Turkey is under a speculative attack as the recent developments in the lira cannot be explained by the country’s economic fundamentals, Isbank chief executive Adnan Bali said on Monday.
Turkey’s interior ministry said on Monday it was taking necessary legal measures on social media posts regarding the dollar exchange rate that create a negative perception of the economy .
Shares in Bayer plunged more than 10 percent to their lowest in almost two years after a California jury ordered the German company’s subsidiary Monsanto to pay $289 million in damages last week.
Shares in Bayer plunged almost 10 percent to their lowest in almost two years after a California jury ordered the German company’s subsidiary Monsanto to pay $289 million in damages last week.
Chinese officials have been mostly measured and moderate in their response to U.S. President Donald Trump’s ratcheting up of a trade war with Beijing in recent weeks through his announcement of a series of punitive tariffs. They have generally avoided adding to tensions, allowing the Communist Party’s official media to make the most bellicose comments.
As China’s leaders gather for their annual Yellow Sea retreat, the country’s political waters are looking choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as he wants as China’s most dominant leader since Mao Zedong. Mounting criticism of the Xi administration’s policies has exposed the risks he faces from amassing so much power: He’s made himself a natural target for blame. …read more […]
With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-metre “Aster” is one of Dutch shipyard Heesen’s more modest superyachts.
Tesla Inc’s handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media.
Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. Tesla’s shares closed up 11 percent before retrenching after the Wall Street Journal reported that the U.S. Securities and Exchange Commission (SEC) had asked Tesla why Musk announced his plans on Twitter and whether his statement was truthful. …read more […]
Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbours, including the U.S. dollar, Swiss franc and yen. The run from risk dragged MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.3 percent to a five-week low. Japan’s Nikkei lost 1.6 percent with every bourse in the region in the red. …read more […]
Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen.
Aug.12 — Divya Devesh, head of Asean and South Asia FX research at Standard Chartered Bank, discusses the Turkish lira and how the crisis in Turkey may impact other currencies. He speaks on “Bloomberg Markets: Asia.” …read more […]
Aug.12 — Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to people with knowledge of the fund’s plans. Bloomberg’s Su Keenan reports on “Bloomberg Daybreak: Australia.” …read more […]
Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen.
Aug.12 — Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd. in Singapore, talks about the Turkish lira, Asian currencies, the euro and the dollar. He speaks with Ramy Inocencio and Yvonne Man on “Bloomberg Daybreak: Asia.” …read more […]
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