Fidelity Top Stories
Trump threatens to quit WTO if it doesn't 'shape up'
US President Donald Trump told Bloomberg in an interview on Thursday that he would withdraw from the World Trade Organization unless it "shapes up" and treats the US better.
Whitbread to sell Costa coffee chain to Coca-Cola for £3.9bn
Whitbread shares surged on Friday as it agreed to sell the Costa coffee chain to Coca-Cola for £3. 9bn.
Eurozone CPI drops below forecasts in August, rate futures steady
Inflation pressures in the single currency bloc ebbed in August, amid broad-based declines outside of processed food, alcohol and tobacco prices.
EU could scrap car tariffs in US trade deal
Brussels is willing to cancel tariffs on all US industrial products including vehicles in its trade talks with the US, Politico reported on Thursday.
Argentina's central bank carries out emergency rate hike
Argentina's central bank has hiked its main policy rate from 45% to 60%.
Turkish lira lower on report central bank deputy governor set to leave
Turkey's currency, the lira, slid sharply lower in afternoon trading following a report that one of the top officials at the country's central bank's would soon announce his intention of leaving.
Dyson plans expansion for UK electric car facility
UK vacuum cleaner firm Dyson announced on Thursday it had submitted a planning application to expand its facilities at a former military airfield in order to develop electric vehicles.
UK consumer credit slows sharply in July
Lending to both businesses and consumers slowed unexpectedly in July, although mortgage approvals were just a tad weaker than anticipated.
Trudeau warns 'no NAFTA deal is better than bad deal' for Canada
Canadian Prime Minister Justin Trudeau said late on Wednesday that although Canada had entered into negotiations for a new North American Free Trade Agreement with Mexico and the US, he would walk away from the talks if the deal doesn’t align with Canada’s best interests.
Vodafone agrees £8.4bn merger for Australian joint venture
Vodafone has agreed to merge its loss-making Australian mobile joint venture with broadband provider TPG Telecom in a deal valuing the combined company at about A$15bn (£8. 4bn).
Sterling shoots higher as Barnier suggests unique Brexit deal
Sterling shot higher on Wednesday afternoon after the EU's chief Brexit negotiator Michel Barnier was reported to have said that he was prepared to give the UK a deal unlike with any other country.
UK and EU negotiators push back October Brexit deadline
The UK and the European Union are set to announce that the deadline for reaching a Brexit deal has been pushed back from October to November as it is now unlikely that an agreement can be reached before, Bloomberg reported on Wednesday.
London house prices to fall with crash possible, poll finds
London house prices will fall this year and next and will drop sharply if the UK leaves the EU with no deal, a poll predicts.
Aston Martin looks to drive away from IPO with £5bn valuation
Aston Martin may soon float on the London Stock Exchange with an expected value that could put the British automotive legend at the top end of the FTSE 250.
Russia gears up for biggest military excercises in four decades
Russia will hold its biggest war games in nearly four decades next month as part of a massive military exercise that will also involve Chinese and Mongolian troops.
Theresa May says no-deal Brexit 'not the end of the world'
UK Prime Minister Theresa May said on Monday that a no-deal Brexit "wouldn’t be the end of the world", in what some observers said was an attempt to downplay the warning issued by Chancellor Philip Hammond during the previous week.
Euro area money supply growth slowed sharply in July, economists downbeat
Money supply growth in the single currency bloc slowed sharply last month, hinting at a looming slowdown in the economy, according to economists.
WTO chief warns of potential trade disruptions under no-deal Brexit
The World Trade Organization has warned the UK of possible trade disruptions under a no-deal Brexit scenario for the simple reason that there was not enough time beforehand to agree on tariffs and quotas with other WTO members.
"No clear sign" inflation accelerating past 2.0%, Fed's Powell says
There are no clear signs that the rate of growth in inflation is set to accelerate past the US central bank's 2. 0% target, Federal Reserve chairman, Jerome Powell, said at the start of the Fed's annual Economic Symposium in Jackson Hole.
Yuan bounces back after China reinstates counter-cylical factor in daily fixing
China's currency jumped back on Friday afternoon after the country's central bank reinstated the so-called 'counter-cyclical factor' in its daily price-fixing mechanism for the yuan, Reuters reported.