Fidelity Top Stories
Shell cuts dividend for first time in 80 years as profit plunges
Royal Dutch Shell slashed its dividend for the first time since 1945, saying it was “imprudent” to maintain payouts as the coronavirus levels devastated oil demand and prices.
Chicago PMI slides past forecasts in April
A key manufacturing sector gauge for the Chicago area fell more sharply than expected in April, plumbing its lowest level since the trough of the Great Financial Crisis in March 2009.
CMA to probe Covid-19 cancellation policies as complaints soar
The UK’s competition watchdog has launched an investigation into cancellation policies after a rash of complaints during the coronavirus outbreak.
ECB ready to increase emergency bond buying programme, use all tools
The European Central Bank kept the door open to ramping up its emergency bond purchase programme, all its policy tools in fact.
Initial weekly US jobless claims continue to soar
The US jobs market continued to deteriorate at a rapid pace during the last week for which data were available.
ECB eases rates on TLTROs, will support money markets
Rate-setters in the euro area unexpectedly eased their policy settings further at Thursday's meeting but did not expressly reiterate in its policy statement that its pandemic emergency bond purchase programme, known by the acronym PEPP, might be further increased in size.
AstraZeneca, Oxford University team up to develop Covid-19 vaccine
Pharma giant AstraZeneca said it had teamed up with the University of Oxford to develop and distribute a potential coronavirus vaccine with the first results from clinical trials set to arrive over the next few months.
Top US expert hails 'quite good news' on Gilead Sciences's Remdesivir
Gilead Sciences might be onto something with its antiviral treatment for Covid-19, Remdesivir, the US government's top infectious-disease specialist said.