Turkey trouble rattles Wall St., banks worst hit
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.
Tesla short-sellers back in force as shares remain shaky
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.
Packager SIG Combibloc on track to announce listing in September: sources
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).
Turkey turmoil rocks world stock markets, euro falls
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 appoints al-Dabbagh as senior VP of finance
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.
Federal Reserve fines Citigroup $8.6 million for faulty mortgage document practices
The Federal Reserve said Friday it had fined Citigroup $8.6 million over shoddy mortgage documentation practices at a subsidiary.
U.S. inflation pressures rise in July; Fed on track to lift rates
U.S. consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures that keeps the Federal Reserve on track to gradually raise interest rates.
Turkey turmoil spills over to Wall St., shaves 200 points off Dow
The Dow Jones Industrial Average fell more than 200 points on Friday amid a widespread selloff in global stocks as the Turkish lira tumbled due to concerns over the country’s economy and a deepening rift with the United States.
Ryanair strike hits 55,000 passengers across Europe
Ryanair endured its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season.
Wall St. set to open lower on Turkey turmoil
U.S. stocks were set to open lower on Friday, as a plunging Turkish lira rattled global markets due to concerns over the country’s economy and a deepening rift with the United States.
