Markets

Turkey announces 10 per cent price cuts after inflation soars

Turkey announces 10 per cent price cuts after inflation soars Albayrak said his plan will see inflation recede in October, promising businesses a discount on high-interest loans. Albayrak said: "The fight against inflation and for price stability is not a fight that can be conducted by the state and institutions alone". [Full Article...]

James Murdoch to replace Elon Musk as Chairman

James Murdoch to replace Elon Musk as Chairman The South African-born billionaire also had to pay a $ 20 million fine and submit to monitoring of his social media activity, including his Twitter account. Tesla is in the process of buying land in Shanghai for its first factory outside the USA, according to people with direct knowledge of the matter, pushing ahead with plans to set up production in China after months of tumult involving CEO El... [Full Article...]

Ikea plans to expand to dozen new markets coming years

Ikea plans to expand to dozen new markets coming years It said on Wednesday it was also looking at entering Mexico, Estonia, Ukraine, Puerto Rico, Oman, Luxembourg, Macau and the Philippines in the coming years. Ikea is not listed and as a result it is not obligated to publish its net profit or other financial details. Ikea's India chief executive Peter Betzel told Mint in June, about three months after he took over the reins from Juvencio Mae... [Full Article...]

Dow plunges more than 800 points as tech stocks take beating

Dow plunges more than 800 points as tech stocks take beating What will fall hardest? Back in late January and early February, there was a 10 percent correction in the S&P 500 , with stock investors spooked as Treasury yield increases intensified with a monthly payrolls report showing the biggest wage gains for workers since 2009. [Full Article...]

PM announced Naya Pakistan Housing Project

PM announced Naya Pakistan Housing Project Referring to the launch of his ambitious Naya Pakistan Housing Program, the Prime Minister said the entire administrative structure for the project would be completed on priority and it would not only generate economic activity but also add new entrepreneurs, increase skills of the workers and create employment. [Full Article...]

Patisserie Valerie - which has store in Chesterfield - faces crisis

Patisserie Valerie - which has store in Chesterfield - faces crisis Chairman Luke Johnson said: 'We are all deeply concerned about this news and the potential impact on the business. In its statement on Thursday , the firm said that over the past 24 hours it had "undertaken further investigation into the financial status of the company". [Full Article...]

Losses on Wall Street ripple through Asia; stocks slump

Losses on Wall Street ripple through Asia; stocks slump The US Federal Reserve raised rates in September as the economy grows solidly. The U.S. Treasury is due to release a currency report that some analysts suggest might change the official stance on China's exchange rate policy. Dow Industrial Average Futures were down by about 300 points, or 1.2 percent, in pre-market trading, implying a sharply lower opening on Thursday after falling more than 3... [Full Article...]

Nigeria's growth not enough to create jobs, says International Monetary Fund

Nigeria's growth not enough to create jobs, says International Monetary Fund India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform, but have been marked down by just under 0.5 percentage point relative to the April 2018 WEO, it said . These policies have contributed to a slowdown in economic growth, which is happening just as trade tensions with the US are starting to bite. However, the International Monetary Fu... [Full Article...]


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