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Senior German lawmaker says no more aid for ailing banks

Germany will not grant any more state aid for ailing banks, a senior lawmaker in Chancellor Angela Merkel's conservative bloc said on Thursday, a day after the government denied it was working on a rescue plan for Deutsche Bank, its biggest lender. Deutsche (DBKGn.DE) is disputing a fine of...

Samsung stock drops after US warns of fiery phones

Samsung lost more than $10 billion in market value Friday after the Federal Aviation Administration (FAA) warned owners of the company’s Galaxy Note 7 smartphone they should not use them on airplanes. “In light of recent incidents and concerns raised by Samsung about its Galaxy Note 7...

Turkey's economy records over 3 percent growth

Turkey's Gross Domestic Product grew by 3.1 percent in the second quarter of 2016 compared to the same period in 2015, the Turkish Statistical Institute reported Friday. The figure was slightly short of the median forecast by the Anadolu Agency Finance Desk, which predicted a 3.3 percent...