Markets
Qatar pledges $15 billion to invest in Turkey
- August 17, 2018
Worldwide investors have been anxious by Turkey's high levels of foreign debt and Erdogan's refusal to allow the central bank to raise interest rates to support the currency, as experts say it should. Turkey says the case is a matter for the courts. Turkey owes $467 billion to investors and it will be hard for the country to pay that debt, Napier said. (more...)
- August 17, 2018
Worldwide investors have been anxious by Turkey's high levels of foreign debt and Erdogan's refusal to allow the central bank to raise interest rates to support the currency, as experts say it should. Turkey says the case is a matter for the courts. Turkey owes $467 billion to investors and it will be hard for the country to pay that debt, Napier said. (more...)
White House says Turkish sanctions 'regrettable'
- August 17, 2018
That move caused the lira to reach a new all-time low, but prompted a response from Turkish President Recep Tayyip Erdogan who said that his country " is not crumbling ". She wouldn't be drawn on whether the Trump administration would respond. He also appeared to acknowledge that he was disappointed that Turkey did not release Brunson after the United States helped negotiate the release of a Turkish national being held in Israel. (more...)
- August 17, 2018
That move caused the lira to reach a new all-time low, but prompted a response from Turkish President Recep Tayyip Erdogan who said that his country " is not crumbling ". She wouldn't be drawn on whether the Trump administration would respond. He also appeared to acknowledge that he was disappointed that Turkey did not release Brunson after the United States helped negotiate the release of a Turkish national being held in Israel. (more...)
Turkish lira weakens as US warns of further sanctions
- August 17, 2018
Albayrak spoke Thursday with his German counterpart Olaf Scholz and they agreed to "take steps in order to reinforce economic cooperation", Albayrak's office said . The row has seen Ankara put around $500 million of tariffs on some USA imports and boycott American electronic products in retaliation for the Trump administration's sanctions on some Turkish officials. (more...)
- August 17, 2018
Albayrak spoke Thursday with his German counterpart Olaf Scholz and they agreed to "take steps in order to reinforce economic cooperation", Albayrak's office said . The row has seen Ankara put around $500 million of tariffs on some USA imports and boycott American electronic products in retaliation for the Trump administration's sanctions on some Turkish officials. (more...)
China lodges complaint with WTO over legalities of United States policies
- August 17, 2018
In response, South Korea, one of USA major sources of washing machine imports, said it will "actively respond to US trade protectionism". The statement urges the U.S. The Chinese Ministry of Commerce said on August 8 that tariffs of 25 percent on 16 billion dollars of USA goods - including autos, fuel, steel products and medical equipment - will be activated on August 23, the same day when Washington initiates tariffs on an equivalent amount of Chinese imports. (more...)
- August 17, 2018
In response, South Korea, one of USA major sources of washing machine imports, said it will "actively respond to US trade protectionism". The statement urges the U.S. The Chinese Ministry of Commerce said on August 8 that tariffs of 25 percent on 16 billion dollars of USA goods - including autos, fuel, steel products and medical equipment - will be activated on August 23, the same day when Washington initiates tariffs on an equivalent amount of Chinese imports. (more...)
Lira rallies after Turkey raises tariffs on USA imports
- August 17, 2018
In an interview Wednesday with Anadolu Agency , Qatar's Ambassador to Turkey Salem bin Mubarak Al-Shafi said: "The state of Qatar is always proactive in supporting its Turkish brothers". The sanctions, she explained, would block "any property or interest in property of both ministers within US jurisdiction ... and USA persons are generally prohibited from engaging in transactions with them". (more...)
- August 17, 2018
In an interview Wednesday with Anadolu Agency , Qatar's Ambassador to Turkey Salem bin Mubarak Al-Shafi said: "The state of Qatar is always proactive in supporting its Turkish brothers". The sanctions, she explained, would block "any property or interest in property of both ministers within US jurisdiction ... and USA persons are generally prohibited from engaging in transactions with them". (more...)
Asian stocks weaken as Turkey worries weigh, dollar stands tall
- August 16, 2018
The currency , the lira, tumbled against the dollar last week when President Trump said he was doubling tariffs on imported Turkish metals to punish Erdogan for refusing to free an American pastor on trial in Turkey. The queues suggest that the plunge in the lira, driven by Turkey's bitter dispute with the United States, is set to give a boost to the key tourism industry, which struggled greatly after a failed coup and terror attacks in 2016. (more...)
- August 16, 2018
The currency , the lira, tumbled against the dollar last week when President Trump said he was doubling tariffs on imported Turkish metals to punish Erdogan for refusing to free an American pastor on trial in Turkey. The queues suggest that the plunge in the lira, driven by Turkey's bitter dispute with the United States, is set to give a boost to the key tourism industry, which struggled greatly after a failed coup and terror attacks in 2016. (more...)
Bitcoin Dominance Surges Past 50% for the First Time Since Mid-December
- August 16, 2018
According to crypto data tracker coinmarketcap .com, the third-largest cryptocurrency, Ripple , fell 13.4% to 25c. The total cryptocurrency market cap as of this writing is that of $216 Billion only. At the height of Ether's rally a year ago, the digital coin comprised 32% of cryptocurrency market capitalization, coming within striking distance of Bitcoin's 39%. (more...)
- August 16, 2018
According to crypto data tracker coinmarketcap .com, the third-largest cryptocurrency, Ripple , fell 13.4% to 25c. The total cryptocurrency market cap as of this writing is that of $216 Billion only. At the height of Ether's rally a year ago, the digital coin comprised 32% of cryptocurrency market capitalization, coming within striking distance of Bitcoin's 39%. (more...)
Turkish president says the country will boycott USA electronics
- August 16, 2018
In one of the videos circulating online in Turkey, which have been picked up by the country's online news organizations, an unidentified man with four boys kneeling behind him in front of a Turkish flag, addresses the US leader directly, asking Mr. (more...)
- August 16, 2018
In one of the videos circulating online in Turkey, which have been picked up by the country's online news organizations, an unidentified man with four boys kneeling behind him in front of a Turkish flag, addresses the US leader directly, asking Mr. (more...)
China Is Sending a Trade Envoy to Washington Amid Tariff Dispute
- August 16, 2018
China and the United States have implemented several rounds of tit-for-tat tariffs on each other's goods and threatened further duties on exports worth hundreds of billions of dollars. Trump has insisted on imposing tariffs on China and some USA allies for national security reasons, even as Republicans and Democrats alike have warned that the policy will ultimately hurt American workers. (more...)
- August 16, 2018
China and the United States have implemented several rounds of tit-for-tat tariffs on each other's goods and threatened further duties on exports worth hundreds of billions of dollars. Trump has insisted on imposing tariffs on China and some USA allies for national security reasons, even as Republicans and Democrats alike have warned that the policy will ultimately hurt American workers. (more...)
Unemployment at lowest for 40 years
- August 16, 2018
However, average earnings increased by 2.4 per cent in the year to June, down from 2.5 per cent the previous month and equal to the current the rate of inflation. The Deputy Head of Labour Markets at the ONS , Matt Hughes, commented: "The number of vacancies is a new record high, while the unemployment rate is now at its lowest since the winter of 1974-75". (more...)
- August 16, 2018
However, average earnings increased by 2.4 per cent in the year to June, down from 2.5 per cent the previous month and equal to the current the rate of inflation. The Deputy Head of Labour Markets at the ONS , Matt Hughes, commented: "The number of vacancies is a new record high, while the unemployment rate is now at its lowest since the winter of 1974-75". (more...)
Constellation Brands invests $5B to increase stake in marijuana producer Canopy Growth
- August 16, 2018
Canopy Growth will benefit from Constellation's deep understanding of consumer trends and shifting preferences, and proven ability to translate those insights into distinct brand positionings that build strong connections with consumers and foster brand loyalty. (more...)
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- August 16, 2018
Canopy Growth will benefit from Constellation's deep understanding of consumer trends and shifting preferences, and proven ability to translate those insights into distinct brand positionings that build strong connections with consumers and foster brand loyalty. (more...)
How strong is the US dollar's position as a reserve currency?
- August 16, 2018
In a joint press conference with his Turkish counterpart Mevlut Cavusoglu in Ankara on Tuesday, Lavrov said the de-escalation agreement in Idleb does not apply to terrorist groups and the Syrian Army has the right to eliminate terrorism in all Syrian territory, stressing that Russian Federation will continue to support the Syrian Army in the fight against terrorists. (more...)
- August 16, 2018
In a joint press conference with his Turkish counterpart Mevlut Cavusoglu in Ankara on Tuesday, Lavrov said the de-escalation agreement in Idleb does not apply to terrorist groups and the Syrian Army has the right to eliminate terrorism in all Syrian territory, stressing that Russian Federation will continue to support the Syrian Army in the fight against terrorists. (more...)
Qatar pledges $15bn of direct investments in Turkey - Ankara
- August 16, 2018
Before the rally, the lira had lost around 45% of its value this year to date, posting record lows on a near-daily basis. Turkey announced Wednesday it is increasing tariffs on imports of certain USA products, escalating a feud with the United States that has helped trigger a currency crisis. (more...)
- August 16, 2018
Before the rally, the lira had lost around 45% of its value this year to date, posting record lows on a near-daily basis. Turkey announced Wednesday it is increasing tariffs on imports of certain USA products, escalating a feud with the United States that has helped trigger a currency crisis. (more...)
Turkey hits back at USA with tariff hikes on key products
- August 16, 2018
She had recently revised downwards her forecast for the ringgit due to the prevailing strong US dollar backdrop amid rising US-China trade tensions that put a renewed risk of weakness among Asian currencies . On Friday, the currency fell another 20 percent, before settling at being down 14 percent from Thursday's level. The euro also struggled near a 13-month low versus the Swiss franc EURCHF=, a traditional safe-haven currency . (more...)
- August 16, 2018
She had recently revised downwards her forecast for the ringgit due to the prevailing strong US dollar backdrop amid rising US-China trade tensions that put a renewed risk of weakness among Asian currencies . On Friday, the currency fell another 20 percent, before settling at being down 14 percent from Thursday's level. The euro also struggled near a 13-month low versus the Swiss franc EURCHF=, a traditional safe-haven currency . (more...)
Italy bridge collapse: What we know so far
- August 16, 2018
Motorists, meanwhile, recounted miraculous escapes and the horror of seeing others plunge over the edge. Teams with dogs are aiding search-and-rescue operations, but rescuers are not hearing or seeing any signs of life, he said , adding that the situation around the bridge site is still unsafe. (more...)
- August 16, 2018
Motorists, meanwhile, recounted miraculous escapes and the horror of seeing others plunge over the edge. Teams with dogs are aiding search-and-rescue operations, but rescuers are not hearing or seeing any signs of life, he said , adding that the situation around the bridge site is still unsafe. (more...)
Court rejects appeal for American pastor's release from detention, Turkish media says
- August 16, 2018
The decree will raise tariffs on American auto imports by 120-percent, alcohol by 140-percent and tobacco by 60-percent. The move comes amid increased tension between the two North Atlantic Treaty Organisation allies over Ankara's imprisonment of a pastor and other diplomatic issues. (more...)
- August 16, 2018
The decree will raise tariffs on American auto imports by 120-percent, alcohol by 140-percent and tobacco by 60-percent. The move comes amid increased tension between the two North Atlantic Treaty Organisation allies over Ankara's imprisonment of a pastor and other diplomatic issues. (more...)
House price growth slows to five-year low
- August 16, 2018
Earlier this month the Bank of England forecast inflation would rise to 2.6% in July before falling back. The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July. (more...)
- August 16, 2018
Earlier this month the Bank of England forecast inflation would rise to 2.6% in July before falling back. The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July. (more...)
White House press secretary apologizes after false statement about black employment
- August 15, 2018
Trump had already branded " Omarosa " - as she is commonly known in America - a "lowlife" after she released a recording of her firing by chief of staff John Kelly, seemingly recorded in the White House Situation Room. Carlo Allegri/ReutersOmarosa Manigault claims President Donald Trump considered getting sworn in on his book, "The Art of the Deal", instead of the Bible. (more...)
- August 15, 2018
Trump had already branded " Omarosa " - as she is commonly known in America - a "lowlife" after she released a recording of her firing by chief of staff John Kelly, seemingly recorded in the White House Situation Room. Carlo Allegri/ReutersOmarosa Manigault claims President Donald Trump considered getting sworn in on his book, "The Art of the Deal", instead of the Bible. (more...)
Turkish relations spiraling amid tit-for-tat penalties over detained pastor
- August 15, 2018
He suggested Turks would buy local or Korean phones instead, although it was unclear how he meant to enforce the boycott. Brunson , a North Carolina native, was the pastor of a Presbyterian church in Turkey . FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018. (more...)
- August 15, 2018
He suggested Turks would buy local or Korean phones instead, although it was unclear how he meant to enforce the boycott. Brunson , a North Carolina native, was the pastor of a Presbyterian church in Turkey . FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018. (more...)
Turkey doubles tariffs on some USA imports; Turkish lira rallies
- August 15, 2018
Turkey is increasing tariffs on imports of series of USA products, escalating a feud with the United States that has helped trigger a currency crisis . Attention will turn Thursday to an address by the finance minister to foreign investors for clues on any change in economic policy. On Tuesday, he said the government is working on steps to help banks and support companies affected by the currency crisis. (more...)
- August 15, 2018
Turkey is increasing tariffs on imports of series of USA products, escalating a feud with the United States that has helped trigger a currency crisis . Attention will turn Thursday to an address by the finance minister to foreign investors for clues on any change in economic policy. On Tuesday, he said the government is working on steps to help banks and support companies affected by the currency crisis. (more...)
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