Wall Street opens higher on optimism around NAFTA progress
U.S. stocks opened higher on Monday, with the benchmark S&P 500 index and the Nasdaq hitting record highs on optimism around news that the United States and Mexico were closing in on a trade deal.
Murder of Didi passenger prompts China clampdown, outrage
China pledged on Monday to tighten oversight of its transport industry and warned that the country did not need ride-hailing firms which compromised on passenger safety, days after a Didi Chuxing passenger was raped and murdered by her driver.
Tesla shares dip 3 percent after Musk abandons buyout
Shares in Tesla Inc fell just under 3 percent on Monday after Chief Executive Elon Musk abandoned his plan to take the electric carmaker private, with analysts saying the company needed new blood among senior management to prop up its standing with in…
Turkish lira weakens 3 percent as markets reopen, eyes on U.S. stand-off
The Turkish lira slid 3 percent against the dollar on Monday as local markets resumed trading after a week-long holiday and investors focused again on a bitter dispute between Ankara and Washington over an American pastor being tried in Turkey.
Turkish lira slides nearly 5 percent as U.S. stand-off back in focus
The Turkish lira tumbled nearly 5 percent against the dollar on Monday after a week-long holiday, hit by persistent concern about a diplomatic rift with Washington over a U.S. pastor on trial in Turkey.
World stocks at highest in over two weeks, China’s yuan rallies
World stocks rose to their highest level in over two weeks on Monday, following reassuring comments from the U.S. Federal Reserve chief, signs of progress on a U.S.-Mexico NAFTA trade deal and a bid by China’s central bank to stabilize the yuan.
Turkey’s economic pain felt as far as Tennessee
Turkey’s currency crisis has roiled emerging-markets investors far and wide, including the U.S. state of Tennessee, where the state’s retirement system is the biggest institutional holder in a Turkey exchange-traded fund (ETF).
U.S. monitor seeks more transparency from VW over emissions
Volkswagen’s external compliance monitor on Monday said he disagreed with some VW executives’ use of privacy and attorney client privilege rights to withhold information about a $27 billion global emissions cheating scandal.
Yuan hits four-week high as China signals support, revives X-factor for fixing
China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irri…
World stocks at highest in over two weeks, China’s yuan firms
World stock markets rose to their highest level in more than two weeks on Monday as reassuring comments from the U.S. Federal Reserve chief, an easing in trade war jitters and a bid by China’s central bank to stabilize the yuan lifted risk appetite.
