Fidelity Top Stories
Turkish central bank cuts interest rates, as expected
Rate-setters in Ankara decided to lower official interest rates on Wednesday, as expected.
Boeing to inspect 737 MAX planes as debris found in fuel tanks
Boeing's woes continued on Wednesday when the troubled aircraft maker was forced to order inspections of all its 737 MAX planes after debris was discovered in the fuel tanks of some planes.
Coronavirus replaces trade war as risk for equities, BofA says
The coronavirus has replaced disputes over trade as one of the biggest risks to stock markets as optimism among fund managers weakens, a Bank of America survey showed.
Apple withdraws quarterly guidance due to slow return to normal in China
Apple withdrew its guidance for first quarter sales due to a slower-than-expected return to normal conditions in China after the extended Lunar New Year holidays at both its suppliers and its stores in the Asian giant.
NMC founder Shetty quits over share reporting scandal
Indian billionaire BR Shetty has resigned as a director and co-chair of Middle East healthcare firm NMC Health as the crisis from the unreported share transaction scandal at the company deepened.
RBS profits rise as bank unveils name change to Natwest
Royal Bank of Scotland on Friday unveiled a better-than-expected rise in annual profits and said it was changing its name to Natwest Group.
Javid quits as UK finance minister, replaced by Rishi Sunak
Sajid Javid resigned as UK finance minister after Prime Minister Boris Johnson demanded he fire his advisers as Downing Street sought to seize control of economic policy from the Treasury.
Johnson eliminates dissenters from Cabinet in reshuffle
Prime Minister Boris Johnson eliminated dissenters from his Cabinet in a reshuffle on Thursday as he fired Andrea Leadsom as Business Secretary and the popular Julian Smith from the Northern Ireland portfolio.
Opec blames coronavirus as its cuts forecasts for oil demand
Opec has cut its forecasts for oil demand in 2020, over concerns that the coronavirus outbreak will weigh heavily on the global economy.
Number of new coronavirus cases in China slips on Tuesday
The World Health Organisation's latest update on the new China coronavirus, published on Tuesday, appeared to show a further slowdown in the number of new cases in the Asian giant and globally, with those in the former slipping from 3,073 on Monday to 2,484 on Tuesday.
Fed monitoring coronavirus impact and ready to act, Powell tells Congress
The US central bank, the Federal Reserve, is ready to move on interest rates if needed and is monitoring the fallout from the new coronavirus in China, the head of the US central bank said.
Government gives green signal to HS2 rail link
The government has decided to go ahead with the HS2 link for high-speed rail between London, the Midlands and northern England after months of uncertainty over the £106bn project.
Hong Kong's Link pulls out of Intu fundraising talks
Intu Properties shares plunged after a big potential investor pulled out of talks to provide fresh funds, throwing the shopping centre operator's survival plans into doubt.
US small business optimism improves in January
The National Federation of Independent Business' small-business optimism index rebounded from a slight decline at the end of 2019, rising to 104. 3 points in January from the 102. 7 recorded a month earlier.
Sinn Féin declares victory in Irish elections
Sinn Féin has managed to secure a victory in Ireland’s general elections and requested talks with rivals Fine Gael and Fianna Fáil to form a coalition government.
Coronavirus helps push China inflation to eight-year high
Inflation in China has surged to an eight-year high, after the coronavirus outbreak disrupted supply chains and households scrambled to stock up on essentials.
NMC confirms bid approaches from KKR, GK Investment
NMC Health confirmed it had received “highly preliminary” approaches from Kohlberg Kravis Roberts & Co and GK Investment to buy the company as its founder and a major shareholder were forced to step back from the board after their shareholdings had been reported incorrectly to the market.
US non-farm payrolls jump by 225,000 in January
Hiring in the US accelerated by more than expected at the turn of the year alongside a pick up in wage growth, helped by the third mildest weather for the month of January on record.
FCA warns against sale of customer data to claims handlers
The Financial Conduct Authority has warned company administrators and claims management companies after discovering that some administrators had tried to sell customer data to claims handlers.
US hiring surges in January, ADP says
A closely-followed tally of private sector job growth grew far more quickly than anticipated last month.