By Nevzat Devranoglu and Behiye Selin Taner ANKARA (Reuters) - The Turkish lira plunged as much as 5 percent against the dollar on Thursday as investors continued to fret about moves by Turkish authorities to withhold lira liquidity from the London market. The central bank has made a series of moves...
By Tom Wilson LONDON (Reuters) - The Swiss financial watchdog said on Wednesday the firm behind a $90 million initial coin offering (ICO) took money illegally from investors, highlighting a readiness by regulators to apply traditional market rules to cryptocurrency-related fundraising. Swiss firm Envion AG, which is now in liquidation, accepted...
Investing.com -- The dollar is higher against most of its peers early Wednesday in Europe as a steady drumbeat of gloomy news about the economic outlook keeps a firm cap on risk appetite. U.S. housing and consumer confidence data both fell short of expectations Tuesday, and the negative tone was...
By Mike Stone WASHINGTON (Reuters) - As the U.S. further pushes to separate itself from Chinese telecommunications equipment maker Huawei Technologies, the Pentagon is laying the groundwork to use technology from rivals Nokia (HE:NOKIA) and Ericsson (BS:ERICAs) in its 5G development plans, a Pentagon official said on Monday. "I am not...
By Heather Somerville, Alexander Cornwell and Saeed Azhar SAN FRANCISCO (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late Monday night it would pay $1.4...
JOHANNESBURG (Reuters) - South Africa is likely to harvest 16 percent less maize in 2019 compared with the previous season after drought delayed plantings, a Reuters poll showed on Monday. The government's Crop Estimates Committee (CEC), which will provide its second production forecast for the 2019 crop on Tuesday, is...
Investing.com - German business confidence rebounded from near a five-year low in March, as businesses recovered slightly from uncertainty over global trade as a slowing economy dampened spirits in the euro zone’s largest economy. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of...
WASHINGTON (Reuters) - United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for the latest round of high-level trade talks scheduled to start on March 28, the White House said in a statement on Saturday. The United States also will receive a Chinese trade...
By Ali Kucukgocmen and Jonathan Spicer ISTANBUL (Reuters) - Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The BDDK watchdog said on Saturday...
BEIJING (Reuters) - China's economy may face a more challenging environment this year but the government is nevertheless confident of achieving its key 2019 targets, Vice Premier Han Zheng said on Sunday. Han, speaking at the China Development Forum, reiterated that China will further deepen market-oriented reforms and open up...