Business

Qatar pledges $15 billion to Turkey as lira rallies

Qatar pledges $15 billion to Turkey as lira rallies

/
ISTANBUL (Reuters) - Turkey’s Gulf ally Qatar pledged $15 billion of investment into the Turkish economy on Wednesday, offering further support to a lira rally after the central bank tightened liquidity and curbed selling of the currency. Qatar’s Emir approved the package of economic projects, investments and deposits after a meeting in Ankara with President…
White House condemns Turkey’s tariffs on U.S. imports
Google provides data on U.S. political advertising
Turkish finance minister says Turkey-Qatar will improve cooperation
U.S. says EU stalling on Airbus, blocks request for WTO compliance panel
Global stocks, commodities tumble; emerging markets hit as dollar rises, yuan falls

Global stocks, commodities tumble; emerging markets hit as dollar rises, yuan falls

/
NEW YORK (Reuters) - 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. The stronger dollar also put commodities under pressure across the board, with copper hitting a 12-month low…
Uber narrows loss but still a long way from profitability

Uber narrows loss but still a long way from profitability

/
SAN FRANCISCO (Reuters) - Uber Technologies Inc said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019. FILE PHOTO: An Uber logo is seen on a car…
SEC scrutiny of Tesla grows as Goldman hints at advisor role

SEC scrutiny of Tesla grows as Goldman hints at advisor role

/
WASHINGTON (Reuters) - 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. The electric carmaker’s shares fell as much as 4 percent but cut their losses…