Market

Global equity sell-off sends European shares sharply lower

Published by Reuters UK (Reuters) – European stocks slumped on Friday, tracking a sell-off in global equity markets that was sparked by jitters around the U.S. Federal Reserve’s tightening pace and weak economic data. The pan-European STOXX 600 dropped 1.3%, following Asian and Wall Street sessions as investors anxiously looked forward to next week’s Fed […]

Market

Asian shares slide after more losses on Wall Street

Washington, Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street, said an AP report. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regiona…

Market

Turkey strikes currency swap deal with UAE as ties warm

Published by Reuters ISTANBUL (Reuters) -Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in local currencies, in a sign of warming diplomatic ties that provides Ankara financial support as it faces economic turmoil. The deal between the countries’ central banks comes after the regional rivals sought […]