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Turkey takes action in bid to curb currency crisis

Turkey takes action in bid to curb currency crisis

Business
Turkey's central bank has said it is ready to take "all necessary measures" to ensure financial stability after the collapse of the lira.It has vowed to provide banks with "all the liquidity the banks need".The comments came after a widening diplomatic spat with the US prompted market turmoil in the country.Investors were not reassured. Although the lira rose slightly, it still hit a new record low against the dollar and stock markets in Europe and Asia fell.Before the announcement the lira was down 9% before recovering slightly to be 6% lower in late morning trading in Turkey.Turkey's interior ministry said it was taking legal action against 346 social media accounts it claimed had posted comments about the weakening lira "in a provocative way". Time to ...
One of market’s biggest bulls takes a ‘few chips off the table,’ sees impending sell-off

One of market’s biggest bulls takes a ‘few chips off the table,’ sees impending sell-off

Finance
One of the market's biggest bulls is on sell-off watch. Federated Investors' portfolio manager Steve Chiavarone sees a 5 to 8 percent drop in stocks before summer ends. And, he thinks it may have already started. "We've taken a few chips off the table," the portfolio manager said Friday on CNBC's "Trading Nation," and he cited uncertainty as the overwhelming reason why. "On average, midterm election years have pullbacks, particularly in the summer months," Chiavarone said. "Big trade rhetoric is going to continue to be hot." ...
Watchdog takes aim at hotel booking sites

Watchdog takes aim at hotel booking sites

Business
Hotel booking sites must review the way they rank and display rooms, the UK's competition watchdog has said.Some sites may be making misleading claims about discounts, the Competition and Markets Authority said.It is also examining whether sites are giving a false impression of room availability and "rushing" customers into booking decisions.The CMA did not name which companies it has been investigating, but leading sites include Expedia and Booking.com.The extent to which a hotel's ranking may be influenced by the size of the commission it pays was another issue highlighted by the CMA.'Trust'The CMA, which launched its investigation into online booking sites in October, says it has sent warning letters to "a range of sites", demanding they review their p...
Holly Willoughby takes the plunge in hot dress: 'Gorgeous lady'

Holly Willoughby takes the plunge in hot dress: 'Gorgeous lady'

Entertainment
Instagram HOLLY WILLOUGHBY INSTAGRAM: This Morning's co-anchor posed alongside pal Nicole Appleton The This Morning presenter and her close friend, All Saints' Nicole Appleton, 43, have jetted off on a girls' holiday with two of their pals.Much to the delight of fans, Holly Willoughby's vacation look has been showcased online in all its glory.Taking to her Instagram profile, Nicole shared a picture of herself and the 37-year-old TV babe posing next to each other.Rocking a shorter hairdo, Holly flashed a winning smile as she showed off her natural beauty while staring into the camera lens.Making full use of the warmer climate, the mum-of-three rocked a low-cut tropical print dress, which showed off her all-over golden glo...
Buying GitHub takes Microsoft back to its roots

Buying GitHub takes Microsoft back to its roots

Finance
ALMOST to the day 17 years ago Steve Ballmer, then boss of Microsoft, the world’s biggest software firm, called Linux a “cancer”, meaning that the open-source operating system would spell the death of proprietary software. On June 4th, his successor, Satya Nadella, announced that the firm would take over GitHub, the main source of such tumours today, for $ 7.5bn. The deal is yet another sign of Microsoft’s startling recent metamorphosis.GitHub is no household name, but among programmers it is as important as Facebook—which explains the impressive price tag for a firm that earned only an estimated $ 200m of revenues last year. More than 28m developers globally keep their code on the website, which offers all kinds of tools and services. Most important of these ...