Business

ISTANBUL (Reuters) – Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank’s liquidity moves had the effect of supporting the currency. Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, August 14, 2018. REUTERS/Umit Bektas
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SYDNEY (Reuters) – Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected. FILE PHOTO: Men look at an electronic board showing stock information at a brokerage house in Beijing, China,
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FRANKFURT (Reuters) – Bayer (BAYGn.DE) shares plunged as much as 14 percent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer. After the verdict in favor of
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SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018.
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LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 18, 2018. REUTERS/Brendan McDermid 1/TESTING THE TAPER TANTRUM Five years ago,
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(Reuters) – U.S. stocks opened 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. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid The Dow Jones
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