Finance news

• Volkswagen promises U.S. dealers restitution within a month: WSJ

  17-07-2016 22:49 via news.yahoo.com
  
  (Reuters) - Volkswagen AG executives in the United States have promised restitution within a month for American franchise dealers damaged by the carmaker's diesel scandal, the Wall Street Journal reported on Sunday, citing dealers. A senior American executive from Volkswagen made the pledge at a meeting on Friday with over 150 dealers from the northeast at a hotel in New Jersey, the WSJ said, citing dealers that met with the company.
  
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• Turkey widens crackdown on military and judiciary after failed coup

  17-07-2016 22:31 via news.yahoo.com
  
  By Ayla Jean Yackley and Dasha Afanasieva ISTANBUL/ANKARA (Reuters) - Turkey widened a crackdown on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in control of the country and economy. Supporters of President Tayyip Erdogan gathered in front of his Istanbul home to call for the plotters to face the death penalty, which Turkey outlawed in 2004 as part of its efforts to joi
  
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• Venezuelan shoppers flock across border to Colombia

  17-07-2016 22:10 via news.yahoo.com
  
  By Anggy Polanco SAN ANTONIO, Venezuela (Reuters) - Thousands of Venezuelans streamed into neighboring Colombia on Sunday to take advantage of a temporary opening of the border to buy food and medicine unavailable at home in their country's collapsing economy. Socialist President Nicolas Maduro shut the border last year in an effort to crack down on smuggling of subsidized products. Venezuela's product shortages have since worsened, creating further incentives to buy goods in Colombia and bring
  
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• Turkey coup impact seen limited but instability fear remains

  17-07-2016 18:17 via news.yahoo.com
  
  Turkey's failed military coup may prompt some flight to safe-haven assets on Monday but there will only be a more serious longer-term impact for investors if instability persists in the strategically important emerging market. Turkey's government said on Sunday it was in full control of the country and economy. The authorities rounded up nearly 3,000 suspected military plotters and the same number of judges and prosecutors after forces loyal to President Tayyip Erdogan crushed the coup, in which
  
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• German airlines, tour operators resume holiday flights to Turkey

  17-07-2016 16:32 via news.yahoo.com
  Lufthansa and tour operators Thomas Cook AG and TUI resumed flights from Germany to Turkey on Sunday, where 200,000 Germans are on summer holiday, following the failed coup against President Tayyip Erdogan. Turkey widened a crackdown on suspected supporters of the military coup attempt, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in full control of the country and economy. Lufthansa has resumed flying to Istanbul, Ankara, Izmi
  
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• Attack on Nice deals blow to France's crucial tourism industry

  17-07-2016 16:30 via news.yahoo.com
  
  By Michel Rose and Tom Bergin PARIS/NICE, France (Reuters) - The carnage on Nice's famed seaside boulevard as the summer season got into full swing has sent shockwaves through France's tourism industry, a vital sector for the economy of the world's most-visited country. With tourism accounting for 7-8 percent of the eurozone's No. 2 economy, last week's truck attack on the French Riviera deals a new blow to an industry that had yet to recover fully from the bloody assaults in Paris in January an
  
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• Turkey widens crackdown on military, judiciary after failed coup

  17-07-2016 15:04 via news.yahoo.com
  
  By Nick Tattersall and Humeyra Pamuk ISTANBUL/ANKARA (Reuters) - Turkey widened a crackdown on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in full control of the country and economy. Overnight, supporters of President Tayyip Erdogan rallied in public squares, at Istanbul airport and outside his palace in a show of defiance after the coup attempt killed at least 265 peop
  
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• Despite reform, Saudi 'guardianship' still restricts women: HRW

  17-07-2016 13:38 via news.yahoo.com
  
  By Tom Finn DOHA (Reuters) - Saudi Arabian laws requiring women to have male guardians have been reformed in recent years but continue to restrict and endanger them, obstructing government plans to reform the economy, U.S.-based Human Rights Watch says in a report. The report drew criticism on Sunday from a government rights official, who said the system was designed to protect and help women, and was less restrictive than portrayed by HRW. Women in Saudi Arabia must usually obtain permission fr
  
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• Draghi to ask governments to chip in to counter Brexit fallout

  17-07-2016 10:17 via news.yahoo.com
  
  By Francesco Canepa FRANKFURT (Reuters) - European Central Bank President Mario Draghi is likely to plead for governments to do more to boost the euro zone's economy in the coming week as the fallout of Britain's vote to leave the EU and weaker global growth threaten the bloc's fragile recovery. Governments in China, Japan and Britain have already started easing their fiscal stance or hinted at plans to do so as sub-par global growth and inflation show that central banks' ultra-easy monetary pol
  
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• BUZZ-Saudi's Almarai climbs on Q2 earnings beat

  17-07-2016 09:51 via news.yahoo.com
  ** Shares in Saudi Arabian dairy firm Almarai climb 2.7 percent to 57.75 riyals in unusually heavy trade ** Testing major technical resistance at 58.50 riyals (peaks in March and April) ** Company reported second-quarter net profit of 628.8 million riyals ($167.7 million), up 18.6 percent year-on-year and exceeding analysts' average forecast of 530.3 million riyals ** Of 17 analysts covering the stock, 13 have "hold" rating, two "buy", one "sell" and one "strong sell", according to Thomson Reute
  
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• GST, corporate results hold key to velocity of Indian equities

  17-07-2016 06:34 via news.yahoo.com
  Mumbai, July 17 (IANS) Despite the volatility and mixed first quarter results from some big corporate entities, key Indian stock market indices ended higher during the trading week that ended on July 15. Future directions, however, will depend on a host of issues, notably the way the monsoon session of parliament deals with key economic bills, analysts maintain. The two key indices -- the sensitive index (Sensex) of the BSE and the Nifty of the National Stock Exchange (NSE) -- gained 2.6 per cen
  
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• Venezuela's PDVSA seeking to securitize oil services debts

  17-07-2016 04:04
  
  CARACAS, July 16 (Reuters) - Venezuelan state oil company
  PDVSA is in talks with oil services companies to turn unpaid
  bills into financial instruments, a process known as
  securitization, its...
  
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