Markets
Turkey increases tariffs on some United States imports
- August 15, 2018
The measures "are aimed at the symptoms of recent lira weakness and not the cause", said Nigel Rendell, an analyst at Medley Global Advisors LLC in London. Banks can extend the maturities, refinance loans, extend new debt to help troubled companies, and seek new collateral. In 2014, one US dollar would buy two Turkish liras. (more...)
- August 15, 2018
The measures "are aimed at the symptoms of recent lira weakness and not the cause", said Nigel Rendell, an analyst at Medley Global Advisors LLC in London. Banks can extend the maturities, refinance loans, extend new debt to help troubled companies, and seek new collateral. In 2014, one US dollar would buy two Turkish liras. (more...)
Turkey to boycott USA electronics, including iPhone
- August 15, 2018
His remarks came after the lira's plunge had turned into a rout toward the end of last week after US President Donald Trump announced the doubling of tariffs on Turkish steel and aluminum imports. While the economic penalties would probably do little to dent USA economic interests, Erdogan's threat shows that the standoff over the fate of an American pastor held in Turkey isn't going to end soon. (more...)
- August 15, 2018
His remarks came after the lira's plunge had turned into a rout toward the end of last week after US President Donald Trump announced the doubling of tariffs on Turkish steel and aluminum imports. While the economic penalties would probably do little to dent USA economic interests, Erdogan's threat shows that the standoff over the fate of an American pastor held in Turkey isn't going to end soon. (more...)
Polls close in Vermont for slate of primaries
- August 15, 2018
Vermont Democratic gubernatorial candidate Christine Hallquist, center, a transgender woman and former electric company executive, embraces supporters after claiming victory during her election night party in Burlington, Vt., Tuesday, Aug. He is expected to decline the nomination though and run again as an independent. The non-partisan Cook Political Report rates the seat as "safe Republican ". (more...)
- August 15, 2018
Vermont Democratic gubernatorial candidate Christine Hallquist, center, a transgender woman and former electric company executive, embraces supporters after claiming victory during her election night party in Burlington, Vt., Tuesday, Aug. He is expected to decline the nomination though and run again as an independent. The non-partisan Cook Political Report rates the seat as "safe Republican ". (more...)
Saudi Arabia reins in oil production as demand forecasts waver
- August 15, 2018
West Texas Intermediate crude pierced the 67.00 level after settling above it in the COMEX, poised to retest its recent multi-week lows. The barrel of West Texas Intermediate crude oil shed some additional 50 cents after the close, following the API report offering an unexpected build of USA crude oil stocks last week. (more...)
- August 15, 2018
West Texas Intermediate crude pierced the 67.00 level after settling above it in the COMEX, poised to retest its recent multi-week lows. The barrel of West Texas Intermediate crude oil shed some additional 50 cents after the close, following the API report offering an unexpected build of USA crude oil stocks last week. (more...)
Turkey: US won't achieve aims through sanctions
- August 14, 2018
The top USA diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". Brunson was arrested in 2016 on charges of participating in a failed military coup against Erdogan's government. The financial regulatory body said violators could face two to five years in prison. (more...)
- August 14, 2018
The top USA diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". Brunson was arrested in 2016 on charges of participating in a failed military coup against Erdogan's government. The financial regulatory body said violators could face two to five years in prison. (more...)
Erdogan: Turkey will boycott Apple’s iPhone
- August 14, 2018
But they said the USA tariff hike on Turkish steel at a time of "considerable stress" tells emerging economies not to expect Washington's help to calm their markets. Mr Brunson has denied charges of espionage, but faces up to 35 years in jail if found guilty. Erdogan claims that his stance against US imports is necessary due to the recent collapse in Turkish assets. (more...)
- August 14, 2018
But they said the USA tariff hike on Turkish steel at a time of "considerable stress" tells emerging economies not to expect Washington's help to calm their markets. Mr Brunson has denied charges of espionage, but faces up to 35 years in jail if found guilty. Erdogan claims that his stance against US imports is necessary due to the recent collapse in Turkish assets. (more...)
Musk's Tweets Blindsided Tesla Board Members
- August 14, 2018
He has given more details - including saying he is working with Goldman Sachs and buyout firm Silver Lake - but is yet to convince Wall Street analysts and investors that he can find the billions needed to complete the deal. A statement Tuesday from Tesla's board said the special committee "has the full power and authority of the board of directors to take any and all actions on behalf of the board of directors as it deems necessary to evaluate and negotiate a potential going private ... (more...)
- August 14, 2018
He has given more details - including saying he is working with Goldman Sachs and buyout firm Silver Lake - but is yet to convince Wall Street analysts and investors that he can find the billions needed to complete the deal. A statement Tuesday from Tesla's board said the special committee "has the full power and authority of the board of directors to take any and all actions on behalf of the board of directors as it deems necessary to evaluate and negotiate a potential going private ... (more...)
Melbourne dethroned as the most liveable city in the world
- August 14, 2018
Closer to home, Adelaide was ranked 10, while Perth dropped out of the top 10, and into 14th place, despite its liveability score remaining unchanged - a change in a city's ranking doesn't necessarily correspond to a change in that city's liveability, but rather its liveability compared to other cities in the survey. (more...)
- August 14, 2018
Closer to home, Adelaide was ranked 10, while Perth dropped out of the top 10, and into 14th place, despite its liveability score remaining unchanged - a change in a city's ranking doesn't necessarily correspond to a change in that city's liveability, but rather its liveability compared to other cities in the survey. (more...)
Tragedy on the Mendocino Complex; Authorities Announce Firefighter fatality
- August 14, 2018
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. But despite the unrelenting heat and the fire gaining about 20,000 acres, the fire is now 61 percent contained . As many as 3,100 personnel are working the fire. (more...)
- August 14, 2018
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. But despite the unrelenting heat and the fire gaining about 20,000 acres, the fire is now 61 percent contained . As many as 3,100 personnel are working the fire. (more...)
Indian Rupee hits fresh record low of 69.61 per Dollars
- August 14, 2018
The cause of this fall has been attributed to fears over a rise in global protectionist measures, along with a strong USA economy. Investors are turning to dollar as safe haven with Turkeys currency lira crisis continuing since the last week. (more...)
- August 14, 2018
The cause of this fall has been attributed to fears over a rise in global protectionist measures, along with a strong USA economy. Investors are turning to dollar as safe haven with Turkeys currency lira crisis continuing since the last week. (more...)
U.S. seeks to stab Turkey in the back: Turkey's president - USA
- August 14, 2018
We will implement these", he said. The United States and Turkey are in disagreement over the Syria conflict and over the fate of Turkish preacher Fethullah Gulen , who is in exile in the U.S. South Africa, Argentina, Mexico, Brazil and Russian Federation have all seen their currencies slip over the past week because, like Turkey , they remain heavily dependent on foreign capital, especially the dollar . (more...)
- August 14, 2018
We will implement these", he said. The United States and Turkey are in disagreement over the Syria conflict and over the fate of Turkish preacher Fethullah Gulen , who is in exile in the U.S. South Africa, Argentina, Mexico, Brazil and Russian Federation have all seen their currencies slip over the past week because, like Turkey , they remain heavily dependent on foreign capital, especially the dollar . (more...)
The pound falls amidst "no deal" Brexit projections
- August 13, 2018
Mrs May wants to clarify her plans before an European Union leaders' summit in June and to seal a deal on Britain's new relationship with the European Union in October, less than six months before Brexit. In his accompanying note, Mr Patel explained that trading was light and in the last nine years, sterling has fallen more than 0.5% on seven occasions. (more...)
- August 13, 2018
Mrs May wants to clarify her plans before an European Union leaders' summit in June and to seal a deal on Britain's new relationship with the European Union in October, less than six months before Brexit. In his accompanying note, Mr Patel explained that trading was light and in the last nine years, sterling has fallen more than 0.5% on seven occasions. (more...)
Saudi Arabia eyes enlarged stake in Musk’s private Tesla
- August 13, 2018
Saudi Arabia is exploring how it could bankroll Elon Musk's ambitious plan to take Tesla private , as burnt short-sellers sue the electric auto entrepreneur over his bombshell tweet last week. The current talks about the PIF potentially participating in a take-private transaction started in recent weeks, the other people said. He is yet to back up his claim that he has financing for the transaction. (more...)
- August 13, 2018
Saudi Arabia is exploring how it could bankroll Elon Musk's ambitious plan to take Tesla private , as burnt short-sellers sue the electric auto entrepreneur over his bombshell tweet last week. The current talks about the PIF potentially participating in a take-private transaction started in recent weeks, the other people said. He is yet to back up his claim that he has financing for the transaction. (more...)
US airport worker who commandeered plane remembered as quiet and friendly
- August 13, 2018
Confirmed info. this is a single suicide male. Officials do not believe Russell had a pilot's license, and they do not know how he knew to fly the plane. The man, named by United States media as Richard Russell, took off late on Friday, forcing the airport to close while two fighter jets gave chase. Video from a witness on the ground shows the plane at one point pulling up for a loop, putting the aircraft upside-down and then pulling back up just feet above a body of water. (more...)
- August 13, 2018
Confirmed info. this is a single suicide male. Officials do not believe Russell had a pilot's license, and they do not know how he knew to fly the plane. The man, named by United States media as Richard Russell, took off late on Friday, forcing the airport to close while two fighter jets gave chase. Video from a witness on the ground shows the plane at one point pulling up for a loop, putting the aircraft upside-down and then pulling back up just feet above a body of water. (more...)
S&P 500, Dow end lower with energy, financials; Tesla falls
- August 12, 2018
The Dow is up 46.65 points , or 0.2 per cent. Crude oil prices failed to make a decisive recovery on Thursday even though the US sanctions against Iran went into effect on Thursday and the S&P 500 Energy Index closed the day 0.9% lower. (more...)
- August 12, 2018
The Dow is up 46.65 points , or 0.2 per cent. Crude oil prices failed to make a decisive recovery on Thursday even though the US sanctions against Iran went into effect on Thursday and the S&P 500 Energy Index closed the day 0.9% lower. (more...)
Elon Musk's tweet draws Tesla investor lawsuit over share price swing
- August 12, 2018
One lawsuit, filed by Tesla investor Kalman Isaacs, said Musk's tweets amounted to a "nuclear attack" on short-sellers, created to "completely decimate" them for not believing in Tesla's stock to date. The company is based in nearby Palo Alto, California. The stock has since retreated, in part following reports that the U.S. Securities and Exchange Commission had begun inquiring about Musk's activity. (more...)
- August 12, 2018
One lawsuit, filed by Tesla investor Kalman Isaacs, said Musk's tweets amounted to a "nuclear attack" on short-sellers, created to "completely decimate" them for not believing in Tesla's stock to date. The company is based in nearby Palo Alto, California. The stock has since retreated, in part following reports that the U.S. Securities and Exchange Commission had begun inquiring about Musk's activity. (more...)
Trump authorizes doubling of steel, aluminum tariffs on Turkey
- August 12, 2018
Iran has also suffered from a major tumbling of its currency this year partly over reimposition of U.S. sanctions after Trump abandoned a 2015 nuclear deal. He urged Turkish citizens to immediately exchange their gold and dollars for lira . "This will be my people's response to those who have waged an economic war against us", he said. (more...)
- August 12, 2018
Iran has also suffered from a major tumbling of its currency this year partly over reimposition of U.S. sanctions after Trump abandoned a 2015 nuclear deal. He urged Turkish citizens to immediately exchange their gold and dollars for lira . "This will be my people's response to those who have waged an economic war against us", he said. (more...)
Man who stole plane was funny, hardworking, former colleague recalls
- August 12, 2018
The man sounds calm at times and jokes with operators on the ground, who try to direct him to places to land. "I got a lot of people that care about me, and it's going to disappoint them to hear that I did this", says the man. Authorities said the man was a Horizon employee for three and one-half years, had clearance to be among aircraft, and was a Horizon Air ground service agent. (more...)
- August 12, 2018
The man sounds calm at times and jokes with operators on the ground, who try to direct him to places to land. "I got a lot of people that care about me, and it's going to disappoint them to hear that I did this", says the man. Authorities said the man was a Horizon employee for three and one-half years, had clearance to be among aircraft, and was a Horizon Air ground service agent. (more...)
Tesla stock drops closer to pre-Musk tweet level
- August 12, 2018
It all began when Musk tweeted about a plan to take electric auto manufacturers Tesla private, signing off his message with the words: "Funding secured". Musk's tweets about how Tesla could structure the deal has left $370 billion asset manager Janus Henderson Group Plc perplexed. He even wrote that being a public company, they are ten to wild swings in their stock price and that can prove to be a key destruction for every person working at the Tesla, where all of them are shareholders. (more...)
- August 12, 2018
It all began when Musk tweeted about a plan to take electric auto manufacturers Tesla private, signing off his message with the words: "Funding secured". Musk's tweets about how Tesla could structure the deal has left $370 billion asset manager Janus Henderson Group Plc perplexed. He even wrote that being a public company, they are ten to wild swings in their stock price and that can prove to be a key destruction for every person working at the Tesla, where all of them are shareholders. (more...)
Global LNG: Prices stable amid high demand, US-China trade spat
- August 11, 2018
China's import figures are closely watched by the industry to determine whether and when Chinese crushers will end a virtual boycott of U.S. soybeans, a move that could put upward pressure on futures trading on the Chicago Board of Trade. In 2017, the US exported a total of $5.6 billion worth of scrap commodities to China. The Commerce Ministry said it is responding to the United States' decision to slap 25-percent tariffs on another US$16 billion of Chinese goods August 23. (more...)
- August 11, 2018
China's import figures are closely watched by the industry to determine whether and when Chinese crushers will end a virtual boycott of U.S. soybeans, a move that could put upward pressure on futures trading on the Chicago Board of Trade. In 2017, the US exported a total of $5.6 billion worth of scrap commodities to China. The Commerce Ministry said it is responding to the United States' decision to slap 25-percent tariffs on another US$16 billion of Chinese goods August 23. (more...)
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