Fidelity Top Stories
China balks at US accusation of 'unfair' trade practices
Beijing has rejected fresh accusations of “unfair” trade practices from Washington just days before Presidents Trump and Xi are set to meet to discuss their ongoing trade disputes.
White House trade hawk Navarro excluded from US-China trade meet
President Donald Trump’s hawkish top trade adviser Peter Navarro is to be excluded from talks between Trump and Chinese President Xi Jinping, according to reports from the South China Morning Post.
BofA-ML strategists still 'sellers'
Strategists at Bank of America-Merrill Lynch continue to be "sellers" in shares, arguing that US central bank policy tightening cycles "always" end with a "financial event", although markets may perhaps attempt a bounce over the coming week.
Brussels rejects Italy's budget; sanctions now possible
The European Commission has rejected Italy’s big-spending budget, escalating the row between Brussels and Rome.
Maldives set to ditch 'one-sided' China trade deal
The Maldives is likely to withdraw from a free trade agreement with China and align itself more closely with India and the West under its new government, according to reports on Tuesday.
Communications taking place at all levels of government with China, US's Kudlow says
The White House's top economic adviser reiterated on Tuesday that trade talks with the People's Republic of China were ongoing.
US considers tighter export controls on latest generation of dual-use technologies
The Trump administration is considering tightening controls on high-technology exports, including those related to artificial intelligence and other so-called 'dual-use' technologies, as the trade war with China intensifies.
Bank of England gives nod to Brexit deal due to no-deal fears
The Bank of England looked to back the Prime Minister’s withdrawal agreement on Tuesday, but only due to the likely dangers of crashing out of the European Union without a deal.
Interest rates in the US still 'very low', Fed's Williams says
A key US central bank official appeared to indicate at the start of the week that interest rates were still headed higher.
China alleges top three chipmakers involved in price-fixing
China vowed to deepen a probe into Samsung, Micron and SK Hynix following what it said was the discovery of "massive evidence" that the world's three kargest chipmakers were colluding to rig prices.
Nissan to boot chairman over 'significant acts of misconduct'
Nissan is preparing to oust its chairman Carlos Ghosn after it was revealed he and another top executive, Greg Kelly, had been involved in "significant acts of misconduct" over a long period of time.
May survives tough day as rebels seek support to knife PM in ballot
UK Prime Minister Theresa May moved on Friday to bolster her precarious position after ministerial resignations over Brexit and the continuing threat of a no confidence vote.
'I think we'll have a deal (with China),' Trump says
Wall Street's main market gauges flickered into life on Friday afternoon in New York, reversing early losses and moving into the green, on the heels of upbeat remarks from the US President regarding the chances of his administration being able to strike a trade deal with Beijing.
US interest rates closer to 'neutral', Fed's Clarida says
The US central bank's second-in-command noted recent volatility in stock markets, but continued to defend the need for gradual rate hikes.
ECB's Draghi confident, but argues for patience and persistence
Outgoing European Central Bank President, Mario Draghi, sounded a confident note on the outlook for the euro area economy, describing a recent slowdown as a 'soft patch', but said policymakers needed to be "patient and persistent" in providing monetary stimulus.
RBS cleared from FSB list of global systemically important banks
RBS has dropped out of the Financial Stability Board's list of global systemically important banks, which should translate into lower funding costs for the lender.
Europe midday: Stocks dip amid post-Brexit deal political convulsions
Stocks across the Continent are trading slightly lower as investors digest the ongoing political convulsions in London, even as they keep a wary eye on the Italian government's antics with Brussels over its 2019 budget.
Senior Tory Brexiters may push for 'no-confidence' vote, reports say
Some senior Tory Brexiters are reportedly pushing for an immediate 'no-confidence' vote against the Prime Minister.
US 'core' October CPI falls short of analysts' forecasts
Inflation in the US accelerated as expected last month, pushed higher by increased energy costs, but underlying price pressures were more modest than economists had anticipated.
Saudi makes case for 1.0m b/d cut in crude oil output
Riyadh and its allies should cut their combined output of crude oil in order to balance the market, Saudi Arabia believes, but it remains to be seen if other producers will participate in any reductions.