Fidelity Top Stories
US retail sales volumes jump, driven by auto and fashion sales
US retail sales volumes grew a tad more quickly than expected last month, boosted by sales of automobiles and food and beverage stores.
Von der Leyen would consider Brexit extension if 'good reason' given
European Commission presidency candidate Ursula von der Leyen on Tuesday said she would consider a Brexit extension beyond October 31 if it was required.
Rio Tinto warns of $1.9bn Mongolia copper mine cost blowout, delay
Rio Tinto on Tuesday said costs at its Oyu Tolgoi underground copper mine in Mongolia would blow out by up to $1. 9bn with a delay of up to 30 months.
Hays reports zero net fee growth in fourth quarter
Recruitment company Hays reported zero growth in fourth quarter net fees as weak market conditions across Australia, New Zealand and the UK offset growth in Germany.
US trade deal post-Brext could take longer than some hope, says Fox
A post-Brexit trade deal with the US would take longer than people expected due to the crossover of federal and state jurisdictions and the upcoming presidential election, said International Trade Secretary Liam Fox.
EU foreign ministers meet to save Iran nuclear deal
Foreign ministers from France, Germany and the UK were meeting in Brussels on Monday in an attempt to save the Iran nuclear deal.
Trump considers removing Wilbur Ross following Supreme Court defeat
Donald Trump has allegedly told aides and close allies that he was contemplating removing Commerce Secretary Wilbur Ross after he backed down from adding a contentious question on citizenship to the 2020 census, according to NBC News.
Huawei is set to lay off hundreds of US workers after blacklisting
Chinese technology giant Huawei is preparing lay offs for hundreds of American workers as it struggles with the US administration’s recent blacklisting.
A 'couple' of rate cuts consistent with price stability, Fed's Evans says
A top US central bank official said that two interest rate cuts would be consistent with the monetary authority's price stability mandate.
US Labor Secretary Acosta resigns over Epstein case
US Labor Secretary Alex Acosta on Friday resigned over a plea deal he made with wealthy financier Jeffrey Epstein, a sex offender charged with human trafficking girls as young as 14.
Don't believe everything you read about US-China trade, White House's Navarro says
A top White House official said at the end of the week that the trade talks between Washington and Beijing had entered a "quiet period" and not to believe reports in either country's press, dismissing them both as "garbage".
Iran demands return of tanker as UK sends second frigate to Gulf
Iran demanded the UK release an oil tanker seized in Gibraltar last week and warned Britain was playing a “dangerous game” as the Royal Navy prepared to send a second warship to the region.
Bank Rate might be headed towards zero in 'no deal' Brexit
Bank Rate might be headed towards zero in case of a no-deal Brexit, a top Bank of England official said at the end of the week.
China's Fosun to invest £750m in debt-ridden Thomas Cook
British travel firm Thomas Cook announced on Friday that it was in "advanced discussions" with Chinese conglomerate Fosun and multiple banks regarding a £750m capital injection and the break-up of the group.
Weak imports boost Chinese trade surplus in June
China's foreign trade surplus continued to increase last month as weak domestic demand weighed on the country's imports more than anticipated.
Ashmore's quarterly AuM grow by lower than expected $6.5bn in Q4
Global fund management group Ashmore saw its assets under management jump again during the fourth quarter of its trading year, albeit by less than expected by some analysts and with market performance accounting for a larger proportion of the improvement than anticipated.
WPP to sell 60% of Kantar to Bain Capital
WPP on Friday confirmed it planned to sell 60% of its Kantar market-research business to US private equity company Bain Capital, valuing it at $4bn (£3. 19bn).
London close: Stocks end on mixed note with Brexit and US-China trade in focus
London listed shares turned in another mixed session on Thursday with the the Footsie weighed down by pound strength and amid increasing 'market chatter' around the possibility of a 'no deal' Brexit.
France, US trade barbs over digital services tax
A trade war looked set to break out on a new front as France clashed with the US over the introduction of new tax on tech firms such as Amazon, Google and Facebook.
US CPI edges past forecasts in June, partly due to trade tariffs
US consumer prices rose a tad more quickly than expected in June amid sharp increases in the prices of used cars and trucks, and apparel.