Asia shares, euro under water as Turkish lira sinks
Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and...
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UK consumer spending dips in July, modest pay rises ahead
Posted by Reuters | Aug 12, 2018 | domesticNews, Reuters: UK |
British consumer spending dipped last month and few employers plan to offer bigger pay rises, according to economic surveys on Monday that suggest future growth is likely to remain...
Read MoreEmpty shipyard and suicides as ‘Hyundai Town’ grapples with grim future
Posted by Reuters | Aug 12, 2018 | World News |
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea’s annual average...
Read MoreEuro on defensive as Turkish crisis sparks rush to safety
Posted by Reuters | Aug 12, 2018 | World News |
The euro was under pressure in Asia on Monday as fears about the exposure of European banks to crisis-hit Turkey sent investors scurrying to safe havens including the U.S. dollar, Swiss franc and...
Read MoreSplits deepen over British ex-minister Johnson’s burqa comments
Posted by Reuters | Aug 12, 2018 | domesticNews, Reuters: UK |
Former British foreign minister Boris Johnson returned from his summer holiday to face both criticism and support over his remarks about burqas, amid deepening divisions in Britain’s ruling Conservative Party on...
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