Trading Ideas

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 […]

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 […]

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 […]

Aug.12 — The Turkish lira has now stemmed declines after the banking regulator said it’s limiting swap transactions as the country faces another week of potential market turmoil. Turkey’s president lashed out at the U.S. over the weekend, threatening to find new alliances as well as new markets. Bloomberg’s Ros Krasny reports on “Bloomberg Daybreak: Asia.” …read more […]

A lot was riding on Universal Display’s second-quarter results and especially its outlook for the rest of 2018. …read more […]

The euro was under pressure in Asia on Monday as fears about the exposure of European banks to crisis-hit Turkey sent investors scurrying to safe havens including the U.S. dollar, Swiss franc and yen. Regional stocks also looked likely to suffer as Turkey’s troubles tainted emerging markets in general, while boosting highly rated sovereign bonds. Much of the early action was in currencies with the euro gapping lower as the Turkish lira took another slide to all-time lows around 7.2400. …read more […]

HOUSTON (Reuters) – The heavy oil hydrocracking unit (HCU) at Royal Dutch Shell Plc’s (RDSa.AS) 209,787 barrel per day (bpd) Convent, Louisiana, refinery was shut after a fire early on Sunday, sources … …read more […]

President Donald Trump, using Twitter again to criticize a company he once hailed as a “true American icon,” gave his backing to Harley-Davidson Inc. motorcycle owners who may boycott the manufacturer if it moves some production out of the U.S. “Most other companies are coming in our direction, including Harley competitors. Great! Most other companies are coming in our direction, including Harley competitors. …read more […]

The Turkish lira sank to a fresh record low of 7.24 to the dollar in early Asia Pacific trade, as investor worries over the state of the economy and deteriorating ties with the United States continued to drag down the currency. The Turkish lira has lost about 40 percent of its value this year, largely over worries about President Tayyip Erdogan’s influence over the economy, his repeated calls for lower interest rates in the face of high inflation, and a row with the United States. …read more […]

Revenue and profit surged in this small-but-growing business segment. …read more […]

Will crowdsourced deliveries help the two companies counter Alibaba? …read more […]

Turkish President Tayyip Erdogan stood by his opposition to high interest rates on Sunday despite sharp falls in the currency, saying the lira’s weakness did not reflect the country’s economic realities. Speaking to supporters in Trabzon on the Black Sea coast, Erdogan dismissed suggestions that Turkey was in a financial crisis like those seen in Asia two decades ago, dampening expectations of a rate rise to support the currency. The Turkish lira has lost about 40 percent of its value this year, largely over worries about Erdogan’s influence over the economy, his repeated calls for lower interest rates …read more […]

While the popular low-fare carrier originally hoped to operate its first scheduled flights to Hawaii later this year, that now seems unlikely to happen. …read more […]