August 13, 2018

World stocks hit one-month low as Turkish rout spreads

World markets shuddered on Monday, as Turkey’s worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government […]
August 13, 2018

Futures drop on worries about Turkey currency crisis

U.S. stock index futures fell on Monday as a meltdown in Turkish lira weighed on shares of big U.S. lenders and triggered a widespread selloff in […]
August 13, 2018

Turkish lira pulls back from record low, markets rattled

Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve […]
August 13, 2018

Turkish Isbank CEO says Turkey facing serious speculative attack

Turkey is under a speculative attack as the recent developments in the lira cannot be explained by the country’s economic fundamentals, Isbank chief executive Adnan Bali […]
August 13, 2018

Dutch superyacht builders propelled by rising economic tide

With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-metre “Aster” is one of Dutch shipyard Heesen’s more modest […]
August 13, 2018

Tesla’s slow disclosure raises governance, social media concerns

Tesla Inc’s handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance […]
August 13, 2018

Asian shares, euro trampled as Turkish rout spreads

Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and […]
August 13, 2018

Asia shares, euro under water as Turkish lira sinks

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 […]
August 12, 2018

Empty shipyard and suicides as ‘Hyundai Town’ grapples with grim future

When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and […]
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