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(MENAFN - AFP) Turkey's currency the lira hit record lows against the dollar on Monday as markets reacted with anxiety to police raids against media critical of President Recep Tayyip Erdogan.

The lira lost 3.34 percent in value to trade at 2.38 lira to the dollar, its lowest value since late January when the country was on the verge of a full scale currency crisis.

It ...

 
(MENAFN - AFP) EU anti-trust regulators on Monday cleared the merger of French giant Lafarge with Swiss rival Holcim to form the world's biggest cement group after both sold parts of their business to meet competition concerns.

"Acquisition of Lafarge by Holcim is subject to conditions. The merger can proceed," EU Competition Commissioner Margrethe Vestager said on Twitter, ...

 
(MENAFN - AFP) US stocks followed European markets lower Monday after another big drop in world oil prices.

The Dow Jones Industrial Average fell 99.99 points (0.58 percent) to 17,180.84, down 105.64 points (0.61 percent).

The broad-based S&P 500 fell 12.70 (0.63 percent) to 1,989.63, while the tech-rich Nasdaq Composite Index slid 48.44 (1.04 percent) to 4,605.16.

WTI ...

 
(MENAFN - AFP) Spanish oil giant Repsol said its board would meet on Monday to discuss a takeover bid for its struggling Canadian rival Talisman, which has sparked interest from several other firms.

In a statement Repsol said its board would discuss "among other questions, the possible purchase of the entire capital of Canadian firm Talisman Energy Inc."

Spanish business ...

 
(MENAFN - AFP) Stocks in Argentina dived more than eight percent Monday, dragged down by plummeting oil company shares battered by tumbling oil prices.

The market in Buenos Aires at the close was 7,581.72, down 8.28 percent.

Shares of Brazil's state-owned Petrobras oil giant were down a hefty 14.05 percent, while shares of Argentine power company Transener fell 9.94 ...

 
(MENAFN - AFP) General Motors on Monday raised the death toll related to its defective ignition switches to 42 as it weighs compensation claims following its long-delayed recall of millions of cars.

As of Friday, there were four more deaths eligible for compensation than a week earlier, said Kenneth Feinberg, the attorney in charge of the independent compensation fund set ...

 
(MENAFN - AFP) Addicted to liquidity and disconnected from the real economy, global markets are likely to dance in 2015 to the different monetary policy tunes played by the US Fed, the ECB and China, while plunging oil prices could spice up the mix.

In 2015, "like the last seven years, it is the central bank interventions which will have an influence over the markets," said ...

 
(MENAFN - AFP) European stocks tumbled on Monday, wiping out gains early in the day spurred by a modest and short-lived rebound in oil prices, as concerns over global crude demand persisted.

Low oil prices and the impact of Western sanctions especially took a toll on Russia, which saw its ruble plummet by 9.5 percent amid warnings of a steep economic contraction of 4.8 percent ...

 
(MENAFN - AFP) A US judge Monday appeared to doubt the government's e-book antitrust case against Apple, saying the tech giant was challenging "predatory" pricing from rival Amazon.

The comments came as a federal appeals court panel heard arguments in the case, in which Apple was found to have colluded with publishers to raise e-book prices.

Apple argues that its entry ...

 
(MENAFN - AFP) The Russian ruble tumbled 9.5 percent Monday to new record lows as falling crude prices pulled the rug out from under the currency of the oil exporting nation, with analysts saying the Kremlin needs to act to stop the free fall.

The plunge in the ruble came as the central bank warned the low oil price could trigger a contraction of nearly 5 percent next year ...

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