International News

  Bloomberg Turkey’s top policy board chaired by Prime Minister Binali Yildirim said after a surprise meeting that the central bank will take any measures necessary to keep inflation under control. Economy Coordination Board met in Ankara to discuss how to insulate the economy from the recent volatility in financial markets, which policy makers decided were mostly due to global ...

  New York / AFP Ford announced it will keep producing an SUV model in Kentucky, rather than move it to Mexico, in a decision overplayed by President-elect Donald Trump who claimed he had saved an entire plant from closure. Trump repeatedly took aim at Ford and other groups during the White House campaign for moving production overseas in search ...

  Paris / AFP An original drawing from “Explorers on the Moon”, widely regarded as one of the two best Tintin adventures, sold for a record 1.55 million euros at a Paris auction on Saturday, auction house Artcurial announced. The 50 cm X 35 cm drawing in Chinese ink by the Belgian cartoonist known as Herge shows the boy reporter, ...

  San Francisco / AFP Facebook’s board of directors authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantage of a price dip triggered early this month by word that revenue growth will slow ...

  Bloomberg UK Prime Minister Theresa May has enlisted her husband, who has worked in finance for more than 30 years, to help her charm business leaders as she prepares to take the country out of the European Union. The Mays are hosting chief executives of some of the UK’s biggest companies at a series of dinners in No. 10 ...

  Bloomberg Brazil’s government has decided to push for a new chief executive for iron-ore giant Vale SA when the current boss’s contract expires next year, according to people with knowledge of the matter. President Michel Temer ceded to months of lobbying from members of his own Democratic Movement Party to seek a replacement for Murilo Ferreira, who was appointed ...

  Bloomberg Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite. Sales are down by as much as 50 percent at Azadpur Mandi, traders said, ...

  AFP The Philippines became developing Asia’s fastest-growing major economy in President Rodrigo Duterte’s first three months in office, officials said Thursday, even as his fiery rhetoric hit the peso and stock prices. The economy expanded 7.1 percent on-year in July-September, beating the consensus forecast of 6.8 percent, Economic Planning Undersecretary Rosemarie Edillon said. That was faster than China’s 6.7 ...

  AFP Uber warned Taiwan on Thursday that it was scaring away foreign investors as the ride-hailing app faces a potentially massive hike in fines for operating illegally on the island. The US company has been racking up fines since it entered the Taiwan market in 2013 for running a business without the proper registration to operate as a taxi ...

  Bloomberg Japan’s population is declining, deflation has returned, and the nation’s economy is still stuck in cycle of weak, stop-start growth. And yet, there are a number of hidden and underutilized resources that Japan could tap to try and escape this economic malaise. The Organisation for Economic Co-operation and Development notes that while demographics are against it, Japan still ...