official figures released on Wednesday that came in well below forecast.
RBC Capital Markets cuts year-end 2018 target for S&P 500
RBC Capital Markets has trimmed its FY2018 S&P 500 target to 2,890 from 3,000 and its 2018 earnings per share estimate to $151 from $155.
Talks between China and the US broke down last week, person says
Talks between China and the US to resolve Washington's concerns about Beijing's practices on foreign trade fell apart last week, according to Bloomberg News.
China's Xi pledges to open economy to the world, again
Chinese President Xi Jinping gave a speech on Tuesday where he promises the China would lower tariffs on vehicle imports this year as one of many measures to “open its economy to the world”.
Retailers rise and pubcos slide after mixed data from BRC, Barclaycard
There was mixed news for retailers, pubs and restaurants on Tuesday as encouraging high street research was published by the British Retail Consortium but spending data from Barclaycard painted a more gloomy picture.
Russian stocks hammered as US unveils sanctions
Washington decided at the weekend to take aim at several publicly-traded Russian companies in protest over the Moscow's actions for the first time, sending their shares crashing and a key gauge of the country's stocks to its biggest drop in just over four years.
WPP's shortlist and break-up stories lift shares
News that WPP has taken steps to prepare for life after chief executive Sir Martin Sorrell and that investors are pushing for asset sales combined to lift shares in the advertising giant on Monday morning.
China will reduce trade barriers, Trump says
China will reduce its trade barriers "because it is the right thing to do", the US president said.
There is a 'level of risk' of a full-scale trade War, US's Mnuchin says
There is a risk that America and China might fall into a trade war, according to US Treasury Secretary Steve Mnuchin.
Beijing threatens to retaliate, says talks not possible
China stands ready to retaliate to any new measures from Washington on trade, a spokesman for Beijing said on Friday, adding that finance officials from his country and the US had not held trade talks recently.
Big miss in US non-farm payrolls for March
US non-farm payrolls rose by 103,000 in March, falling far short of economists' forecasts for an increase of 193,000.
China says it will take on the US "at any cost" after Trump threatens more tariffs
The Chinese Commerce Ministry announced on Friday that it is not afraid of fighting a trade war and it will "follow through to the end without hesitating, fighting back at any cost" after being threatened by the US administration with further tariffs.
Snow and uncertainty cause services activity to weaken
Bad weather and Brexit-related uncertainty contributed to the slowest growth for UK services since just after the vote to leave the EU in March.