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Erdogan: Turkey will boycott US electronics; lira steadies

Erdogan: Turkey will boycott US electronics; lira steadies

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.

Turkey banks get respite on liquidity moves, policy calls

Turkey banks get respite on liquidity moves, policy calls

Turkish policy makers’ steps to support the financial system helped bolster investor confidence and gave the nation’s financial sector a much-needed breather yesterday.

Islamic finance well received in Morocco after last year’s launch

Islamic finance well received in Morocco after last year’s launch

Islamic finance and banking are on a rapid growth pattern in Morocco, only shortly after the country’s central bank, Bank Al-Maghrib, finally and after several delays in July 2017 officially introduced a comprehensive regulatory framework for what it calls “participation banking” in the north Africa

China revs up spending plan as economy cools

China revs up spending plan as economy cools

China’s domestic demand slowing further; little impact from US trade war yet but tougher measures loom; China growth-boosting moves will take time to kick in

UK jobless rate falls to new 43-year low, but pay growth weakens

UK jobless rate falls to new 43-year low, but pay growth weakens

Unemployment rate falls to 4.0%, lowest since 1975; number of EU nationals working in UK falls at record pace; annual productivity growth highest since late 2016; annual pay growth slows to 2.4%; zero-hours contracts fall to lowest since 2015

Canada’s biggest builder faces ‘new level of risk’ in govt’s feud with Saudi

Canada’s biggest builder faces ‘new level of risk’ in govt’s feud with Saudi

Canada’s diplomatic clash with Saudi Arabia is threatening a key pillar of SNC-Lavalin Group Inc’s growth plan.

Jet Airways lenders wary of giving new loans: Sources

Jet Airways lenders wary of giving new loans: Sources

Jet Airways India Ltd’s lenders are reluctant to extend additional loans to the cash-strapped airline ahead of a key report by the company’s financial auditor, according to people with direct knowledge of the matter.

Chinese automaker seeks to raise $1.8bn in US listing

Chinese automaker seeks to raise $1.8bn in US listing

Chinese electric vehicle start-up NIO on Monday filed for a $1.8bn initial public offering of its American depositary shares, the biggest US listing by a Chinese automaker.

India rupee breaches 70 a dollar as Turkey rout complicates RBI’s job

India rupee breaches 70 a dollar as Turkey rout complicates RBI’s job

There’s not a moment of respite for India’s inflation-targeting central bank.

Indian rupee hits record low of 70 to the dollar

Indian rupee hits record low of 70 to the dollar

The rupee has been on a downward spiral throughout 2018 after starting the year at 63.67.

Musk talking to Saudi fund, others as he seeks Tesla buyout financing

Musk talking to Saudi fund, others as he seeks Tesla buyout financing

Tesla Inc Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia's sovereign wealth fund convinced him he could secure funding to take the electric car-maker private

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