Global stock markets slid Friday amid widespread concern over Turkey's economy and a deepening rift between the capitol and the United States.
U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank stocks and triggered fears that it could spread to other global economies.
The U.S. Food and Drug Administration approved the first drug that uses a “gene-silencing” technique—based on research that garnered a Nobel Prize for its pioneers more than a decade ago—but which drugmakers have found difficult to translate into effective medicines.
The U.S. government’s budget deficit widened 21% in the first ten months of the fiscal year when compared with the same period a year earlier—as spending jumped.
Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over spiralling sanctions.
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.
Emirates Airline [EMIRA.UL] expects a single-digit percentage rise in its U.S. capacity in 2018, as the market rebounds after travel restrictions imposed by the Trump Administration weakened demand from the Middle East early last year, a company executive said on Friday.
U.S stocks fell on Friday as a deepening crisis in Turkey dragged on bank stocks and triggered fears that it could spread to other global economies.
German carmaker BMW on Friday said around 400 BMW X4 vehicles, built in Spartanburg South Carolina, are being withheld from delivery to Chinese customers until a potential brake problem has been fixed as part of a global safety recall.
Heineken NV , the world's second-largest beer maker, is considering closing two factories in northeastern Brazil as "an extreme measure" after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement.
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.
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.
The movement against sexual harassment has finally spread to China, despite censorship and cultural barriers. New, high-profile allegations target executives in tech and media. Katrina Hamlin and Pete Sweeney discuss how far the campaign might go.
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).
"I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish lira, slides rapidly downward against our very strong dollar!" Trump posted on Twitter. Roselle Chen reports.
Ryanair cancelled roughly one in six of its flights on Friday after pilots based in Germany voted to join 24-hour stoppages set to hit Europe's biggest airline in Ireland, Sweden and Belgium. Thuy Ong reports