Asia shares, euro pressured by Turkish crisis
Asia share markets slipped and the euro hit one-year lows on Monday as a fresh fall in the Turkish lira fueled demand for safe havens, including the U.S. dollar, Swiss franc and yen.
Empty shipyard and suicides as ‘Hyundai Town’ grapples with grim future
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea’s annual average salary.
Euro on defensive as Turkish crisis sparks rush to safety
The euro was under pressure in Asia on Monday as fears about the exposure of European banks to crisis-hit Turkey sent investors scurrying to safe havens including the U.S. dollar, Swiss franc and yen.
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout – sources
Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sou…
Trump backs boycott of Harley Davidson in steel tariff dispute
President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc on Sunday, the latest salvo in a dispute between the company and Trump over tariffs on steel.
Collapsed UK retailer BHS pension scheme secured by $1 billion insurance buyout
The pensions of 9,000 employees of collapsed British department store chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm’s ‘BHS2’ scheme covering 800 million pounds ($1 billion) of liabilities.
U.S. soybean cargo docks in Chinese port after weeks at anchor amid trade row
A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China’s coast just as hefty tariffs were imposed on U.S. goods, according to Thomson Reuters Eikon shipping data.
Alaska seafood industry braces for China tariff pain
Alaska fishermen are used to coping with fickle weather and wild ocean waves. Now they face a new challenge: the United States’ trade war with China, which buys $1 billion in Alaskan fish annually, making it the state’s top seafood export market.
Beijing struggles to defuse anger over China’s P2P lending crisis
Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organize a protest planned for later that day.
Israel seeks early re-tender of mining rights to shore up Dead Sea
The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster.
