Wednesday 15 August 2018

Daily Investor Update: Qatar pledges $15 billion to Turkey as lira rallies

Reuters.com Newsletter

Qatar pledges $15 billion to Turkey as lira rallies

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.

White House condemns Turkey's tariffs on U.S. imports

The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action "a step in the wrong direction."

Google provides data on U.S. political advertising

Google has added a section to its twice-yearly transparency report to show who buys U.S. election ads on its platform and how much money is spent on political advertising, the search engine giant said on Wednesday.

Turkish finance minister says Turkey-Qatar will improve cooperation

Turkey and Qatar will improve cooperation after Doha pledged to invest $15 billion in Turkey, Turkish Finance Minister Berat Albayrak said on Wednesday.

U.S. says EU stalling on Airbus, blocks request for WTO compliance panel

The United States said on Wednesday the European Union and four of its planemaker states have failed to bring subsidies for Airbus into line with a WTO ruling of last May, an accusation refuted by the EU.

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

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.

Uber narrows loss but still a long way from profitability

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.

SEC scrutiny of Tesla grows as Goldman hints at advisor role

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.

U.S. stocks drop as dollar surges, trade row heats up

U.S. stocks sold off on Wednesday on concerns over a strengthening dollar, Turkey's currency crisis and global trade tensions, with all three major indexes on track for their worst days since late June.

Air France-KLM unions bristle as Air Canada executive tipped for CEO job

French pilot unions hit out at the possible appointment of Air Canada's chief operating officer Benjamin Smith as Air France-KLM's new boss, after several newspapers reported that he was poised to be named to the job on Thursday.

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