Business News
White House condemns Turkey’s tariffs on U.S. imports
The White House on Wednesday condemned Turkey’s doubling of tariffs on U.S. imports in response to Washington’s moves on imports of Turkish goods.
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Business News
Turkish finance minister says Turkey-Qatar will improve cooperation
Turkey and Qatar will improve cooperation after Doha pledged to invest $15 billion in Turkey, Turkish Finance Minister Berat Albayrak said on Wednesday.
Business News
U.S. says EU stalling on Airbus, blocks request for WTO compliance panel
The United States said on Wednesday the European Union and four of its planemaker states have failed to bring subsidies for Airbus into line with a WTO ruling of last May, an accusation refuted by the EU.
Business News
U.S. stocks drop as dollar surges, trade row heats up
U.S. stocks sold off on Wednesday on concerns over a strengthening dollar, Turkey’s currency crisis and global trade tensions, with all three major indexes on track for their worst days since late June.
Business News
Air France-KLM unions bristle as Air Canada executive tipped for CEO job
French pilot unions hit out at the possible appointment of Air Canada’s chief operating officer Benjamin Smith as Air France-KLM’s new boss, after several newspapers reported that he was poised to be named to the job on Thursday.
Business News
SEC scrutiny of Tesla grows as Goldman hints at advisor role
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plan to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources.
Business News
Global stocks, commodities tumble; emerging markets hit as dollar rises, yuan falls
Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China’s yuan rattled investors’ nerves.
Business News
Wall Street slips, turns risk averse on strong dollar, trade worries
U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
Business News
U.S. judge rules securities suit against Exxon, executives can proceed
A federal judge rejected Exxon Mobil Corp’s motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business.
Trading Ideas
IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private (TSLA)
Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday. It’s still unclear whether there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm. Follow Tesla’s stock price in real-time here. …read more […]
Business News
Turkey’s new finance chief faces credibility battle with markets
Facing Turkey’s gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference.
Trading Ideas
Tesla board to Musk: Stop Tweeting
Tesla’s board in damage control after Elon Musk’s controversial tweet. Yahoo Finance’s Seana Smith, Andy Serwer, Dan Roberts and Mattie Duppler, Senior Fellow at the National Taxpayers Union discuss. …read more […]
Business News
Financial Times boss to return some of $3.3 million pay after staff protest
Financial Times Chief Executive John Ridding is to pay back some of his 2.6 million pound ($3.3 million) salary after a group of the newspaper’s reporters complained about his pay.
Business News
Wall St slips, turns risk averse on strong dollar, trade worries
U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
Business News
Swiss ban some Mercedes, Porsche models over emissions
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.