A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds.
Emirates Airline [EMIRA.UL] expects a single-digit percentage rise in its U.S. capacity in 2018, as the market rebounds after travel restrictions imposed by the Trump Administration weakened demand from the Middle East early last year, a company executive said on Friday.
U.S stocks fell on Friday as a deepening crisis in Turkey dragged on bank stocks and triggered fears that it could spread to other global economies.
German carmaker BMW on Friday said around 400 BMW X4 vehicles, built in Spartanburg South Carolina, are being withheld from delivery to Chinese customers until a potential brake problem has been fixed as part of a global safety recall.
Its shares fell after the real estate specialist issued a disappointing outlook in its second-quarter report. …read more […]
Heineken NV , the world’s second-largest beer maker, is considering closing two factories in northeastern Brazil as “an extreme measure” after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement.
Analysts say Advanced Micro Devices, Inc. (Nasdaq: AMD) is well-positioned to take market share away from data center and PC processor market leader Intel Corporation ( INTC), now that Intel delayed the launch of its 10 nanometer processors until 2019. On Friday, Goldman Sachs simultaneously downgraded INTC and upgraded AMD stock and said AMD market share gains may not just be temporary. According to analyst Toshiya Hari, AMD has a golden opportunity to win over business from Intel customers. …read more […]
U.S stocks slid on Friday, with banks taking the biggest hit, as concerns over Turkey’s economy and its deepening rift with the United States roiled stock markets around the world.
The number of Tesla Inc shares sold short has rebounded and are now higher than before CEO Elon Musk proposed on Tuesday taking the electric car maker private, according to data from financial technology and analytics firm S3 Partners.
SIG Combibloc is on track to announce in September its intention to float on the stock market in Zurich, three sources familiar with the matter said, in a listing that could value the Swiss packaging maker at close to 5 billion euros ($5.7 billion).
Like many tech stocks, Cisco Systems (NASDAQ:CSCO) has declined in recent days. Now that the shares are roughly 7.5% off the highs reached in May, is it time to pull the trigger and buy Cisco? For those interested in the name, here are three catalysts that can push Cisco higher. …read more […]
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds.
Saudi Aramco appointed Khalid al-Dabbagh as senior vice president of finance, strategy and development, effective Sept. 1, the company said in a statement on its website on Friday.
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fears of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds. The lira fell as much as 14 percent against the dollar, chalking up its worst day since Turkey’s financial crisis of 2001. Bank shares across the continent fell and the euro slipped to its lowest since July 2017 as the Financial Times quoted sources as saying the European Central Bank was concerned about European lenders’ exposure to Turkey. …read more […]
Investors dumped euro zone bank shares on Friday on concerns about their exposure to Turkey as the lira fell to yet another record low with a defiant government showing few signs it is ready to take decisive steps to stabilise the currency. A widening rift with the United States, its main NATO ally, and President Tayyip Erdogan’s grip on monetary policy under a new powerful executive presidency have helped to drive the lira down by more than 40 percent this year, a particular vulnerability for Turkish banks as over a third of their lending is in foreign currencies. …read more […]
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