Fidelity Top Stories
HSBC profits plunge on higher Covid bad debt charges
HSBC interim profits plunged 65% as it increased provisions for bad debts by $3. 8bn amid the coronavirus crisis and accelerated plans to cut 35,000 jobs.
ISM factory PMI beats forecasts for July, but survey comments mostly downbeat
The most closely-followed gauge of manufacturing sector conditions in the US edged past forecasts last month, but as in Europe, companies were still loathe to hire.
Google expects to roll-out Covid-19 contract tracing app in coming weeks
Google expects to roll-out its Covid-19 contact tracing apps in the coming weeks.
Fed's Kashkari lays out case for 'really hard' lockdown
A top US Federal Reserve official made the case at the weekend for a "really hard" four-to-six week lockdown to suppress the novel coronavirus pandemic, adding that Congress had more than enough wherewithal to finance relief efforts.
Euro area factory PMI for July revised sharply higher
Factories in the single currency block whirred back to life last month, led by faster activity in Spain and Austria.
Carnival Aida cruises restart cancelled as Italy delays approval
Carnival on Monday said it had been forced to cancel short trips on its AIDA Cruises as the Italian government had still not granted approvals.
China July manufacturing PMI rises as recovery continues: Caixin
China’s manufacturing activity continued its recovery from the coronavirus crisis, the private Caixin/Markit survey revealed on Monday.