United Kingdom


GRAPHIC-Turkey tantrum? Investors fret over contagion from lira plunge

LONDON, Aug 14 The plunge in Turkey's lira to a series of record lows over the past week sent tremors through global markets. While the currency has recovered a little lost ground since Tuesday, investors are fretting about contagion via stress on foreign banks and firesales of emerging market assets.

EMERGING MARKETS-Lira rebounds, but Chinese ban of video game spooks shares

LONDON, Aug 15 Turkey's battered lira gained for a second day on Wednesday as its central bank moved to whack short sellers, but a Chinese ban of a video game left MSCI's $2 trillion emerging-market share index near bear-market territory.

Blackstone may buy stake in India's Jet Airways loyalty arm - Bloomberg

Aug 15 U.S. private equity firm Blackstone Group LP is in talks to acquire a stake in the frequent-flier loyalty programme of Jet Airways (India) Ltd, Bloomberg reported on Wednesday, citing people familiar with the matter.

GLOBAL MARKETS-Asian stocks hit 1-year low amid Turkey woes, bearish China equities

* Spreadbetters expect European stocks to open slightly higher

Regulatory News 6:13am BST

GLOBAL MARKETS-Asian stocks retreat as Turkey worries weigh, dollar buoyant

* Turkish woes linger; safe-haven dollar rises to 13-month high

Regulatory News 3:54am BST

REFILE-GLOBAL MARKETS-Asian stocks weaken as Turkey worries weigh, dollar stands tall

* MSCI Asia-Pacific index down 0.15 pct, Nikkei drops 0.15 pct

Regulatory News 2:10am BST

Ford to invest $740 mln in Detroit train station, city development project

WASHINGTON, Aug 14 Ford Motor Co disclosed Tuesday it will spend $740 million on a project to revamp Michigan Central Station, Detroit’s historic but dilapidated former rail station, as well as other neighborhood sites.

Regulatory News 12:00am BST

Ackman's Pershing Square trimmed ADP stake in 2nd quarter -filing

BOSTON, Aug 14 William Ackman's Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in the second quarter, a regulatory filing on Tuesday showed.

Regulatory News, 14 Aug 2018

EMERGING MARKETS-Latam stocks up as Turkey panic subsides, Argentina peso rebounds

(Recasts with currency gains, updates prices) SAO PAULO, Aug 14 Latin American equities mounted a second day of a comeback on Tuesday as the region shook off the impact of panic selling in Turkey's lira, while the currencies of Mexico, Brazil and Argentina rebounded from the global battering. After a three-week drubbing, the lira pulled out of a nosedive after the country's finance minister sought to reassure investors. The Argentine peso climbed after that country's c

Regulatory News 14 Aug 2018
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