Fidelity Top Stories
Companies face bureaucracy and delays under no-deal Brexit
UK companies trading with EU countries will face a thicket of additional red tape and potential delays if Britain leaves without a deal, government advice showed.
Corbyn is business's second-biggest worry after Brexit
The prospect of a Labour government led by Jeremy Corbyn ranks next behind Brexit as the biggest worry for business leaders, a poll showed.
Australian Prime Minister could resign as soon as Friday
Australian Prime Minister Malcolm Turnbull could stand down by the end of the week.
Riyadh pulls Saudi Aramco IPO - Report
Saudi Arabia has pulled plans for a domestic and international listing of state-owned oil giant Saudi Aramco, Reuters reported, citing four industry sources.
FOMC minutes point to September hike, possible pause
The minutes of the US central bank's last policy meeting released on Wednesday evening solidified market expectations for another 25 basis point interest rate hike come September, even while hinting at the possibility of a 'pause' thereafter should there be a "major escalation in trade disputes".
Trump in hot water as Cohen threatens to share 'information' of Russia meddling in election
Two members of US President Donald Trump’s inner circle have been found guilty of criminal offences, leaving the President in a tight spot as one of the lawyers said his client would be happy to share his knowledge on a possible Russian interference with the presidential election in 2016.
Three or four more rate hikes appropriate, shape of yield curve important, Fed's Kaplan says
A top US central bank official said on Tuesday that at least a near-term top in short-term interest rates may be somewhat nearer now, while also indicating that he would be concerned should the so-called Treasury yield curve 'invert'.
Morgan Stanley halts Tesla research coverage
Morgan Stanley has halted equity coverage on Tesla hinting that it may be doing business with the carmaker as it considers going private.
S&P downgrades Turkey's long-term debt from 'BB+' to 'B-'
Standard&Poor's downgraded the rating on Turkey's long-term sovereign debt on Friday on the back of the "extreme" volatility in the value of its currency over the past two weeks, which was expected to result in an economic recession in 2019 even as it leads to a "considerable increase" in funding risks for the country's lenders.
Fresh US sanctions loom large in Turkey's future as US pastor's appeal rejected
US pastor Andrew Brunson has seen his latest bid for freedom rejected by a Turkish appeals court, increasing the likelihood of a fresh wave of sanctions from the Trump administration.
BofA-ML retains bearish stance ahead of 10-year commemoration of Lehman Bros. crash
Investors are already positioned 'bearishly', but that potential positive for financial markets was likely to be swamped by the recent peaks in corporate profits and economic stimulus, strategists at Bank of America-Merrill Lynch cautioned.
Chinese bombers training to hit US targets, says Pentagon report
China’s air force is "likely" training for bombing strikes against the US and its allies, according to a Pentagon report released on Thursday.
Atlantia warns investors over Genoa bridge disaster
Shares in Atlantia fell more than 25% on Thursday as the company warned that Italian government plans to revoke its motorway concession in response to Monday's Genoa bridge collapse could hit investors.
Rescuers search for Genoa bridge survivors as death toll reaches 39
Italy's deputy prime minister called for the resignations of senior executives at the company that operated the Morandi motorway bridge in Genoa which collapsed on Tuesday, killing at least 39 people.
US retail sales volumes in July point to solid consumption
Retail sales in the US rose a tad more strongly than expected in July, boosted by sales at department stores and for clothing.
Italy motorway bridge collapse near Genoa kills at least 22
A large section of motorway bridge collapsed onto houses in the northern port city of Genoa on Tuesday killing at least 22 people, officials said.
Tory Brexiteers challenge PM and lay out no-deal Brexit blueprint
Hardline Tory Brexiteers are to challenge Prime Minister Theresa May by publishing a positive blueprint for a no-deal Brexit and abandoning all support for May’s Chequers proposal, introduced last month.
Chinese economic data for July prints well below forecasts
A raft of economic indicators released overnight in China printed below forecasts, pointing to sustained weakness in growth in the Asian giant until mid-2019, economists said.
Likelihood of capital controls in Turkey rising, Jefferies says
The likelihood that Turkey will impose some degree of capital controls is rising with each passing minute, given President Recep Tayyip Erdogan's refusal to allow the central bank to hike interest rates, analysts at Jefferies said.
Chinese PBoC shifts stance in July, leans on lenders
China's central bank shifted its stance last month, leaning on the country's lenders to increase their loan volumes as Beijing seeks to offset weaker growth and the impact from frictions with its largest trading partners.