Investors flee risk as bear markets multiply: BAML
Investors pulled billions from equities this week, shifting into bonds and high dividend-yielding sectors as Turkey’s currency crisis sparked a global selloff and emerging markets entered bear territory, an analysis of fund flows showed on Friday.
Stocks steady on plans for U.S.-China trade talks; Turkish lira buckles
Caution seeped back into world markets on Friday, with news of U.S.-China trade talks offset by an end-of-week wobble in emerging markets as the Turkish lira’s recovery ran out of steam.
Futures dip as weak forecasts hit chip stocks, lira slides
U.S. stock index futures dipped on Friday as dour forecasts from Applied Materials and Nvidia weighed on shares of chipmakers and a recovery in Turkey’s lira ran out of steam.
Air France-KLM shares fall, Dutch pilots threaten to strike
Air France-KLM shares fell on Friday in response to the hostile reception from unions to the company’s new boss Benjamin Smith, while the airline’s Dutch pilots threatened to strike over working conditions.
Oil heads for weekly loss on economic growth concerns
Oil prices edged up on Friday but were heading for yet another weekly decline amid increasing concern over trade disputes and slowing global economic growth that could hit demand for petroleum products.
Stocks advance on plans for U.S.-China trade talks; Turkish lira buckles
World stocks rose on Friday as news of plans for U.S.-China trade talks soothed nerves over their tariff war, while the recovery in Turkey’s lira ran out of steam.
Musk’s SpaceX could help fund take-private deal for Tesla: NYT
Elon Musk’s rocket company, SpaceX, could help fund a bid to take electric car company Tesla Inc private, the New York Times reported on Thursday, quoting people familiar with the matter.
Toyota to increase production capacity in China by 20 percent: source
Japan’s Toyota Motor Corp will build additional capacity at its auto plant in China’s Guangzhou, a company source said, in addition to beefing up production at a factory in Tianjin city by 120,000 vehicles a year.
Greece set to exit bailout, still faces daunting challenges
Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures.
As Greek bailout draws to close, central Athens square still bears scars
Christos Papageorgiou has seen the kiosk he owns trashed, slept inside it with a fire extinguisher beside him and developed asthma from the teargas that rained down on Athens’s Syntagma Square during fierce protests against austerity.
