Tesla Inc Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia's sovereign wealth fund convinced him he could secure funding to take the electric car-maker private
A vessel carrying US soybeans was unloading its cargo worth at least $23mn at the Chinese port of Dalian yesterday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington.
Turkey’s lira pulled back from a record low of 7.24 to the dollar yesterday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown caused further unease on global markets.
The economic spokesman of Italy’s ruling League party warned yesterday that unless the European Central Bank offers a guarantee to cap yield spreads in the eurozone, the euro will collapse.
Singapore’s economy grew at a slower pace in the second quarter than initially projected as construction plunged.
Asian markets tumbled and the Turkish lira dived almost 8% yesterday on fears that the economic crisis gripping Turkey could spill over into the global economy.
British consumer spending dipped last month and few employers plan to offer bigger pay rises, according to economic surveys yesterday that suggest future growth is likely to remain modest.
Tesla Inc chief executive officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter.
Wells Fargo & Co investors who were learning to live with an unprecedented penalty the Federal Reserve imposed for bad behaviour will have their patience tested again as details emerge on another scandal.