Stock markets fell sharply yesterday, with commodities-linked assets hit by dollar strength, while the lira recovered despite Turkish-US tensions ratcheting higher.
Samsung Electronics Co has unveiled the Galaxy Note 9 in New York, the latest iteration of a series of devices that ushered in the ‘phablet,’ which are between the size of a phone and tablet.
Indonesia’s central bank stepped up its battle to defend a beleaguered currency yesterday, raising interest rates for the fourth time since mid-May on top of government import curbs as Turkey’s financial crisis ripples across emerging markets.
Blackstone Group LP is in talks to buy a stake in the loyalty programme of Jet Airways India Ltd, the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said.
Retail sales increase 0.5% in July; core retail sales gain 0.5%; June revised down; productivity rises at 2.9% rate in second quarter
The move comes after US President Donald Trump announced that the United States was doubling steel and aluminium tariffs on Turkey.
President Recep Tayyip Erdogan said yesterday Turkey would boycott electronic products from the US, retaliating in a row with Washington that helped drive the lira to record lows.