Fidelity Top Stories
UK and EU said to be close to draft legal text on Brexit
Negotiators for the UK and the European Union are close to reaching a draft deal for Britain's withdrawal from the bloc.
IMF slashes 2019-20 global GDP growth forecasts
The trajectory for global economic growth has shifted lower, according to the world's watchdog for financial stability.
China wants to lower tariffs in order to hit target for US farm imports
China could need to roll-back some of its tariffs on US goods in order to meet its commitments to Washington to ramp up purchases of American agricultural goods over the following two years.
US lawmakers mull legislation in support of Hong Kong demonstrators
US lawmakers are this week set to vote on three bills that would support pro-democracy demonstrators in Hong Kong, as protests in the city intensify.
US private equity firm Thoma Bravo to buy Sophos for £3.2bn
US private equity firm Thoma Bravo has agreed to buy cybersecurity company Sophos for $4bn (£3. 2bn).
JP Morgan sees upside for domestic UK and Irish banks in 'soft Brexit'
Equity analysts at JP Morgan sounded a more positive on the prospects for domestic UK and Irish banks should the country reach an agreement with the European Union withdrawal.
US and China reach partial trade agreement
Negotiators for the US and China appeared to make some headway in their trade talks on Friday, agreeing on the outlines of a preliminary deal that addressed some of Washington's grievances.
Americans look past impeachment row on Capitol Hill, University of Michigan says
US consumer sentiment jumped past forecasts in early October as Americans anticipated income growth and lower inflation over the year ahead, the results of a closely-followed survey revealed.
UK and Ireland see 'pathway to a possible deal'
The UK and Ireland said on Thursday that a Brexit deal could be within reach.
Apple removes Hong Kong police-tracking app from store
Apple removed the HKmap. live app from its store that allowed Hong Kong protesters to track police movements and the use of tear gas.
ECB's Praet responds to criticism of low interest rates, calls for fiscal stimulus
A former top European Central Bank official criticised other veterans of the institution for their criticism of the Governing Council's recent decision to provide more open-ended forward guidance, potentially locking-in lower policy interest rates for much longer.
Turkish forces march into Northern Syria after US withdrawal
Turkish troops have launched an offensive into Northern Syria just days after US President Donald Trump controversially announced the withdrawal of some US troops from the area.
UK financial system can weather no-deal Brexit, despite 'material' risks - BoE
The Bank of England believes there are “material” economic risks involved in a no-deal Brexit – but that British banks are strong enough to withstand the shock.
China urges US to scrap blacklist ahead of trade talks
China has “strongly urged” the US government to remove Chinese firms from its blacklist and to stop accusing them of breaching human rights laws ahead of trade negotiations scheduled for over the coming week.
Inflation target reflects 'pre-crisis world', says Bank of England rate-setter
A member of the Bank of England’s interest rate setting committee has said the current inflation target reflected a “pre-crisis world”.
US mulling restrictions on pension funds looking to invest in China - report
The White House is considering curbing US government pension funds investing in China, according to reports.
US blacklists Chinese tech firms ahead of crunch trade talks
America has blacklisted eight Chinese technology firms over their alleged involvement in human rights abuses.
Extinction Rebellion protesters glue themselves to Home Office and DfT
Extinction Rebellion activists glued themselves to the Department for Transport and the Home Office as part of two weeks of protests against climate change which are expected to include further demonstrations at other government buildings.
Debt to soar if UK crashes out of Europe without a deal, think tank warns
A leading think tank has warned that even a “relatively benign” no-deal Brexit would damage the UK economy, pushing debt up to levels not seen since the 1960s.
Washington ready to accept short-term deal with China if structural issues addressed
A top US official said on Monday that Washington was open to a short-term deal with China as long as "structural issues" such as American companies' access to the Asian giant and Chinese government subsidies for the their state-owned enterprises were on the table.