Turkish finance minister says Turkey-Qatar will improve cooperation
Turkey and Qatar will improve cooperation after Doha pledged to invest $15 billion in Turkey, Turkish Finance Minister Berat Albayrak said on Wednesday.
U.S. says EU stalling on Airbus, blocks request for WTO compliance panel
The United States said on Wednesday the European Union and four of its planemaker states have failed to bring subsidies for Airbus into line with a WTO ruling of last May, an accusation refuted by the EU.
U.S. stocks drop as dollar surges, trade row heats up
U.S. stocks sold off on Wednesday on concerns over a strengthening dollar, Turkey’s currency crisis and global trade tensions, with all three major indexes on track for their worst days since late June.
Air France-KLM unions bristle as Air Canada executive tipped for CEO job
French pilot unions hit out at the possible appointment of Air Canada’s chief operating officer Benjamin Smith as Air France-KLM’s new boss, after several newspapers reported that he was poised to be named to the job on Thursday.
SEC scrutiny of Tesla grows as Goldman hints at advisor role
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plan to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources….
Global stocks, commodities tumble; emerging markets hit as dollar rises, yuan falls
Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China’s yuan rattled investors’ nerves.
U.S. judge rules securities suit against Exxon, executives can proceed
A federal judge rejected Exxon Mobil Corp’s motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business.
Turkey’s new finance chief faces credibility battle with markets
Facing Turkey’s gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference.
Corona owner invests another $4 billion in cannabis producer Canopy
Corona beer maker Constellation Brands will infuse another $4 billion into Canada’s top cannabis producer Canopy Growth , the biggest investment in the industry, to capitalize on booming demand for marijuana.
Financial Times boss to return some of $3.3 million pay after staff protest
Financial Times Chief Executive John Ridding is to pay back some of his 2.6 million pound ($3.3 million) salary after a group of the newspaper’s reporters complained about his pay.
