Money

by | August 17, 2018 | 15:38

Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation. Turkey and its firms face repayments of almost $3.8 billion on foreign currency bonds in October, Societe General has calculated.

by | August 17, 2018 | 13:18

The White House says "we won't forget" how Turkey has treated a detained American pastor, after a court rejected his appeal for release. He said he would meet with the European Commission's deputy head Frans Timmermans to speed up talks on visa liberalisation for Turks, while Turkish and Russian working groups would hold talks on visa-free travel to Russia after the Muslim Eid holiday next week.

by | August 17, 2018 | 13:11

According to a poll by Reuters , Chinese residents at the street level are largely unbothered by US President Trump's bluster and swapping of trade war rhetoric with China, though some mixed feelings on exactly how China should respond to the US.

by | August 17, 2018 | 10:30

On August 14, as the BItcoin price dipped below the $6,000 mark, the valuation of the crypto market plummeted below the $200 billion mark. A late Saturday reversal continued into the early hours of Sunday morning, with Bitcoin pulling back to a start of a day intraday low $6,162 before recovering to $6,300 levels, the day's low steering clear of the first major support level at $5,998.23 and more importantly sub-$6,000 levels.

by | August 17, 2018 | 06:59

The tit-for-tat measures are part of a broader dispute between the two countries over the fate of an American citizen, Andrew Brunson , who is being prosecuted by Turkish authorities on terrorism-related charges. Al-Shehri said Ankara appeared to have blackmailed Qatar into supporting it. According to the Hurriyet Daily, a significant number of importers have begun to withdraw their short and long-term orders after Turkish President Recep Tayyip Erdogan's appeal to boycott USA ...

by | August 16, 2018 | 23:36

The Turkish lira has dropped to record lows in recent weeks, having fallen some 42% so far this year. "The lira even managed to claw back some lost ground... citizens and employees of diplomatic facilities have not been released", White House Press Secretary Sarah Sanders told a briefing. Lawmakers who authored the bill cited the detention of a U.S.

by | August 16, 2018 | 23:19

Tariffs were also increased on cosmetics, rice and coal. The White House on Wednesday condemned Turkey for boosting tariffs on US imports, the latest confrontation between the two North Atlantic Treaty Organisation allies. It did not say when the tariffs would take effect. The lira , which has fallen nearly 40% against the dollar this year, rose 4.5% to 5.7TL on Thursday afternoon.

by | August 16, 2018 | 20:42

In recent days, Qatari supporters of Turkey have begun a public campaign in Doha to change their riyals into lira in an attempt to shore up the plunging Turkish currency. Pence tweeted that "Turkey would do well not to test" Trump's resolve "to see Americans who are wrongfully imprisoned in foreign lands returned home to the United States".

by | August 16, 2018 | 18:24

China will dispatch Vice Commerce Minister Wang Shouwen to the United States for trade talks in late August, the first official exchanges since earlier negotiations broke down two months ago. Donald Trump's administration is threatening further tariffs on $200bn of Chinese goods, in a bid to pressure United States companies to bring production back to the US.

by | August 16, 2018 | 16:43

Just a couple of weeks back, one of the world's best-known breweries, Molson Coors, announced that its Canadian arm was partnering with Canadian cannabis producer, The Hydropothecary Corp to develop non-alcoholic, cannabis-laced drinks for the Canadian market.

by | August 16, 2018 | 15:54

The tit-for-tat tariffs came amid Turkey's rejection of a USA demand that it release American pastor Andrew Brunson , detained on espionage and terrorism-related charges. Amnesty International said it was "overjoyed" by the news that its chairman in Turkey, Taner Kılıç, was set to be freed later Wednesday by an Istanbul court after being held in detention for over a year.

by | August 16, 2018 | 13:17

Search operations are continuing and rescuers have spent the past few nights digging through mountains of crushed concrete. The tragedy has focused anger on the structural problems that have dogged the decades-old bridge and the private sector firm Autostrade per l'Italia, which is now in charge of operating and maintaining swathes of the country's motorways.

by | August 16, 2018 | 12:00

In England, house prices increased by 2.7 per cent over the year to June 2018, with the average price now standing at £245,000. The Consumer Price Index (CPI), which measured inflation continued on downward trend in July by dropping to 11.14 per cent (year-on-year) from 11.

by | August 16, 2018 | 11:34

Washington imposed sanctions on two Turkish ministers two weeks ago over the trial on terrorism charges of United States evangelical pastor Andrew Brunson in Turkey, and last week it raised tariffs on Turkish metal exports. The recovery also spilled into the bond market, with yields on 10-year local debt falling 28 basis points to 21.1 percent. The lira was trading on Wednesday at 6.0 to the dollar, a gain in value on the day of 5.2 percent.

by | August 15, 2018 | 23:51

On Tuesday, he said Turkey would boycott USA electronic products. Speaking in ideal Turkish, Brunson told the court he "forgives" those who provided testimony accusing him of links with the PKK and Gulen's group. The lira firmed as far as 5.75 against the dollar on Wednesday and stood at 6.1320 at 1243 GMT in a move initially triggered by the Turkish court decision on the Greek soldiers who faced espionage charges.

by | August 15, 2018 | 20:00

US-Turkish relations have been hurt by a series of issues from diverging interests in Syria, Ankara's plan to buy Russian defence systems and the detention of pastor Brunson. Vice President Fuat Oktay wrote on Twitter that the increase in duties were in response to "deliberate attacks on our economy" by the United States administration.

by | August 15, 2018 | 17:58

President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States , retaliating in a row with Washington that has helped drive the lira to record lows. Andrew Craig Brunson is escorted by Turkish plain clothes police officers, July 25, 2018, in Izmir, Turkey. The Turkish lira has dropped to record lows in recent weeks, having fallen some 42 per cent this year.

by | August 15, 2018 | 09:39

Erdogan said the nation of 80 million people would stop buying American electronics, condemning the "explicit economic attack" against his country. The lira's plunge - which had been ongoing for weeks - was turned into a rout on Friday when US President Donald Trump tweeted that Washington was doubling aluminium and steel tariffs for Turkey.

by | August 15, 2018 | 09:24

In Tuesday's Democratic balloting, Sanders defeated little-known candidate Folasade Adeluola, who said she believes Vermont needs a full-time senator. Kobach had the support of U.S. President Donald Trump . It is a remarkable milestone, even for an election year already dominated by an influx of women and a record number of candidates who identify as lesbian, gay, transgender or queer.

by | August 15, 2018 | 05:24

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. "If 1 million barrels per day or more of Iranian exports go AWOL, the current fragile supply-demand balance will be upended - potentially sending oil prices above the May peak", Tamas Varga, senior analyst at PVM oil associates, said in a research note published Monday.

by | August 14, 2018 | 23:56

The dispute centres on Turkey's refusal to release U.S. pastor Andrew Brunson . Relations between the two North Atlantic Treaty Organisation allies have spiraled into a full-blown crisis over the trial of Christian pastor Andrew Brunson, who was held for 21 months in a Turkish prison until his transfer to house arrest last month - a move Washington dismissed as insufficient.

by | August 14, 2018 | 19:53

Ultra-low interest rates in the US and Europe have for years encouraged companies in Turkey to borrow in foreign currencies. He added that USA electronics would have sanctions placed on them. And at the heart of it all sits Andrew Brunson. Relations between the two North Atlantic Treaty Organisation allies have spiraled into a full-blown crisis over the trial of Christian pastor Andrew Brunson, who was held for 21 months in a Turkish prison until his transfer to house arrest last month - ...

by | August 14, 2018 | 19:42

While Musk used Monday's blog post as a way to show the tweets were part of an effort to be completely transparent with shareholders about wanting Tesla to be a private company, sources told the paper it was impulsive and was driven by feelings of anger for the vehicle maker's critics.

by | August 14, 2018 | 18:27

EIU's liveability rating, part of the Worldwide Cost of Living Survey, assigns scores to 140 cities based on stability, healthcare, culture and environment, education and infrastructure. What is more, Manchester also represents a regional trend over the past year, where there have been notable improvements in security in several western European cities which have shown resilience in their recovery from terrorist attacks.

by | August 14, 2018 | 15:22

Forest Service have confirmed the death of a firefighter in the Mendocino Complex Fire Monday evening. A mechanic helping to fight the Carr Fire near Redding in northern California was killed in a vehicle crash on Thursday, the eighth person to die in that conflagration.

by | August 14, 2018 | 14:59

Stock markets opening with gains also boosted the domestic currency, dealers said. Lira is the national currency of Turkey, and a crisis has spooked investors, economists and policy makers, leaving them on a shaky ground. "There is nothing to worry at this stage". Traders said, on the condition of anonymity, that rupee recouped some of the losses as state-run banks sold the dollar on behalf of the Reserve Bank of India .

by | August 14, 2018 | 13:29

Oil prices fell on Monday after data suggested inventories at the us crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will dent the outlook for fuel demand. Terry Sandven, chief equity strategist at US Bank Wealth Management, said the dollar has strengthened because economic growth has picked up and other regions aren't doing as well.

by | August 13, 2018 | 20:40

The complaints allege Musk looked to mislead investors by claiming on Twitter that he secured funding to take Tesla private. "Funding Secured", he wrote. After adjusting for inflation, that's more than the record-setting buyout of RJR Nabisco that closed in 1989. While the entrepreneur owns 20% of Tesla, more than $60 billion would be needed to buy the business from public shareholders.

by | August 13, 2018 | 17:37

The country's Public Investment Fund, which has built up a stake of nearly 5 per cent in Tesla in recent months, is exploring how it can be involved in the potential deal, according to Bloomberg . The post fleshed out the Silicon Valley billionaire's shock announcement on August 7 that he was considering taking the company private and had "secured" funding.

by | August 13, 2018 | 12:57

The Turkish lira floats, but not on a sea of tranquillity. Turkish President Recep Tayyip Erdogan , embroiled in a bitter dispute with the USA, a North Atlantic Treaty Organisation ally, contended Sunday the plunging value of his country's lira currency amounted to a "political plot" against Turkey .

by | August 13, 2018 | 08:27

The family of a man who authorities say stole an airplane from Seattle-Tacoma International Airport and later crashed it called him a faithful husband, loving son and good friend. 29-year-old Richard Russell , a ramp agent for Horizon Air, stole one of the companies aircraft and took it for a joy ride. Alaska Air said the F-15s were scrambled from a Portland airbase.

by | August 12, 2018 | 21:42

Energy weighs on the S&P 500 on Thursday . The dollar rose against most major currencies as investors bet global trade tensions and a robust USA economy would continue to support the currency. Citigroup, the most global of the major USA banks, fell 2.3 percent . Markets in Europe were also turbulent with Germany's DAX falling two percent, French CAC 40 falling nearly two percent, and Britain's FTSE 100 declining 0.8 percent.

by | August 12, 2018 | 16:14

The Turkish lira plunged on Friday, raising questions about the country's financial stability, as investors anxious about the president's unorthodox economic policies and a dispute with the United States that has led to sanctions . "Don't heed them. Don't forget, if they have their dollars, we have our people, our God", Erdogan said. "They are bullets, cannonballs and missiles of an economic war waged against our country", he said.

by | August 12, 2018 | 14:57

Later the man said: "I've got a lot of people that care about me". "Got a few screws loose, I guess", Russell is heard saying in the recording. A Horizon Air passenger plane has crashed on Ketron Island south of Seattle after being stolen by an airline employee at SeaTac Airport around 8 pm on Friday.

by | August 12, 2018 | 12:00

If Tesla were to be taken private at the tweeted price of $420, the deal would be worth more than $80 billion and would represent one of the largest deals of this kind on record. Musk's use of Twitter to announce a huge deal also raised eyebrows, but that probably didn't violate any laws, Coffee and Henning said. "If you are a believer in Elon, I would continue to hold onto those shares", said Michael Jurasic, a securities attorney at Ropes & Gray, who added that it's unclear exactly how ...