Fidelity Top Stories
France, Ireland threaten Mercosur veto over Amazon fires
France and Ireland said they would oppose an EU trade deal with South American nations if Brazil failed to tackle fires that are currently raging through the Amazon.
Mattarella gives PD and M5S until Wednesday to form a coalition
Italian President Sergio Mattarella has given rivals the Democratic Party and the Five Star Movement until Wednesday to form a new coalition government or face elections in October, unless Five Star leader Di Maio accepted the last minute offer from the League party to take the premiership in exchange for a reconciliation.
Fed's Bullard says inverted yield curve 'not a good place to be'
A top US central bank official argued for more interest rate cuts as "insurance" against the ongoing downturn in global manufacturing, arguing that the monetary authority could always take it back "next year" if things just blew over.
Pound snaps higher as Macron backs month of Brexit talks
The pound snapped higher on Thursday afternoon after France's President, Emmanuel Macron, added his weight to proposals from the day before to try and find a solution to the Irish Backstop question over the next month and avoid the UK falling out of the European Union without a withdrawal agreement.
Volkswagen denies claims it is interested in Tesla stake
Volkswagen on Thursday denied a media report that the German carmaker was looking to purchase a stake in electric car manufacturer Tesla.
Fed's Harker does not see need for more stimulus right now
At least a second top US central bank official argued in favour of staying put on interest rates on Thursday.
Fed's George not ready to vote in favour of rate cuts
A top US central bank official made the case against further interest rate cuts so long as the American economy was growing at a pace near what rate-setters' forecast, pointing out that the costs associated with unwarranted policy easing.
ECB sees potential need for fiscal stimulus to buttress growth
Policymakers at the European Central Bank put in motion preparations for further monetary stimulus when they last met, although they believed that if the Eurozone economy deteriorated significantly more then it would be national governments' turn to step in with higher spending, the minutes of their most recent policy meeting revealed.
China vows retaliation against any US wrong tariff action
China's Commerce Ministry said on Thursday that it hopes the United States will stop its wrongful tariff actions, warning that Beijing would retaliate for any new levies.
Investors balk at German 30-year debt at negative yields
Investors balked at an attempt by Berlin to sell 30-year bonds at negative rates.
Bank to cut rates by 50 basis points after 'no deal' Brexit, Barclays says
The Bank of England would most likely be forced to cut rates again before the middle of next year after Britain leaves the European Union without a deal, leading to a jump in prices that would wallop the economy.
Mattarella to start multiparty talks to study new ruling coalition
Italian President Sergio Mattarella is set to begin two days of talks with the leaders of the country's various political parties on Wednesday to try and reach an agreement regarding a new ruling coalition and thus avoid having to call fresh elections.
Charter Court interim profits stumble; shareholders approve OneSavings merger
Charter Court Financial Services reported a drop in interim profits on Wednesday but strong loan book growth as it prepares to merge with rival OneSavings Bank following the receipt of shareholder approval.
Trump puts off state visit to Denmark after Greenland bid rejected
US President Donald Trump postponed a meeting with Denmark’s PM Mette Frederiksen scheduled for 2 September following her rejection of Trump’s bid to purchase Greenland.
FX round-up: Pound edges higher following remarks by German Chancellor
Sterling edged higher in a risk-off session on Tuesday after German Chancellor Angela Merkel appeared to open the door to a compromise solution on the Brexit backstop.
Pompeo says Hong Kong violence would make China trade deal 'more difficult'
US Secretary of State Mike Pompeo on Tuesday warned Beijing that a violent crackdown on protests in Hong Kong would make a trade deal between the US and China "more difficult".
Italian PM Giuseppe Conte resigns amid political crisis
Italian Prime Minister Giuseppe Conte resigned on Tuesday in the latest phase of the country's political crisis following Matteo Salvini’s grab for power.
Boris Johnson plans information campaign ahead of no-deal Brexit
The UK government will kick-off an information campaign in September aimed at preparing the British public for a no-deal Brexit.
CK Asset Holdings to buy Greene King for 850p a share
Shares of Greene King surged on Monday as the pub group agreed to be bought by a subsidiary of CK Asset Holdings, the flagship of the CK Hutchison Group, for 850p a share in cash.
JP Morgan sticks to call for an August 'correction' in stocks
After a "tactical correction" in August, stocks should resume their uptrend although a peak for the current bull market in stocks in summer 2020 is possible, said strategists at JP Morgan.