Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to cut costs and make Britain’s best known engineering company more profitable and dynamic.
Turkey’s Trakya Cam Sanayii A.Ş. has acquired some 49.8 percent shares in India’s HNG Float Glass Limited for $85.4 million, according to a filing to the Istanbul stock exchange on June 13, thus now increasing its stake to 99.8 percent in the company.
The Turkish economy’s total financial assets were 11.29 trillion Turkish Liras ($2.97 trillion) as of the fourth quarter of 2017, its central bank announced on June 14.
The International Finance Corporation (IFC) has invested $75 million in a bond issued by Turkish private lender Garanti Bank to boost loans for women entrepreneurs in Turkey, it announced on June 13.
Britain’s annual inflation rate held in May at 2.4 percent, the lowest level since March 2017 despite high oil prices, official data showed on June 13.
Shares in Chinese telecoms equipment maker ZTE collapsed more than 40 percent yesterday as trading in the company resumed after it reached a settlement with the United States over its handling of a sanctions violation.
Toyota said on June 13 that it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the “mobility” sector.
Turkey’s cow milk production increased by 17.5 percent in April compared to the same month last year, the Turkish Statistical Institute (TÜİK) stated on June 13.
The total amount of the Turkish private sector’s outstanding long-term loans from abroad rose by $3.6 billion to reach at $225.1 billion as of April, the Central Bank stated on June 13.