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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...

Global stocks push higher as oil takes wild ride

Cooling U.S. rate hike expectations helped world shares notch up solid gains on Monday, though they came off highs as investors concluded an oil market pact between Saudi Arabia and Russia lacked substance. Oil surged as much 5 percent on news the two mega producers had signed a deal to...