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Business

Close race for the White House spooks financial markets

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Business

European markets hit by worries over US rate hike timing

Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week.

Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week.

Business

Samsung shares rise despite massive Note 7 smartphone recall

Samsung Electronics' shares rose on Monday despite the anticipated losses from the recall of 2.5 million Note 7 smartphones in 10 countries after the batteries in some caught fire or exploded.

Samsung Electronics' shares rose on Monday despite the anticipated losses from the recall of 2.5 million Note 7 smartphones in 10 countries after the batteries in some caught fire or exploded.

Business

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

Business

Turkish president dismisses S&P ratings cut

Ratings agency S&P has cut Turkey's credit rating due to rising political uncertainty. President Recep Tayyip Erdogan said domestic and international investors shouldn't be concerned.

Ratings agency S&P has cut Turkey's credit rating due to rising political uncertainty. President Recep Tayyip Erdogan said domestic and international investors shouldn't be concerned.

Business

Unilever and Roche results better than expected

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Business

Bank of England: fighting the Brexit blues

In this edition of Business Line we look at the role of Bank of England governor Mark Carney as he tries to calm the financial world following the Brexit vote.

In this edition of Business Line we look at the role of Bank of England governor Mark Carney as he tries to calm the financial world following the Brexit vote.

Business

Japan's Abe speaks on Brexit concerns

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow.

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow.

Business

London Stock Exchange - Deutsche Boerse merger under threat from Brexit

Britain's vote to leave the European Union is threatening the planned merger between the London Stock Exchange and Germany's Deutsche Boerse though the LSE says it remains on track.

Britain's vote to leave the European Union is threatening the planned merger between the London Stock Exchange and Germany's Deutsche Boerse though the LSE says it remains on track.

Business

Bank of England and ECB take measures to reassure markets

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

News

Sterling hits historic low as Brexit fallout spreads

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

Business

Rosneft's quarterly net profit falls 75 percent

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Business

OECD pessimistic about global growth, blames rich world governments

The world is stuck in a "low-growth trap" the Organisation for Economic Cooperation and Development says, even as it slightly raised the eurozone economic outlook for this year.

The world is stuck in a "low-growth trap" the Organisation for Economic Cooperation and Development says, even as it slightly raised the eurozone economic outlook for this year.

Business

Bayer 'confident' Monsanto offer will be accepted

Germany's Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash trying to gain the top spot in the fast-consolidating farm supplies industry.

Germany's Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash trying to gain the top spot in the fast-consolidating farm supplies industry.

Business

Egyptian shares fall after plane's disappearance

The disappearance of an EgyptAir plane flying from France to Egypt caused a sell-off of shares on the Cairo stock exchange due to concerns about the potential impact on tourism and the economy.

The disappearance of an EgyptAir plane flying from France to Egypt caused a sell-off of shares on the Cairo stock exchange due to concerns about the potential impact on tourism and the economy.

Business

Twitter 140 character tweet limit to end - report

Twitter won't comment on a Bloomberg report users will soon be able to write longer tweets as it plans to stop including photos and links as part of its 140 character limit.

Twitter won't comment on a Bloomberg report users will soon be able to write longer tweets as it plans to stop including photos and links as part of its 140 character limit.

Business

VW warns of big challenges ahead

Volkswagen says it's confident of solid growth this year despite 'Dieselgate' but admitted the scandal could cost much more than the amount set aside so far and assets might have to be sold.

Volkswagen says it's confident of solid growth this year despite 'Dieselgate' but admitted the scandal could cost much more than the amount set aside so far and assets might have to be sold.

Business

No interest rate change expected from Federal Reserve policy meeting

Federal Reserve policymakers are expected to leave the cost of borrowing unchanged in the face of disappointing word on durable goods orders and consumer confidence.

Federal Reserve policymakers are expected to leave the cost of borrowing unchanged in the face of disappointing word on durable goods orders and consumer confidence.