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Market Update  

- By Ryan Vlastelica European stocks edged higher in early trading Wednesday, as investors watched the continuing currency drama in Turkey, which showed some signs of stabilization. What ar...
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Business News  

Global shares mixed as Turkey raises tariffs on US goods
(AP Photo - Vincent Yu)
By ELAINE KURTENBACH
From Associated Press
August 15, 2018 3:28 AM EST

BANGKOK (AP) — Shares were mixed Wednesday after Turkey announced it was increasing tariffs on imports of some U.S. products, escalating a feud with the United States that has helped trigger a currency crisis.

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 11:20 a.m. Turkish media reports say a Turkish court has rejected an appeal for the release of an American pastor from detention.

ANKARA, Turkey (AP) — Turkey announced Wednesday that it is increasing tariffs on imports of certain U.S. products, escalating a feud with the United States that has helped trigger a currency crisis.

BEIJING (AP) — China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with President Donald Trump over trade and technology.

NEW YORK (AP) — Twitter says it is suspending the account of the far-right conspiracy theorist Alex Jones for one week after he violated the company's rules against inciting violence.

ATLANTIC CITY, N.J. (AP) — Sports betting is off and running in New Jersey, with three casinos and two racetracks taking in $40.6 million in wagers in July, the first full month it was legal.

SAN FRANCISCO (AP) — Tesla is forming a special committee to evaluate proposals to take the company private one week after CEO Elon Musk said he was considering it.

OMAHA, Neb. (AP) — Investor Warren Buffett's company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments.

Hikers and nature lovers returned to Yosemite National Park's scenic valley Tuesday after a rare 20-day closure because of smoke from wildfires.

WASHINGTON (AP) — The Environmental Protection Agency privately challenged the Trump administration's rationale for freezing Obama-era mileage standards, saying the proposal would actually increase U.S.

NEW YORK (AP) — U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. That helped the market recover most of its losses from the previous two days.

NEW YORK (AP) — There's nothing like a late charge from Tiger Woods to juice the ratings of a major golf tournament. CBS reached 8.5 million viewers Sunday for final-round competition at the PGA Championship from St.

Royal Bank of Scotland will pay a $4.9 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis.

ATLANTA (AP) — Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects.

ISTANBUL (AP) — The man at the center of Turkey's currency crisis and feud with the United States — President Recep Tayyip Erdogan — is unleashing the same combative rhetoric that powered him through other grave challenges in his 16 years as the increasingly authoritarian leader of a key NATO ally.

ANKARA, Turkey (AP) — Turkey's president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott U.S.-made electronic goods.

NEW YORK (AP) — The latest efforts to disrupt the U.S. midterm elections through Facebook manipulation seem to be following a persuasion playbook refined by legitimate companies and organizations — but with a twist.

NEW YORK (AP) — Coca-Cola is buying a minority ownership stake in sports drink maker BodyArmor, for an undisclosed amount, marking the latest move by the world's biggest beverage maker to diversify its offerings.

BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries.

NEW DELHI (AP) — The Indian rupee fell to an all-time low Tuesday against the U.S. dollar amid worries that Turkey's growing financial crisis could spread to other developing-world economies.

BERLIN (AP) — The German economy accelerated in the second quarter despite the U.S. move to impose new tariffs on the European Union, official data showed Tuesday, performing slightly better than economists had expected.

LONDON (AP) — Sit at the back of the movie theater, and it's possible to see the appeal of ScreenX, the latest attempt to drag film lovers off the sofa and away from Netflix.

SEOUL, South Korea (AP) — South Korea will ban driving recalled BMWs that haven't received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component.

BEIJING (AP) — China appealed to Washington on Tuesday not to misuse security concerns to hamper business activity after President Donald Trump signed a law that expands the jurisdiction of an investment review panel.

WASHINGTON (AP) — A fund dedicated to aiding victims of sexual harassment and assault is giving $750,000 in grants to local organizations across the country.