* Government adopts new nationwide restrictions to curb pandemic. * 'We don't have any time to lose,' president says. * Moves come as new infections soar. Switzerland on Wednesday ordered dance clubs closed and added new mask requirements while leaving the nation largely open for business as it tries to contain surging COVID-19 cases without resorting to a stricter, economy-crippling lockdown.
The Turkish Central Bank said on Wednesday that recently elevated pandemic-related restrictions in European countries kept downside risks to external demand and the export outlook in place. In the minutes of its latest monetary policy committee meeting, where it kept the benchmark rate steady, the central bank said electricity prices increased this month.
Turkey will take all legal and diplomatic steps needed in response to a caricature of President Tayyip Erdogan in the French satirical weekly Charlie Hebdo, Turkey's Communications Directorate said on Wednesday. Top Turkish officials condemned the caricature, calling it a "disgusting effort" to "spread its cultural racism and hatred".
Turkish President Tayyip Erdogan has filed a criminal complaint with Turkish authorities against prominent Dutch far-right leader Geert Wilders saying that he had insulted him on social media, state-owned Anadolu news agency said on Tuesday.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Olga Cotaga. Sterling was neutral on Tuesday and analysts believe that it won't change by much even if Britain and the European Union clinch a Brexit trade deal.
* Lira hits a second consecutive record low. * Russia announces new rules to halt coronavirus spread. * MSCI EM stocks index flat. By Ambar Warrick. Turkey's lira hit a record low on Tuesday and most other emerging market currencies in Europe, Middle East and Africa fell as a rise in coronavirus infections and little progress in U.S. stimulus talks dampened demand for risk-linked assets.
European stocks slipped on Tuesday after sharp declines in the previous session, as weakness in miners and automakers offset upbeat results from UK blue-chip companies HSBC (HSBC) and BP. The pan-European STOXX 600 index slipped 0.1% by 0820 GMT after closing at a one-month low on Monday, while the German DAX was down 0.2% after hitting a four-month low.
Swiss chocolate sales fell 14.3% in the first eight months of the year as the COVID-19 pandemic hit travel retail and the industry's business with hotels and restaurants. The decline was even more marked in the four months to August, at 21.5%, with both domestic sales and exports hit, industry association Chocosuisse said in a statement on Tuesday.
The United States, Russia, France and many other countries are setting records for coronavirus infections as a tidal wave of cases washes over parts of the Northern Hemisphere, forcing some countries to impose new curbs. The gloom weighed on global financial markets on Monday as surging infections clouded the economic outlook.
The issuer hopes to expand its investor base to lure European investors with the move and will explore conducting non-deal road shows to highlight its green and ESG efforts in the municipal market.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
