LONDON (Reuters) – A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and U.S. government bonds. A vendor gets a five Euro bank note from a customer at the central market
SHANGHAI (Reuters) – Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia’s rouble after the United States slapped new sanctions, and as economic worries sent the Turkish lira tumbling. Passersby using umbrellas struggle against a heavy rain and wind in front of
(Reuters) – The S&P and the Nasdaq inched towards a record on the back of high-flying technology trio of Apple, Amazon and Microsoft. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 18, 2018. REUTERS/Brendan McDermid The tech-heavy index .IXIC was up 0.33 percent at 7,914.22, a
LONDON (Reuters) – European stock markets struggled on Thursday with trade war worries, Russia’s ruble tumbled after the United States imposed fresh sanctions on the country and Turkey’s lira dropped to a new low. FILE PHOTO: A woman holds new 200 and 2,000 rouble banknotes in a bank in Moscow, Russia November 21, 2017. REUTERS/Maxim
(Reuters) – Drug store chain Rite Aid Corp (RAD.N) and U.S. grocer Albertsons Companies Inc ABS.N agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed the deal. Customers leave an Albertsons grocery store with their purchases in Burbank, California July 17, 2012.
HYDERABAD (Reuters) – IKEA will set some prices even lower in India than elsewhere when it opens its first store in the country on Thursday, as it woos cost-conscious shoppers unaccustomed to DIY furniture. Over a decade since floating the idea of Indian expansion, the Swedish retailer will finally mark its entry with a 400,000
BEIJING (Reuters) – China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth. FILE PHOTO: Chinese container ship “Cosco Shipping Aries” is
SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. “Am considering
(Reuters) – The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in
LONDON (Reuters) – GlaxoSmithKline (GSK.L) has named Iain Mackay from global bank HSBC (HSBA.L) as its new chief financial officer, marking another key appointment by Chief Executive Emma Walmsley as she reshapes the top team at Britain’s biggest drugmaker. FILE PHOTO: The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in Singapore,
NEW YORK (Reuters) – Sempra Energy’s (SRE.N) Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing for sweeping changes at the utility. FILE PHOTO: Sempra Energy headquarters is pictured in downtown San Diego, California, U.S., May 17, 2018. REUTERS/Mike Blake/File
NEW YORK (Reuters) – Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran. A man pumps gas into his car at a gas station in Caracas, Venezuela August 3, 2018.
SINGAPORE (Reuters) – Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. A man pumps gas into his car at a gas station in Caracas, Venezuela August 3, 2018. REUTERS/Marco Bello Markets also anticipated an announcement from Washington later on Monday
BEVERLY HILLS, Calif. (Reuters) – The president of CBS Entertainment said on Sunday that the broadcast network is committed to a safe workplace following a “tough week” clouded by allegations of sexual misconduct against Chief Executive Leslie Moonves. The CBS broadcasting logo is seen outside their headquarters in Manhattan, New York, U.S., July 30, 2018.
JAKARTA (Reuters) – Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Sunday. (L-R) Indonesia’s Foreign Minister Retno Marsudi stands beside Indonesia’s President Joko Widodo as he talks to U.S. Secretary of