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Aramco letdown causes Saudi equity sell-off

The Arab world’s biggest bourse is losing its appeal to foreigners just two months after it won inclusion in MSCI Inc.’s emerging-market index. That’s because the initial euphoria surrounding Crown Prince Mohammad bin Salman’s efforts to overhaul the nation’s economy has given way to...

No-let up in Turkey lira slide after Moody's downgrades

The Turkish lira showed no sign of recovery as it slid further against the US dollar on Wednesday, hours after Moody's downgraded its credit ratings on 20 Turkish financial institutions. The currency has been hit by concerns over monetary policy under President Recep Tayyip Erdogan but...

Automaker Tesla to remain a public company, CEO Musk says

Tesla CEO Elon Musk said Friday that the company would continue to be publicly traded, weeks after suggesting that he would take the pioneering electric carmaker private. Musk met Tesla's board of directors on Thursday "and let them know that I believe the better path is for Tesla to...

US-China trade war hits $100 billion in goods

From iconic Harley Davidson motorcycles and American bourbon to machinery and computer processors, the world's two largest economies have exchanged punitive tariffs that slice through a wide swath of key products. Starting Thursday at 12:01 am (0401 GMT), the US will charge 25 percent...