Money

by | August 24, 2018 | 07:19

In exchange for Mr. Brunson's release, and that of other US citizens as well as three Turkish nationals working for the USA government, Turkey asked Washington to drop a probe into Halkbank, which is facing possible fines for helping Iran evade US sanctions.

by | August 24, 2018 | 03:33

Liquidation sales will begin as early as August 30. The closures are expected to be complete by November. The Savannah Sears store will close its doors in November after more than seven decades of business in the Hostess City, according to a statement released by Sears Holdings.

by | August 24, 2018 | 01:46

Mr Davis said his client "was talking about Donald Trump " and that he had "directed and co-ordinated" the payments. A summit between the two leaders in Helsinki in July was the final straw for Cohen, his lawyer Lanny Davis told Sky News, prompting him to seriously question Mr Trump's loyalty to the USA and suggesting "almost a mental instability in the man".

by | August 23, 2018 | 22:14

Powell's comments came after weeks of intensifying public pressure from President Trump, who has repeatedly said he would like Powell and the Fed to keep interest rates low to spur economic growth. Concerns also remain over how much oil will be removed from global markets by renewed sanctions on Iran, despite worries that demand-growth could weaken amid a trade dispute between the United States and China, the world's two biggest economies.

by | August 23, 2018 | 19:52

The smartphone is aimed at developing markets like India and will come at a very competitive price point. The publication traced the leaked Pixels back to a Telegram account, where an anonymous person is allegedly selling Pixel 3 devices for $2,000 a pop.

by | August 23, 2018 | 18:29

Unlike previous rounds of USA tariffs, which mainly targeted Chinese parts, including steel and electronic components, the latest proposals would affect many consumer products directly. Deputy USTR Jeffrey Gerrish is also expected to be involved. President Donald Trump and Chinese President Xi Jinping in November. While the China fight continues, there are promising signs of easing in the US's trade battles with Canada, Mexico, and the European Union .

by | August 23, 2018 | 17:13

However, the large build of inventories in crude oil and distillate fuel right before the end of the driving season in the United States concerned the market. The sale appears to be created to show the Trump administration is taking measures to restrain energy price increases ahead of the sanctions, one crude trader told Reuters .

by | August 23, 2018 | 17:08

The government, which has come under pressure from some Brexit hardliners to leave the European Union without a negotiated agreement, said it would publish all its advice by the end of September. But it said that "in the absence of action from the EU, EEA-based customers of United Kingdom firms now passporting into the EEA, including United Kingdom citizens living in the EEA, may lose the ability to access existing lending and deposit services, insurance contracts (such as life insurance ...

by | August 23, 2018 | 11:44

Secretary of State Mike Pompeo's scheduled fourth visit to Pyongyang soon. Microsoft Corp. said late Monday that it had detected and seized web domains created by cyberattackers linked to the Russian military who may be attempting to manipulate and disrupt upcoming US midterm elections.

by | August 23, 2018 | 11:40

It will hear testimonies into allegations of widespread corruption and abuse of power by senior government officials. Mentor, a former ANC MP, is scheduled to testify before the commission that prior to a cabinet reshuffle in October 2010, members of the Gupta family offered her the position of public enterprises minister on condition that she ensured the cancellation of the India route of SA Airways.

by | August 23, 2018 | 08:28

It's a record that few would have predicted when stocks struggled to find their footing after a 50 percent plunge during the financial crisis. The long rally has added trillions of dollars to household wealth, helping the economy, and stands as a testament to the ability of large US companies to squeeze out profits in tough times and confidence among investors as they shrugged off repeated crises and kept buying.

by | August 22, 2018 | 21:37

Point Bridge Capital Founder Hal Lambert, IHT Wealth Management President Steve Dudash and Payne Capital Management President Ryan Payne on the report that President Trump isn't "thrilled" with Federal Reserve Chairman Jerome Powell for raising rates .

by | August 22, 2018 | 19:13

The two findings of guilt against Cohen and Manafort ratchet up political pressure on Trump and fellow Republicans ahead of November elections, in which Democrats are seeking to regain control of Congress. Trump's former attorney Michael Cohen faced his own charges on Tuesday, pleading guilty in federal court to five counts of tax evasion, one count of false statement to a financial institution, one count of unlawful corporate contribution and one count of an excessive campaign ...

by | August 22, 2018 | 16:39

The goal is to bring Turkey and the Turkish people to their knees, to take it prisoner". His remarks came in response to a recent currency sell-off that has spread to other emerging market currencies and global stocks. "Ultimately, they will release Brunson but it will take a while and as long as there is a risk to US dollar flows to Turkish banks or to Turkey in general, then the lira will be under pressure", Hammarlund said.

by | August 22, 2018 | 13:59

Total warned in May that it would turn its back on the $1bn (£740m) South Pars gas development within six months unless it could clinch a sanctions waiver for the project from the USA government. This triggered speculations that CNPC would assume Total's share in the project to be the consortium leader with a total share of around 80 percent.

by | August 22, 2018 | 10:24

In an interview with Reuters Trump said he was "not thrilled" with Federal Reserve Chairman Jerome Powell for raising interest rates, causing the greenback to slide to its lowest level since August 9. Trump has broken from the majority of Republicans on monetary policy with his support for low interest rates to stimulate the economy. Recent activity has moved the dollar higher, which traded to a low of 88 in February of this year, up to its highest trading point this year at just shy of ...

by | August 22, 2018 | 09:56

The Trump administration added to its growing list of sanctions against Russian Federation on Tuesday by blacklisting two companies and two individuals suspected of trying to circumvent United States sanctions imposed in June in response to cyberattacks.

by | August 22, 2018 | 02:24

In July, Trump said he was "not thrilled " with the rate increases. Trump said on Monday he was "not thrilled" with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the United States central bank should do more to help him to boost the economy.

by | August 21, 2018 | 04:42

Next the researchers surveyed more than 400 contact lens users about how they dispose of the products, finding that 21 percent discard their lenses down the toilet or sink. Second, the unusual plastics used in contact lenses - a combination of poly (methylmethacrylate), silicones and fluoropolymers to create a soft material that allows oxygen to pass through the lens to the eye - are not routinely screened for environmental monitoring studies.

by | August 21, 2018 | 01:07

Gatwick Express, which provides trains to the airport, said the issues "may result in screens around the station showing no information". London Gatwick Airport has descended into chaos after flight information screens suddenly stopped working.

by | August 21, 2018 | 00:31

PepsiCo on Monday announced plans to buy home carbonation system maker SodaStream . Purchasing the Israeli company, known for DIY seltzer makers like the SodaStream Mix , will push Pepsi's image in a health-focused direction, according to CNN .

by | August 20, 2018 | 20:56

In a written statement before the Muslim feast of Eid al-Adha, Erdoğan said: "The attack aimed at our economy has no difference from an attack aimed at our call to prayer or flag". The attack comes amid tensions rising between Ankara and the United States over the detention of Andrew Brunson, an American pastor, in Turkey over terror-related charges.

by | August 20, 2018 | 19:16

Musk told the New York Times he has no plans to give up his dual roles as chairman and CEO but also said that "if you have anyone who can do a better job, please let me know". He claims he works up to 120 hours a week and has not taken more than a week off in 17 years. Federal authorities in the United States summoned a Tesla investigation to find out whether Elon Musk told the truth when he wrote on Twitter last week that he had secured the necessary funding to withdraw the electric ...

by | August 19, 2018 | 19:44

The company reported better-than-expected earnings results at $1.76 (£1.38) per share versus the $1.66 (£1.30) per share expected by analysts, and by division, things weren't too bad either. Nvidia founder and Chief Executive Officer Jensen Huang is reshaping his company to take advantage of trends that are changing computing. Analysts estimated $3.11 billion.

by | August 19, 2018 | 19:04

Under current rules , listed companies in the United States must report financial results every three months, but in many other countries around the world , businesses are only mandated to do so twice per year, a model many U.S. Trump's proposal, offered in a 7:30 a.m. tweet , took the securities industry by surprise and prompted some to worry that it could unintentionally lead to more market volatility and corporate mischief.

by | August 19, 2018 | 17:23

During the cabinet meeting, Lighthizer told the room he's hoping for a NAFTA breakthrough with Mexico in the coming days. Lighthizer said talks with Mexico were continuing Thursday afternoon. Mexico's new president , Andrés Manuel Lopez Obrador, was elected in July and takes the oath of office December 1. Mexico wants to lock in an agreement before its new leftist president takes office, and the White House is keen on achieving a win on trade ahead of the midterm elections.

by | August 19, 2018 | 11:11

Italian state radio says the body of a 30-year-old man has been found in the Genoa bridge collapse , bringing the death toll to 42. "It is the state that has provoked this; let them not show their faces, the parade of politicians is shameful", the press quoted the mother of one Italian victim as saying.

by | August 18, 2018 | 21:38

All of the focus may be on Tesla Inc .'s ( TSLA ) potential quest to go private, but production of the Model 3 sedan still matters. But the timing of their announcements has raised questions. On Wednesday, news of a Tesla subpoena hit the market, served by the only and only SEC. "Can someone really say that they weren't aware of this information?" he said.

by | August 18, 2018 | 18:53

The Times interview puts board members in a hard position because Musk, who entered Tesla as a major investor and built the company into a force that has changed the perception of electric cars, is the company's public identity. When asked if he regretted his Twitter post, Musk replied: "Why would I?" Musk, in a revealing interview, said he has been working up to 120 hours a week and needs Ambien to fall asleep at night.

by | August 18, 2018 | 13:16

The Nasdaq Composite dropped 60.88 points, or 0.77 per cent, to 7,810.02 at the opening bell. The Russell 2000 index advanced 17.26 points, or 1 percent, to 1,692.58. Smaller companies made outsize gains. Footwear maker Wolverine World Wide gained 2.5 percent to $38.45 and watchmaker Fossil rose 5 percent to $25.73.

by | August 18, 2018 | 12:52

Trump later said in a tweet the United States "will pay nothing " for Brunson's release, "but we are cutting back on Turkey!" "Turkey - they have not proven to be a good friend. Mr Erdogan earlier wrote in the New York Times that unless the U.S. changed course, Turkey would look for new friends and allies. The Qatari emir said that beyond financial calculations, his country's primary motivation was to "stand by our brothers in Turkey", a hint at the nascent but apparently strong ...

by | August 18, 2018 | 06:44

A Turkish court on Friday turned down another appeal to free the pastor in the third such rejection, his lawyer said. Relations between Turkey and the United States are at a low point over the detention of Andrew Brunson, whom Turkish President Recep Tayyip Erdogan's government accuses of being involved in an attempted coup in 2016.

by | August 18, 2018 | 05:47

But there's reason to think the employees might get their way - after they protested the company's work with the U.S. Department of Defense (DoD) on Project Maven back in April, Google announced plans to not renew the contract after it expires in 2019 (though it wouldn't go so far as to swear off all military contracts ).

by | August 18, 2018 | 00:59

The pastor's appeal had been rejected by a lower court and was sent to the higher court, Brunson's lawyer Ismail Cem Halavurt said, according to Anadolou. It's not clear how much more they'd be willing to contribute if the U.S. just keeps making things worse. Trump later tweeted that the U.S. "will pay nothing " for the release "but we are cutting back on Turkey!".

by | August 17, 2018 | 22:11

Gold prices shed over one per cent on Thursday to hit their lowest in more than 19 months, with the U.S. dollar holding steady near a recent peak as concerns about a Turkey crisis and China's economic health weighed on emerging market currencies.