China unperturbed by trade war at the street level - Reuters Poll

China filed a complaint with the WTO to help determine the legality of the USA policies, saying they not only harm China's rights but also undermine the WTO's authority, according to Reuters . China has tried to portray itself as a defender of the W... More..

by | Published more than a month ago
Turkish finance chief tries to reassure investors on crisis
by | Friday, August 17, 2018

Turkish finance chief tries to reassure investors on crisis

The US leader authorised the implementation of sharp tariffs on imports of aluminium and steel from Turkey last Friday. Qatar said it would provide "a host of economic projects, investments and deposits...More..

Turks film themselves smashing iPhones amid US-Turkey trade war
by | Thursday, August 16, 2018

Turks film themselves smashing iPhones amid US-Turkey trade war

Retail investors in Turkey are understood to have sold $50m (£39m) to $60m in foreign currency with the jump in the lira exaggerated by thin trading volumes, according to Bloomberg . It was unclear how Erdo...More..

China, US look to diffuse trade conflict; talks slated late August
by | Thursday, August 16, 2018

China, US look to diffuse trade conflict; talks slated late August

Trade Representative was not involved and the talks will occur between lower-level officials. The Chinese Commerce Ministry announced Thursday that a delegation will travel to the United States later this mon...More..

Qatar pledges $15 billion of investment in Turkey
by | Thursday, August 16, 2018

Qatar pledges $15 billion of investment in Turkey

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, ad...More..

Tencent Reports Rare Profit Drop As Gaming Unit Falls Under Regulatory Scrutiny
by | Thursday, August 16, 2018

Tencent Reports Rare Profit Drop As Gaming Unit Falls Under Regulatory Scrutiny

Tencent's shares were down 3.44% on Wednesday, following a more than 3% fall on Tuesday. The Chinese tech conglomerate said that its net income for the three months that ended in June was 17.9 billion yuan (...More..

Turkey's economy plummets amid U.S. sanctions
by | Thursday, August 16, 2018

Turkey's economy plummets amid U.S. sanctions

Tariffs on American cars doubled to 120 percent while tariffs on alcoholic drinks increased to 140 percent. On Wednesday, Turkey increased tariffs on United States cars, alcohol and cigarettes, after President ...More..

Retail inflation cools to 4.17% in July; pulses, vegetable prices eases
by | Thursday, August 16, 2018

Retail inflation cools to 4.17% in July; pulses, vegetable prices eases

Inflation rose last month, largely due to higher transport costs, new official figures show. Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, said a pick-up in the cost of recreational...More..

by | Thursday, August 16, 2018

US Condemns Turkey's New 'Regrettable' Tariffs

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a USA pastor, as Qatar pledged US$15 billion in investment to Turkey, suppo...More..

Turkish courts release detainees but reject USA pastor's appeal
by | Wednesday, August 15, 2018

Turkish courts release detainees but reject USA pastor's appeal

It recovered a bit, by four per cent to around 6.12 lira per USA dollar Wednesday, after the government took steps to shore up the currency by reducing the daily limit in bank foreign currency swap transactions...More..

Turkey to raise tariffs on U.S. goods
by | Wednesday, August 15, 2018

Turkey to raise tariffs on U.S. goods

The row with Washington has helped drive the lira to record lows, with the currency losing more than 40 per cent of its value against the dollar this year, prompting central bank liquidity moves to support it...More..

Oil tumbles as much as 2% as Oklahoma crude piles up
by | Wednesday, August 15, 2018

Oil tumbles as much as 2% as Oklahoma crude piles up

US light crude was up 90 cents at $68.10. Also on Monday, a monthly OPEC report showed oil production in Saudi Arabia unexpectedly fell last month from June. Moreover, looming concerns over slowing global eco...More..

Turkey is boycotting iPhones, but it hurts Turkey more than Apple
by | Wednesday, August 15, 2018

Turkey is boycotting iPhones, but it hurts Turkey more than Apple

Erdogan said the nation of 80 million people would stop buying American electronics, condemning the "explicit economic attack" against his country. Apple, iPhone, and iPad are trademarks of Apple Inc., regist...More..

Goldman, Silver Lake Advice Tesla On Going Private Plan
by | Tuesday, August 14, 2018

Goldman, Silver Lake Advice Tesla On Going Private Plan

The billionaire says the Saudis have been pushing him to take Tesla private for nearly two years, promising to back him up should he make this decision. "I'm excited to work with Silver Lake and Goldman Sachs",...More..

Erdogan: Turkey Will Target U.S. Electronics in Boycott Response
by | Tuesday, August 14, 2018

Erdogan: Turkey Will Target U.S. Electronics in Boycott Response

The top US 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". He is facing 35 years in a ...More..

Firefighters Make Gains Against California Fires
by | Tuesday, August 14, 2018

Firefighters Make Gains Against California Fires

The vast majority of the fire - 65,460 acres - has torn through the Sierra National Forest, making it the largest fire in the forest's history, U.S. The River Fire has stay the same size, at 48,920 acres, for...More..

Rupee breaches the 70 mark: How it's bad, and how it's good
by | Tuesday, August 14, 2018

Rupee breaches the 70 mark: How it's bad, and how it's good

The Indian rupee on Tuesday morning fell to a record low of 70 against the USA dollar. The currency crisis has been observed across Asian markets, causing a weakening in domestic equities, sparked majorly...More..

Erdogan under pressure as Turkish lira plunges to record low
by | Tuesday, August 14, 2018

Erdogan under pressure as Turkish lira plunges to record low

Asian markets fell overnight, while European markets were slightly lower. Still, in a sign that investors are still trying to work through the implications of Turkey's meltdown, the rupee hit the 70-per d...More..

Horizon Air Q400 Hijacked from Seattle
by | Tuesday, August 14, 2018

Horizon Air Q400 Hijacked from Seattle

The plane eventually crashed on sparsely populated Ketron Island , starting a fire in the woods and killing Russell. White House Press Secretary Sarah Huckabee Sanders said Saturday morning that Presiden...More..

Turkey takes action in bid to curb currency crisis
by | Monday, August 13, 2018

Turkey takes action in bid to curb currency crisis

As the lira plunged another seven percent in value, investors fretted over potential economic contagion from Turkey , particularly to European banks. U.S. State Department spokesperson Heather Nauert said on T...More..

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal
by | Monday, August 13, 2018

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

It said this occurred largely through a series of tweets by Musk on August 7, including when he said he might take Tesla private and that there was "funding secured". Other investors have begun to file lawsuits...More..

Musk says he's talking with Saudi fund to take Tesla private
by | Monday, August 13, 2018

Musk says he's talking with Saudi fund to take Tesla private

Musk also clarified that "most of the capital required for going private would be funded by equity rather than debt", which, he wrote, " reports that more than $70B would be needed to take Tesla private dram...More..

Tech stocks drive Nasdaq higher; Dow, S&P flat
by | Sunday, August 12, 2018

Tech stocks drive Nasdaq higher; Dow, S&P flat

S&P technology sector's 0.5 percent fall was led by chipmakers. The euro was down 0.5% to $1.1463 and the dollar hit a one-year high as investors looked for safe assets, before falling slightly. The Nasdaq ...More..

Who is funding Tesla buyout plan, board asks Elon Musk
by | Sunday, August 12, 2018

Who is funding Tesla buyout plan, board asks Elon Musk

The SEC already has opened an inquiry into the wording and method of Musk's disclosure about the deal, according to a Wednesday report in The Wall Street Journal , which cited unidentified people familiar with...More..

China out with retaliatory tariffs on U.S.
by | Saturday, August 11, 2018

China out with retaliatory tariffs on U.S.

Having claimed that "trade wars are good and easy to win", President Trump has said that he is prepared to hit up to $500 billion of Chinese goods with taxes in an attempt to reduce America's... Economic grow...More..

US SEC Postpones VanEck-SolidX Bitcoin ETF Decision Until September 30
by | Saturday, August 11, 2018

US SEC Postpones VanEck-SolidX Bitcoin ETF Decision Until September 30

Now, the question that arises is what can account for Bitcoin's price drop on August 4. Will the VanEck Bitcoin ETF be the first? Looking more at the charts, price attempted to break back above the 100-...More..

Monsanto must pay $289m in damages over herbicide cancer case
by | Saturday, August 11, 2018

Monsanto must pay $289m in damages over herbicide cancer case

Johnson's lawyer, Brent Wisner , said the jury's verdict showed there was "overwhelming" evidence against the product. Mr Johnson's lawyers said he sprayed Roundup and a similar product, Ranger Pro, in lar...More..

Ryanair strike hits 55,000 customers across Europe
by | Saturday, August 11, 2018

Ryanair strike hits 55,000 customers across Europe

At Charleroi Airport, Belgium's second largest and a major Ryanair hub in the region, striking staff gathered in the departure hall and held up banners reading "Ryanair must change- Respect us". Around 55,000...More..

Trump doubles tariffs on Turkish metals
by | Saturday, August 11, 2018

Trump doubles tariffs on Turkish metals

President Tayyip Erdogan has told Turks to sell their gold and US dollars to support the country's currency which plunged after US President Donald Trump escalated a feud with North Atlantic Treaty Organisa...More..

The Russian ruble is getting slammed amid USA sanctions
by | Friday, August 10, 2018

The Russian ruble is getting slammed amid USA sanctions

Russian Federation is planning retaliatory measures against sanctions imposed by the USA over the poisoning of former spy Sergei Skripal, which caused the rouble to fall to its lowest level since November 2...More..

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