Business News
European bank stocks lose more ground as concerns on Turkey spread
Shares in Europe’s major banks lost further ground on Monday, as concerns about Turkey’s deepening currency crisis spread to other emerging markets.
Year: 2018
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European bank stocks lose more ground as concerns on Turkey spread
Shares in Europe’s major banks lost further ground on Monday, as concerns about Turkey’s deepening currency crisis spread to other emerging markets. Turkey’s lira pulled back from a record low against the dollar on Monday morning after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but the currency’s meltdown continued to shake global markets. The lira has lost most than 40 percent of its value so far in 2018. …read more […]
Business News
Futures drop on worries about Turkey currency crisis
U.S. stock index futures fell on Monday as a meltdown in Turkish lira weighed on shares of big U.S. lenders and triggered a widespread selloff in global equities.
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The Zacks Analyst Blog Highlights: Apple, Amazon.com, Adobe, Micron Technology and Intel
The Zacks Analyst Blog Highlights: Apple, Amazon.com, Adobe, Micron Technology and Intel …read more […]
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Why Smart People Take Social Security at 62
Claiming early could sometimes give you a higher household income. …read more […]
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Bayer Shares Plunge After Monsanto Loses Roundup Cancer Trial
Aug.13 — Bayer AG shares plunged the most in nearly seven years after Monsanto Co. lost a trial related to Roundup weed killer. Bloomberg’s Naomi Kresge reports on “Bloomberg Surveillance.” …read more […]
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What We Still Don’t Know About Musk’s Plan for Tesla
Elon Musk is either in the midst of pulling off the go-private deal of the century, or he’s making the best of a weak hand in a game of high-stakes poker before the company reports earnings in early November. Musk has shown a facility for gambling before. The recap: On Tuesday, Musk dropped a bombshell, tweeting that he is “considering taking Tesla private at $420 a share. …read more […]
Business News
Barclays shifting ownership of European branches to Irish unit ahead of Brexit: sources
Barclays has begun shifting direct ownership of its French, German and Spanish branches from a British-based entity to its Irish bank, according to sources with direct knowledge of the plans, ahead of Britain’s exit from the European Union.
Business News
Germany aims to end use of glyphosate in this legislative period: spokesman
Use of glyphoste-based weed-killers should be halted during the current legislative period which ends in three years, a spokesman for the German environment ministry said on Monday.
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Good idea for Tesla to go private?
USA Today business reporter Nathan Bomey on the fallout from Tesla CEO Elon Musk’s tweet that he was considering taking the company private. …read more […]
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Turkish lira pulls back from record low, markets rattled
Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown continued to rattle global markets. The currency has lost more than 40 percent against the dollar this year, largely over worries about President Tayyip Erdogan’s influence over the economy, his repeated calls for lower interest rates, and worsening ties with the United States. On Friday that relentless slide turned into a crash: the lira dropped as much as 18 percent, hitting U.S. and European stocks …read more […]
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Security experts, Trump allies alarmed by Omarosa recordings
Former presidential adviser Omarosa Manigault Newman is drawing fire from President Donald Trump’s allies and national security experts for secret recordings she made at the White House, including her firing by chief of staff John Kelly in the high-security Situation Room. Manigault Newman said Sunday on NBC’s “Meet the Press” that she surreptitiously recorded a number of conversations in the White House for her own protection. Parts of her conversation with Kelly were played on the air. …read more […]
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Is This Massive 15% Yield Worth the Risk?
Buckeye Partners’ management swears its payout is secure, but yields this high don’t usually stick around for long. …read more […]
Business News
Bayer shares fall 10 percent after Monsanto’s Roundup cancer trial
Bayer shares plunged more than 10 percent on Monday after a California jury ordered the German company’s newly acquired Monsanto subsidiary to pay $289 million for not warning of cancer risks posed by its main weed killer.
Business News
Exclusive: Shell global refining boss Ryerkerk to step down – memo
The head of Royal Dutch Shell’s global refining operations Lori Ryerkerk will step down at the end of the month after five years in a job where she oversaw a vast overhaul of the business, according to an internal memo seen by Reuters.