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.
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.
* Turkish lira extends bounce but dollar stays firm at 13-mth high
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.
* Spreadbetters expect European stocks to open slightly higher
* Turkish woes linger; safe-haven dollar rises to 13-month high
* MSCI Asia-Pacific index down 0.15 pct, Nikkei drops 0.15 pct
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.
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.
(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
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