Fidelity Top Stories
Trump and Xi to meet at G-20 in Fukuoka
The US president and his Chinese counterpart will meet during the G-20 leaders' summit in Fukuoka, Japan, according to a post on the former's account on social media platform Twitter.
Tesco sees 'significant optionality for competitive growth'
Tesco sees "significant optionality" for competitive growth, as well as room for greater margins and increased cash generation.
Facebook unveils Calibra, the new digital wallet for its crypto Libra
Facebook announced on Tuesday that it will open a new digital wallet called Calibra to allow users to trade its new cryptocurrency Libra by 2020.
Pokémon Go creator buys UK developer Sensible Object
Niantic, the company behind the hugely popular Pokémon Go game, has acquired UK developer Sensible Object.
Fund managers most 'bearish' in June since the financial crisis, BofA-ML says
Fund managers were at their most "bearish" in June since the last financial crisis, amid concerns over war and recession, the possibility that monetary policy might have lost its potency to foster growth and "low strike prices for policy puts", the results of a widely-followed survey showed.
ECB 'not resigned' to low inflation 'even for now', Draghi says
Policymakers at the European Central Bank "are not resigned" to a low rate of inflation for longer or "even for now", Mario Draghi said.
US Chamber of Commerce pushes for end to trade war
The US Chamber of Commerce called on the Trump administration to stop its trade war against China, pointing to an estimated $1trn in costs over the next decade as its main argument.
Global equities will end the year higher - Credit Suisse
Credit Suisse believes equity markets will end the year higher, despite a range of global tensions continuing to weigh on equities.
'Messy and disorderly Brexit remains main downside risk' to UK- BCC
The British Chambers of Commerce revised its medium-term growth forecasts for the UK lower, trimming its forecast for the rate of growth in GDP in 2020 to 1. 0%, from 1. 3%, and to 1. 2%, from 1. 4%, in 2021, blaming Brexit stockpiling for the downgrades in its latest economic forecasts released on Monday.
Kier said to be preparing to sell housebuilding unit
Kier Group is preparing to sell its housebuilding business to ease pressure on the contractor's finances, The Times reported.
US releases footage 'showing Iran removing mine from tanker'
The US military released video footage it claimed showed an Iranian military patrol boat approach one of two tankers attacked in the Gulf of Oman on Thursday as tensions increased in the region over the incident and oil prices rose.
Brent crude oil futures jump on reports of tanker on fire in Sea of Oman
Crude oil futures jumped on the back of reports that two oil tankers off the coast of Fujairah, in the Sea of Oman, were on fire.
Trump doesn't specify deadline for new tariffs on China
US President Donald Trump declined to set a deadline on Wednesday for the latest tariffs he is planning to impose on Chinese goods.
Amazon extends collaboration with UK retailer Morrison
Amazon is extending its alliance with UK retailer Morrison to offer ‘same-day online grocery delivery’ service to more cities across Britain.
Gulf of Oman oil tanker crews rescued after 'attack'
The US Navy's Bahrain-based Fifth Fleet said it was assisting two tankers in the Gulf of Oman after receiving distress calls from the vessels amid reports of an “attack".
US CPI for May comes in short of forecasts, analysts divided
Consumer prices in the US slipped by more than expected last mnonth amid declines in the price of energy and for used cars and trucks.
UK unprepared for Oct 31 no-deal Brexit - report
Britain was still seriously under-prepared for a no-deal Brexit on October 31, according to a leaked Cabinet document published on Wednesday.
Johnson warns Brexit delays open door for Labour govt
Boris Johnson started his Conservative leadership campaign on Wednesday with a warning that delaying Brexit beyond October 31 would result in the defeat of the government.
Future of Philip Green's Arcadia in balance as landlords vote on deal
The future of Philip Green’s Arcadia retail empire and 18,000 workers lay in the hands of landlords set to vote on a rescue package for the struggling group.
Trump urges China to adhere to already agreed terms on trade or risk more tariffs
President Donald Trump said that China must adhere to the terms of the trade deal that it had agreed to earlier in 2019 or risk a no-deal and higher tariffs.