News

  Bloomberg Samsung Electronics Co, the world’s largest maker of phones and memory chips, said it’s in talks with BYD Co. about investing in the Chinese electric-car manufacturer. Details including the size of the investment will be disclosed when they’re confirmed, Samsung said. The investment in BYD, backed by Warren Buffett’s Berkshire Hathaway Inc, would bolster Samsung’s semiconductor business for ...

  Bloomberg The yen slid against the dollar, heading for its biggest weekly drop since 1999, as investors awaited the details of Japanese Prime Minister Shinzo Abe’s recharged stimulus plans following his election victory. The currency slipped against most of its 16 major counterparts, falling after Ben S Bernanke, the former chairman of the Federal Reserve who met officials in ...

  Bloomberg Line Corp. surged 32 percent in its Japan trading debut after the messaging company raised more than $1 billion in the biggest technology initial public offering of the year. The shares rose to 4,345 yen in Tokyo from their IPO price of 3,300 yen, giving Line a valuation of 912 billion yen ($8.6 billion). About two-thirds of the ...

  Bloomberg Turkey’s lira plunged the most in eight years, an exchange-traded fund tied to the country’s shares declined and U.S. Treasuries ticked higher after Turkey’s army said it seized power and President Recep Tayyip Erdogan asserted that he remains in control. U.S. stock futures slipped. The lira lost 4.6 percent to 3.0157 per dollar in the biggest selloff since ...

  Bloomberg The attempted military coup in Turkey may boost oil prices by imperiling crude shipments through the country, a major energy-trade corridor. For now, shipping lanes are clear. The Turkish straits are open and shipping traffic hasn’t been disrupted, an official at the Istanbul-based shipping center said by phone on Saturday. “Any uncertainty in that region almost invariably results ...

  AFP The Dutch national rail authority concluded an €800-million deal with French transport giant Alstom to buy 79 new high-speed trains, set to go into service by 2021. “Dutch Rail and Alstom have concluded a contract for delivery of 79 high speed Intercity trains capable of a speed of 200 km/h (120 miles per hour),” Dutch Rail (NS) said ...

  Bloomberg After inflicting the biggest weekly decline in German 10-year government securities this year, bond bears may have reason to pause when the ECB provides its first analysis of the economic outlook since the U.K.’s shock Brexit vote. Investors’ urge to extend a selloff that pushed benchmark 10-year bund yields to the highest since June 24 may be muted ...

  Bloomberg A semblance of calm is returning to the pound. Sterling’s implied one-month volatility versus the dollar declined this week to the lowest since June 24, the day the results of Britain’s vote to leave the EU was announced. The difference with an equivalent gauge for three months was at one percentage point on Friday, having surged in June ...

  Helsinki / AFP A sub-sea gas pipeline planned to link Finland and Estonia moved closer to reality on Friday as the European Commission promised to fund the project to ease the region’s dependence on Russian gas. “The allocated grants will cover, among others, the construction of the Balticconnector, the first bi-directional sub-sea gas pipeline between Estonia and Finland,” the EU ...

  Bloomberg The S&P 500 Index halted a five-day rally that took it to a record, while the dollar rose and Treasuries had the biggest weekly drop in a year as data boosted optimism in the economy. News after the close of U.S. equities markets that Turkey’s army had seized power stoked demand for haven assets. The nation’s lira plunged ...