Finance

United States threatens Turkey with more sanctions if it doesn’t free pastor

Local Turkish social media has been awash this week with footage of people smashing their iPhones in protest of US President Donald Trump and his recent sanctions on Turkey. This has worsened a crisis for Turkey's currency, the lira, which has lost about a third of its value against the dollar since January. The currency lost almost 40 percent against the dollar this year, driven by worrie... [Full Article...]

Italy's government attacks Benetton family over Genoa bridge collapse

Italy's government attacks Benetton family over Genoa bridge collapse Part of the Morandi bridge collapsed during a heavy storm in the northern port city on Tuesday, sending about 35 cars and several trucks plunging 45 metres onto railway tracks below. Conte also announced after a cabinet meeting Wednesday that a national day of mourning was being planned. He called the tragedy "unacceptable in a modern society" and vowed to work so similar events won't happen a... [Full Article...]

Turkish lira rallies as Qatar makes $15 bil. loan pledge

Turkish lira rallies as Qatar makes $15 bil. loan pledge The lira had nosedived in recent weeks, hitting a record low of 7.24 earlier this week, amid a diplomatic and trade dispute with the United States that has exacerbated investor concerns over Turkey's economy. Brunson was arrested in October 2016 and moved to house arrest in July. Turkey and the USA have been locked in a heated crisis emanating from unjust sanctions and the actions of Trump, ... [Full Article...]

China blasts US solar tariffs, takes WTO action

China blasts US solar tariffs, takes WTO action BEIJING-China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with U.S. On the same day, Turkey's imposition of tariffs on 266.5 million dollars of USA goods took effect. "The solar problem has existed for years". USA officials say such action is necessary because the WTO lacks the ability to address Chinese trade... [Full Article...]

US Condemns Turkey's New 'Regrettable' Tariffs

US Condemns Turkey's New 'Regrettable' Tariffs She said Turkey had treated Brunson "who we know to be a very good person and a strong Christian who has done nothing wrong, very unfairly, very badly, and it's something that we won't forget". Qatar has promised to make a Dollars 15 billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic standoff with the United States, officials said. [Full Article...]

Erdogan says Turkey to boycott USA electronic goods

Erdogan says Turkey to boycott USA electronic goods But despite the global alarm by western markets and countries, the country is finding allies in support of its currency and in the row against Washington . "This is just a symbolic gesture", said Ozgur Unluhisarcikli, director of the German Marshall Fund's Ankara office. "We (also) have our Venus and Vestel", he said about homegrown Turkish electronics brands. [Full Article...]

White House says Turkish sanctions 'regrettable'

White House says Turkish sanctions 'regrettable' Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey on August 14, 2018. "The tariffs are specific to national security". Turkey needs to reconcile with the United States in order to stop the ongoing depreciation of the Turkish lira, which is unlikely to be possible without the release of detained U.S. [Full Article...]

Govt rubbishes report that Indian currency is 'Made in China'

Govt rubbishes report that Indian currency is 'Made in China' Shashi Tharoor tweeted that if this is true, it can have disturbing national security implications. The Reserve Bank of India has time and again asserted that the country's currency gets printed only within India . China's attitude towards printing currency marks a change from previous low demand for printing as Chinese citizens have turned to using their phones rather then cash. [Full Article...]

Unemployment falls but recruitment gap worries business leaders

Unemployment falls but recruitment gap worries business leaders Annual wage growth, however, slowed to a nine-month low of 2.4 per cent. Compared with the same three months of 2017 - when Scottish employment was at a record high - the number seeking work was up by 7,000, and the number of those aged 16 to 64 in employment was down by 3,000. [Full Article...]

Canopy Growth Corp Inspired Sector Run Expected To Ensue Today

Canopy Growth Corp Inspired Sector Run Expected To Ensue Today Molson Coors Brewing earlier this month said its Canadian arm would make cannabis-infused drinks with Hydropothecary Corp. Alcohol giant Constellation Brands will invest $5 billion in Canopy Growth Corp. Constellation will increase its ownership interest by acquiring 104.5 million shares directly from the company, thereby achieving approximately 38 percent ownership when assuming exercise ... [Full Article...]

Turkey, Russia vow to enhance strategic partnership

Turkey, Russia vow to enhance strategic partnership Russian Foreign Minister Sergey Lavrov today rejected the US sanctions imposed on his country and Turkey during a press conference in this capital. Ankara was also ready for such a move in trade with the European Union, he added. "But, objectively, of course, we feel the desire of the West, primarily the United States, but not only it, not to let the Astana process achieve substantive results ... [Full Article...]

Turkey to boycott U.S. electronics after lira reaches record low

Turkey to boycott U.S. electronics after lira reaches record low 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. "We will stand against the dollar, currency rates, inflation, interest rates". Turkish Lira banknotes are seen in this October 10, 2017 picture illustration. [Full Article...]

China’s Vice Commerce Minister to visit U.S. for trade talks

China’s Vice Commerce Minister to visit U.S. for trade talks At the invitation of the United States, a delegation led by Vice Commerce Minister Wang Shouwen, the deputy representative on worldwide trade negotiations, will meet with a team led by senior USA treasury official David Malpass, the ministry said in a statement. [Full Article...]

Russia Backs Non-dollar Trade With Turkey

Russia Backs Non-dollar Trade With Turkey The move comes after US President Donald Trump announced last week that the United States was doubling steel and aluminium tariffs on Turkey , as the two North Atlantic Treaty Organisation allies quarrel over Brunson's detention. Turkey says its ready to enter talks with the United States regarding the ongoing trade and diplomatic disputes. Tensions between the U.S. and Turkey have been ... [Full Article...]

Bitcoin falls through $6,000 mark as cryptocurrencies suffer

Bitcoin falls through $6,000 mark as cryptocurrencies suffer Treasuries. Bitcoin dropped below US$6,000 (RM24,563) and dozens of smaller digital tokens tumbled as this month's selloff in cryptocurrencies showed few signs of letting up. Although in the past bitcoin's fall has led investors to buy altcoins -preferably stable coins- this time things have gone differently as investors seem to be more encouraged by the fall to get behind bitcoin. [Full Article...]

Italian bridge collapse survivor says it came down "like flour"

Italian bridge collapse survivor says it came down As this crippled major Mediterranean port city of 600,000 reeled from the tragedy, about 1,000 rescue workers today kept searching through tons of broken concrete slabs, smashed vehicles and twisted steel from the bridge for any more bodies. [Full Article...]

Turkey braces for hard times amid currency crisis, United States spat

The rebound in the Turkish currency to stronger than 6.0 against the US dollar was driven by a banking watchdog's step to limit swap transactions and by hopes of improved relations with the European Union. A senior official says a series of measures aimed at shoring up the Turkish currency are taking effect and that he expects the improvements to continue. [Full Article...]

Turkey retaliates against Trump tariffs, hiking fees on U.S

Turkey retaliates against Trump tariffs, hiking fees on U.S Tensions between the two North Atlantic Treaty Organisation allies have been strained amid Turkey's detention of American pastor Andrew Brunson . U.S. As a court in the western Turkish city of Izmir rejected a new appeal to free Brunson on Wednesday, spoksman Kalin said the USA needs to be respectful of the judicial procedures in Turkey. [Full Article...]

Sarah Sanders Apologizes For False Claim About African-American Jobs

In the book , Manigault Newman suggests she joined Trump's campaign - despite the misgivings she said she had about her longtime friend and mentor - after an arrangement to join Democrat Hillary Clinton's campaign fell through and left her feeling spurned. [Full Article...]

Turkey increases tariffs on some USA imports

Turkey increases tariffs on some USA imports The investment package was announced after Qatar's Emir Tamim bin Hamad Al Thani met President Tayyip Erdogan in Ankara , as Turkey grapples with a collapse in the lira and tensions with North Atlantic Treaty Organisation ally the United States. [Full Article...]


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