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Ringgit falls with oil as rallies falter

  Bloomberg Malaysia’s ringgit posted the biggest two-day slide since Britain voted to exit the European Union amid the subdued mood in emerging markets as oil and stocks fell. Crude prices dropped for a second day, damping the outlook for government finances for Asia’s only major net oil exporter before the International Monetary Fund updates its projections for world growth ...

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‘Takata engineers manipulated air-bag test data’

  Bloomberg Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed some test results to artificially reduce variability in air-bag inflator performance, Brian O’Neill, a former Insurance Institute for ...

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Turkey’s turmoil slows down pace of interest rate cuts

  Bloomberg Turkey’s central bank slowed the pace of interest rate cuts at its meeting on Tuesday after the failed coup attempt triggered a sell-off in the currency and sovereign debt. The bank lowered its overnight lending rate by 25 basis points, which fell short of the 50-basis-point cuts it delivered during the past three meetings but matched the median ...

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