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  • Both Moody's and Standard& Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory late on Friday. On Friday, Turkey's battered lira weakened 3 percent after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the...

  • BERLIN— Russian President Vladimir Putin is flying to Austria to attend the wedding Saturday of the country's foreign minister, before heading to Berlin for talks with German Chancellor Angela Merkel. Austrian authorities have imposed tight security measures around the site of the ceremony near the southern town of Graz of Foreign Minister Karin Kneissl,...

  • *Tech firms fear India localisation norms raise costs, scrutiny. NEW DELHI, Aug 18- U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters. The issue could further undermine already strained economic relations...

  • BEIJING— Malaysia's leader courted Chinese e-commerce investment in his country on Saturday, the start of his first trip to China since his stunning electoral victory three months ago. On Saturday, Mahathir toured the campus of Chinese online shopping giant Alibaba Group in the eastern city of Hangzhou, met with the company's founder, Jack Ma, and told the...

  • DUBAI, Aug 18- A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as Tehran nears a deadline to pass legislation to help it attract investment while facing U.S sanctions. Iran has been trying to implement standards set by the Financial Action Task Force, an...

  • MELBOURNE, Aug 18- Australia's worst drought in a generation is driving flocks of emus into an outback mining town in a desperate hunt for food and water, an animal rescue unit in the town of Broken Hill said. The large, flightless birds are sometimes sighted in the town, 935 kilometres west of Sydney, but not in the numbers being seen amid a winter drought that has...

  • MILAN, Aug 18- Italy's Autostrade per l'Italia said it would hold a news conference in Genoa on Saturday to announce initiatives it would take after the collapse of a motorway bridge. Autostrade, a unit of infrastructure group Atlantia, manages the section of the A10 motorway linking Genoa to the French border. It has been at the centre of a political storm after a...

  • *Since Aug. 1 Vietnam launch, captures 15 pct of Ho Chi Minh mkt. JAKARTA, Aug 17- Go-Jek, Indonesia's first billion-dollar startup, is "extremely close" to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters. Already a market leader in Indonesia, where it processes more than 100 million transactions for...

  • CARACAS, Aug 17- Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist governments petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country. The worst of all worlds, said Venezuelan economist Asdrubal Oliveros of consultancy...

  • SHANGHAI, Aug 18- China said on Saturday it has sacked six senior officials at its food and drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd revealed failings at the government body including inadequate supervision. In a posting on its website, the State Administration for Market Regulation said that among officials...

  • Aug 17- Please be advised that VENEZUELA- CURRENCY has been changed to VENEZUELA- ECONOMY.

  • CARACAS, Aug 17- Venezuela's president Nicolas Maduro announced on Friday a single exchange rate and pegged it to his socialist governments petro cryptocurrency, effectively devaluating by 96 percent. Maduro said he would overhaul Venezuela's disparate exchange rates and peg salaries, pensions, and prices to the petro, a cryptocurrency launched by the...

  • Aug 17- A Texas jury awarded damages of $242 million to a Dallas family after finding that defects in the family's Lexus sedan caused injuries to their two children during a rear-end collision, the law firm representing the plaintiffs said on Friday. The verdict by the jury in Dallas County District Court includes more than $143.6 million in punitive damages...

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement in a televised address Friday night ahead of a previously...

  • SANTIAGO, Aug 17- The union representing workers of Chilean copper mine Escondida signed a new collective labor contract on Friday, ending the risk of a strike that could have paralyzed the world's biggest copper mine. Mine operator BHP had said earlier in the week that terms had been reached but the union needed to vote on the new pact. "We have managed to defend all...

  • Federal Reserve Today in Washington. 20- Aug Norway Auction of Treasury bills 20- Aug Netherlands DTC Auction 21- Aug Germany Auction of 2- year Treasury notes 21- Aug Japan Auction of 20- year government bonds 21- Aug Spain Auction of 3- and 9- month Treasury bills 22- Aug Germany Auction of 10- year Federal bonds 24- Aug Japan 3- month discount bill auction...

  • **FRANKFURT- Bundesbank president Weidmann speaks in Frankfrut 1600 GMT. KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in...

  • BUENOS AIRES- Central Bank of Argentina releases monetary policy statement WARSAW- National Bank of Poland holds monetary policy council meeting. BUDAPEST- Hungarian Central Bank holds its rate-setting meeting- 1200 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of August monetary policy meeting 0130 GMT.

  • CARACAS, Aug 17- Venezuelan President Nicolas Maduro said on Friday night the country would establish a single exchange rate that would be pegged to his leftist administration's Petro cryptocurrency.

  • MEXICO CITY, Aug 17- Mexican conglomerate Grupo Industrial Saltillo SAB de CV is considering more acquisitions in Europe to expand its auto parts division, its top executive told Reuters. GIS acquired auto parts companies Automotive Components Europe in 2015 for $80 million and Spain- based Grupo Infun a year later for 280 million euros. In China, the company...