Fidelity Top Stories
With US set to reimpose sanctions, EU cuts Iranian oil imports
European refiners, worried about the US sanctions on Iran which are set to be more severe than those imposed in 2012, are cutting their imports of Iranian oil.
UK first-quarter GDP revised higher by ONS
UK economic growth in the first-quarter has been revealed as stronger than first expected, a final reading from the Office for National Statistics showed on Friday.
BoE orders City bosses to crack down on crypto-assets
The Bank of England has ordered the bosses of banks and other financial companies to strengthen checks on crypto-assets such as Bitcoin and not to link pay to risky dealing in those instruments.
European funds' stash of cash at 2014 debt crisis levels, HSBC says
Analysts at HSBC told clients they remain 'overweight' US stocks even as they pointed out that investment funds in Europe were hoarding the most cash since the sovereign debt crisis in 2014.
Mattis takes aim at Chinese expansionism in Beijing visit
China’s military expansionism will be met with a "medium tough" message from US defence secretary James Mattis during his three-day visit to Beijing this week.
US trade deficit narrows unexpectedly as exports continue to climb
America's shortfall in its trade on goods with the rest of the world shrank last month as exports continued to climb.
UK retailers' sales recovery continues as sales surge in June
Sales at larger UK retail chains have surged much higher than expected this month, providing more evidence of a recovery from the weather-affected first quarter.
Saudi planning to ramp-up production to record levels in July
Saudi Arabia's state-owned oil company may be set to boost output by over 800,000 barrels a day.
MPC's Haskel says there may be much more slack in the economy
Jonathan Haskel displayed a fairly 'dovish' bias in his appointment hearing before the Treasury Select Committee, suggesting that there might be more slack in the economy than previously thought.
Petrofac takes $1.8bn of new orders in first half
Petrofac, a provider of services to the oil and gas industry, has taken $1. 8bn of new orders since the start of the year, which is slightly more than at this stage last year.
US's Mnuchin labels reports of investment restrictions as 'false, fake news'
The US Treasury Secretary rubbished reports that the White House was set to unveil measures against investments in American technology companies by Chinese majority owned-firms specifically, alongside curbs on technology exports to the Asian giant.
UK business shows 'deep concern' over Brexit in letter to PM
The UK’s five main business lobbies have urged the Prime Minister in a letter to make progress in the Brexit negotiations or risk losing jobs and investment.
BofA-ML sees rising risk of no ECB rate hikes in 2019 because of trade wars
Economists at Bank of America-Merrill Lynch stood by their forecasts for a first hike in the ECB's deposit rate in September 2019, but said they now saw an increased risk of no interest rate hikes at all next year.
Trump clamps down on Chinese investment in US tech firms
The US Treasury is drafting regulations that would block Chinese companies from buying US tech firms and stop US companies transferring important tech to China.
World Cup preview: England v Panama, Japan v Senegal, Poland v Colombia
England are back in action on Sunday, facing off against shock Central American qualifiers Panama who looked off the pace in their opening 3-0 loss to Belgium.
OPEC agrees nominal 1.0m b/d increase in output
The Organisation of Petroleum Exporting Countries and Russia have agreed on a 1. 0m barrel a day increase in their combined level of output following a last-minute compromise with those producers that were opposed to a deal.
Airbus warns it would leave UK in no-deal Brexit scenario
European aviation giant Airbus warned overnight that it could leave Britain if the country exits the European Union in 2019 without a transition deal.
Greek bonds rise after "historic" deal with creditors, but not by much
Athens has managed to clinch a deal with its creditors to ease the burden from the country massive debt pile, in what some observers are hailing as a "landmark" deal which it is hoped will pave the way for the country's long-term economic success.
BoE keeps rates unchanged, but Haldane joins 'hawks'
The turnout of the Monetary Policy Committee's meeting on Wednesday, which was published today, was more hawkish than expected, as the Bank of England's chief economist joined the ranks of those who were calling for an immediate hike in Bank Rate.
MoD suppliers' shares fall after May questions defence spending
Shares of Melrose Industries, BAE Systems and other suppliers to the Ministry of Defence fell after the Prime Minister was reported to have questioned the department's spending plans.