Turkey’s Gulf ally Qatar pledged $15 billion of investment into the Turkish economy on Wednesday, offering further support to a lira rally after the central bank tightened liquidity and curbed selling of the currency.
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.
Turkey and Qatar will improve cooperation after Doha pledged to invest $15 billion in Turkey, Turkish Finance Minister Berat Albayrak said on Wednesday.
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.
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.
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.
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.
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.
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.
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.
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 […]
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.
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 […]
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.
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.
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