By Wayne Cole SYDNEY (Reuters) - Asian markets faced a fresh stress test on Monday as a plunge in the Turkish lira lifted the safe-haven yen and blunted risk appetite, although the fallout so far looked to be relatively contained. The dollar was trading almost 15% higher on the lira at 8.3000 after...
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By Ebru Tuncay and Jonathan Spicer ISTANBUL (Reuters) - Turkey's lira plunged 16% to near its all-time low as markets opened after President Tayyip Erdogan made the shock weekend decision to oust a hawkish central bank governor and install a like-minded critic of high interest rates. The appointment of Sahap Kavcioglu, a former banker and ruling party lawmaker, in the early...
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(Reuters) - Australia and New Zealand Bank on Monday said it had agreed to settle a 2016 class action, filed in the United States against it, for alleged benchmark interest rate rigging. The lender said it did not admit liability. It also said the terms of the settlement were confidential and the financial impact would not be material. ...
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By Francesco Guarascio BRUSSELS (Reuters) - The European Union is rebuffing British government calls to ship AstraZeneca (NASDAQ:AZN) COVID-19 vaccines produced in a factory in the Netherlands, an EU official said on Sunday. Former EU member Britain has so far administered many more vaccines than EU countries in proportion to the population. "The Brits are insisting that the Halix plant in the...
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(Reuters) - Advertising technology firm ironSource agreed to go public through a merger with a blank-check company backed by private equity firm Thoma Bravo, at an implied pro forma equity value of about $11.1 billion, the companies said in a statement on Sunday. The deal with Thoma Bravo Advantage, a special purpose acquisition company (SPAC), is expected to provide ironSource up...
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MANCHESTER, England (Reuters) - Manchester United striker Marcus Rashford, who has influenced British government policy on food parcels for poor children, is seen kicking down Prime Minister Boris Johnson's front door in a new mural that appeared on Sunday. The black-and-white mural by an unknown artist was found on a wall covered in...
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LONDON (Reuters) - Bank of England Governor Andrew Bailey has been lobbying the British government to introduce a legal requirement for internet giants such as Google (NASDAQ:GOOGL) to take down financial fraud websites, according to a report in the Sunday Times. The report said Bailey had been lobbying Home Secretary Priti Patel, the interior minister, about the issue, asking for the measure...
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LONDON (Reuters) - Britain must preserve the gains of its COVID-19 vaccination campaign at all costs and avoid a situation where people would return from foreign holidays bringing vaccine-resistant variants with them, Defence Secretary Ben Wallace said on Sunday. Under its four-stage roadmap to easing restrictions, the government has said that foreign travel would be allowed to resume from May 17 at...
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By Valentina Za, Elisa Anzolin and Elvira Pollina MILAN (Reuters) - Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic. But instead of burning through the cash to pay overdue rent and bills, Ecofiltri is investing...
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(Reuters) - Cathie Wood's Ark Invest said it expects Tesla Inc's share price to reach the $3,000 mark by 2025. Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published https://ark-invest.com/articles/analyst-research/tesla-price-target-2/?utm_content=158811501&utm_medium=social&utm_source=twitter&hss_channel=tw-2398137084 on Friday. The investment management firm set the price target for Tesla at $1,500 per share on a bear...
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