Turkey was downgraded by two major rating agencies on Friday afternoon, as its leaders grapple with economic turmoil that has battered its currency and financial markets in recent weeks.

Wall Street swung higher in late trade on Friday after media reports the US and China were plotting a course to end their trade tiff by a November summit between the two countries’ leaders.

A whistleblower at Goldman Sachs has gone to the UK’s financial watchdog to allege that the Wall Street bank has improperly recorded trading data.

Shares in Tivo, the company best known for digital video recorders, took a sharp turn into the red following media reports that Amazon is planning to introduce a live TV recording device.

US stocks sneaked into positive territory at lunchtime in New York, heading for their sixth weekly gain in seven weeks.

The heads of a UK seismic-testing maker are accused of paying bribes to a South Korean public official and an employee of the country’s institute of geoscience, and will appear in court next week to face charges.

Nordstrom is roaring towards its biggest one-day gain in more than four years on Friday, after the upscale US department-store chain’s latest quarterly earnings report put it back in fashion on Wall Street.

US president Donald Trump has asked the Securities and Exchange Commission to consider scrapping the demand that public companies report their earnings every three months, weighing in on a practice many blame for corporate short-termism.

Turkey’s policymakers need to boost the credibility of their policy actions and independence of the central bank, as well as tolerate weaker growth, if they are serious about restoring economic stability and sustainability, according to Fitch.

A key gauge of US consumer sentiment has slipped back to its lowest level since last September, signalling growing worries about the spectre of higher market prices, particularly among less-affluent households.

Tesla shares took a tumble on Friday morning after Elon Musk described in an interview an “excruciating” year of work at the electric carmaker in the run-up to his controversial tweet last week about taking the company private.

US stocks were modestly lower in the opening minutes of trade on Friday following a strong rebound in the previous trading session.

Pakistan’s former national cricket hero Imran Khan on Friday won a crucial vote from lawmakers in Pakistan’s lower house of parliament, the National Assembly, to become the country’s 22nd prime minister.

Credit rating agency Moody’s said that the impact of the road closure is “likely to be manageable for ASPI”, after on 14 August an 80-metre section of the Morandi bridge on the A10 motorway, managed by Autostrade per l’Italia S.p.A. (ASPI), came down in an industrial area of Genoa, in Italy.

Royal Bank of Scotland could soon have women as both chief executive and finance director, after the UK government-controlled bank said Katie Murray would become interim chief financial officer in October.

US tractor maker Deere & Co said that replacement demand for large agricultural equipment was lifting sales, despite trade fears.

Turkey’s lira is falling fast, as a volatile week for the currency ends with another hit — albeit one that is, for now at least, keeping it off its record weak point.

Splits have emerged in Italy’s populist coalition over its strategy for handling the aftermath of a bridge collapse in Genoa in which at least 38 people died.

Turkey’s trade minister has pledged to retaliate against any additional US trade tariffs, deepening a row with the Trump administration at the end of a testing week for Turkish markets.

Two Chinese regulators have suspended Dagong Global Credit Rating, one of China’s three main ratings agencies, from bond market business for one year for lax corporate governance, conflicts of interests, and other problems.

Chinese stocks closed at a near two-year low on Friday as healthcare shares fell following the arrest of officials over a vaccine scandal in the country.

A London court has withdrawn the arrest warrant for mining executive Benedikt Sobotka, a month after it was issued as part of a criminal investigation into alleged corruption in Africa.

In an otherwise quiet London market, Interserve shares offered a brief glint of excitement.

The Turkish currency is still holding gains on Friday, rounding off a week marked by a painful slide and rapid rally.