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Musk talking to Saudi fund, others as he seeks Tesla buyout financing

Musk talking to Saudi fund, others as he seeks Tesla buyout financing

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

China unloads US soybean cargo amid tariff disputes

China unloads US soybean cargo amid tariff disputes

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.

Turkish lira pulls back from record low on bank liquidity pledge

Turkish lira pulls back from record low on bank liquidity pledge

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.

Markets rattled as Turkish lira dives

Markets rattled as Turkish lira dives

Turkey’s troubled lira tumbled yesterday to fresh record lows against the euro and dollar, piling pressure on stock markets on fears the country’s crisis could spill over into the world economy.

Italy’s League sees euro collapse without ECB bond guarantee

Italy’s League sees euro collapse without ECB bond guarantee

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 economy grows at slower pace than projected

Singapore economy grows at slower pace than projected

Singapore’s economy grew at a slower pace in the second quarter than initially projected as construction plunged.

Lira is in crisis: Who’s next?

Lira is in crisis: Who’s next?

The meltdown in the Turkish lira is finding its way into other markets. Who’s looking most vulnerable? Our analysis puts Colombia and South Africa at the top of the list.

Global protectionist measures drag rupee

Global protectionist measures drag rupee

Global protectionist measures, along with the outflow of foreign funds, weakened the Indian rupee to its record low of 69.94 per dollar yesterday, weaker by Rs1.11 from its previous close of 68.83 per greenback.

China, Hong Kong stocks track global selloff on Turkey woes

China, Hong Kong stocks track global selloff on Turkey woes

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.

UK consumer spending dips in July; modest pay rises expected ahead

UK consumer spending dips in July; modest pay rises expected ahead

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 said to seek wide investor pool for taking private

Tesla said to seek wide investor pool for taking private

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 tests investor patience with new scandal details

Wells Fargo tests investor patience with new scandal details

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.

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