Fidelity Top Stories
China inflation jumps in March, but only as expected
Chinese consumer prices picked up in March as food inflation bounced back following a big Lunar New Year induced slowdown during the previous month.
Indivior crashes after indictment by US federal grand jury, drags Reckitt lower
A US jury has indicted Indivior for fraudulently flogging its Suboxone Film drug as a safer alternative to rival treatments for opiod addiction.
Europe close: Stocks move higher as ECB chief retains cautious streak
Stocks on the Continent finished mostly higher on Wednesday with caution on the part of European Central Bank chief Mario Draghi helping to reassure investors ahead of the outcome of the EU leaders' summit which was expected later in the day.
ECB stays put on rates, reiterates guidance
Rate-setters at the European Central Bank stayed put on interest rates on Wednesday and reiterated guidance for them to remain unchanged at least through the end of the year.
EU looking for up to one year delay on Brexit
EU leaders were set on Wednesday to consider giving the UK a longer Brexit extension and take complete control of the departure process from beleaguered UK Prime Minister Theresa May.
Differences between China and EU mount ahead of annual summit
Chinese Premier Li Keqiang and European Union institution leaders are set to meet in Brussels on Tuesday at the annual EU-China summit but could face differences over trade and investment.
IMF slashes 2019 global GDP forecast
The world's economic watchdog took an axe to its near-term forecasts for global growth for the third time in six months, warning that the outlook for a projected recovery in growth was "precarious".
StanChart settles with UK and US regulators for over $1bn
StanChart will pay just over $1bn to settle two probes with US and British regulators, respectively, relating to the violation of US sanctions against Iran between 2001 and 2014 and the alleged inadequacies of its internal controls.
Societe Generale to cut 1,600 jobs to restore profitability
French banking giant Societe Generale on Tuesday revealed plans to shed 1,600 positions following its latest operational review, starting from the third quarter of 2019 onwards.
May heads to Berlin, Paris to ask for Brexit extension
UK Prime Minister Theresa May was travelling to Berlin and Paris on Tuesday to ask for a short Brexit extension as Britain faced the prospect of a no-deal departure on Friday.
EU stands 'fully behind Ireland' in Brexit negotiations, says Barnier
The EU's chief negotiator Michel Barnier on Monday said that, in the event of a no-deal Brexit, the EU will refuse to open trade talks with Britain until an agreement is in place regarding the Irish border, citizens’ rights and a financial settlement.
US and China 'closer and closer' to trade deal, talks set to continue
Washington and Beijing are making progress in trade talks and negotiations are set to continue throughout the week, a top Trump administration official said at the weekend.
US non-farm payrolls rise by 196,000 in March, earnings fall short
US job growth returned to trend last month as some of the erratic factors that depressed the previous month's reading washed out of the data, but the latest wage data fell short of forecasts.
Brexit: May asks for June delay as Tusk offers 1 year 'flextension'
European Council President Donald Tusk was reportedly pressing the EU27 to offer the UK a one-year “flexible” Brexit extension as Theresa May wrote requesting a delay of up to June 30.
China and US nearing trade agreement - report
Negotiations for a trade deal between the US and China are drawing close to a resolution as most outstanding issues have now been agreed upon, according to a report on Wednesday.
Corbyn joint favourite to become next PM, say Ladbrokes
The odds of Jeremy Corbyn becoming the next Prime Minister have been cut by Ladbrokes, making the Labour leader joint favourite to succeed Theresa May alongside Boris Johnson at 5/1.
May offers to work with Labour on Brexit agreement
Theresa May has offered to "sit down" with opposition leader Jeremy Corbyn to agree on a Brexit deal based on her existing withdrawal agreement.
Provident Financial Group questions NSF's track record
Provident Financial group has called into question the merits of the recent hostile takeover bid launched by rival sub-prime lender NSF, including by questioning the company's track record on dividend payouts and distributions.
Pound trades higher as hopes for softer Brexit mount
The pound edged higher on Monday, as the House of Commons geared up for another round of indicative votes on the UK’s scheduled departure from the European Union.
Manufacturing spikes as Brexit stockpiling ramps up
Brexit stockpiling has helped push manufacturing output to a surprise 13-month high, data showed on Monday.