Markets

Author: 0 White House Calls On Turkey to Release American Pastor Andrew Brunson

The threat of new sanctions made it clear that no immediate end was in sight to the showdown between Ankara and Washington that has rattled financial markets and strained decades of strong military and political alliance. The US insists the pastor, a long-time Turkish resident, is "a victim of unfair and unjust detention". In a tweet on Thursday, Trump urged Brunson to serve as a "great patriot hostage" while he is jailed and criticized Turkey for "holding our wonderful Christian ...

Markets White House denounces Turkey tariffs on United States products
Author: 0 White House denounces Turkey tariffs on United States products

Chamber has warned that alienating our allies in a tit-for-tat trade war would harm the U.S. economy and undermine American global leadership, and evidence of that harm to U.S. The pastor has been detained in Turkey for 21 months on "terrorism" charges - suspected of having ties to the outlawed Gulenist movement - along with espionage accusations.

Markets Russia Rejects US Sanctions against its Country, Turkey
Author: 0 Russia Rejects US Sanctions against its Country, Turkey

Turkey's national currency lira has lost nearly 20 percent of its value against USA dollars since Friday, amid ongoing strain between Turkey and the US over detention of American pastor Andrew Brunson. Brunson, 50, is being tried on espionage and terror-related charges, which he and the US government vehemently deny. The US will not achieve aims by exerting pressure and imposing sanctions on Turkey, he continued.

Markets Trump claims tariffs on foreign nations will rescue U.S. steel industry
Author: 0 Trump claims tariffs on foreign nations will rescue U.S. steel industry

The Commerce Ministry said Wednesday the 30 percent tariffs announced in January violate WTO rules and improperly help USA producers. But perhaps most worrying for American businesses selling in China , a significant minority of the people interviewed - 14, or 28 percent - want to stop buying American products now, and some say they are already boycotting anything made in the U.S.

Markets Bitcoin drops below US$6000 as nearly every cryptocurrency sinks
Author: 0 Bitcoin drops below US$6000 as nearly every cryptocurrency sinks

This is the pioneer digital currency's lowest level since June. It was last down 3.5 percent at $6,036.74. On Dec. 19th, the average price of BTC was $17,605.81 across exchanges - an 65 percent higher price than the cryptocurrency's value today, according to the CoinDesk Bitcoin Price Index.

Markets USA says more sanctions await if Turkey does not free pastor
Author: 0 USA says more sanctions await if Turkey does not free pastor

Turkish President Recep Tayyip Erdogan has repeatedly described the dispute with the United States with as an "economic war" that Ankara will win. The Turkish currency was trading at 5.85 at 1740 GMT, more than 1 percent stronger on the day. "The tariffs are specific to national security", she said.

Markets Qatar's emir travels to crisis-hit Turkey in show of support
Author: 0 Qatar's emir travels to crisis-hit Turkey in show of support

As the feud between the USA administration and Turkey deepens, Turkish officials announced Wednesday they will increase tariffs on certain American imports. Overall, the duties will amount to $533 million, a relatively small sum that is unlikely to hurt USA companies much and appears meant instead to make a political point.

Markets China, US look to diffuse trade conflict; talks slated late August
Author: 0 China, US look to diffuse trade conflict; talks slated late August

However, financial observers expressed skepticism that any tangible agreement will come from the meeting, citing that the U.S. Trade Representative was not involved and the talks will occur between lower-level officials. Liu Weidong, a United States affairs expert at the Chinese Academy of Social Sciences, said a key aspect of Wang's visit was to check whether further formal dialogue between the two nations was possible.

Markets Corona beer parent company bets big on marijuana
Author: 0 Corona beer parent company bets big on marijuana

Victor, N.Y. -based Constellation is buying 104.5 million Canopy shares at $48.60 each to lift its stake to 38 per cent, marking the largest single investment in the legal marijuana sector to date. Canopy had a market value of $5.4 billion as of Tuesday. The licensed medical marijuana producer doesn't intend to acquire any cultivation assets at home, as it is easier to build their own, but would be eyeing domestic assets such as bottling lines, he added.

Markets Turkey doubles tariffs on some U.S. imports; lira rallies
Author: 0 Turkey doubles tariffs on some U.S. imports; lira rallies

The charges against him include supporting the outlawed Kurdistan Workers' Party as well as the movement of the US-based Turkish cleric Fethullah Gulen, which Turkey says orchestrated the failed coup attempt. They added that the Turkish and French finance ministers would meet soon. Turkey is increasing tariffs on imports of series of US products, escalating a feud with the United States that has helped trigger a currency crisis.

Markets Turkish lira rebounds after Qatar pledges $15 billion
Author: 0 Turkish lira rebounds after Qatar pledges $15 billion

Earlier, Turkish media reports hinted that Turkey had been "frustrated" with Qatar for being silent on the crisis. President Trump and Vice President Mike Pence have repeatedly urged Turkey to release Brunson, with the US levying sanctions against two Turkish ministers over his detainment.

Markets Home Price Index rises, July CPI unchanged
Author: 0 Home Price Index rises, July CPI unchanged

Prices of clothing and footwear fell 6.7% in July. Another measure of inflation, the retail price index, rose by 3.2 percent, its weakest rise since March 2017, offering a little bit of relief to rail travellers - many annual ticket price increases from January will be set by that reading.

Author: 0 US tariffs to stay on Turkey, Qatar offers Ankara aid

The decision to impose new tariffs came a day after Erdogan said Turkey would boycott United States electronic goods, singling out iPhones. Turkey may be shifting toward a greater partnership with Russia following the increased tensions, as top Turkish and Russian diplomats criticized the US sanctions this week.

Markets Tencent stuns with first profit drop in at least a decade
Author: 0 Tencent stuns with first profit drop in at least a decade

The Chinese tech conglomerate said that its net income for the three months that ended in June was 17.9 billion yuan ($2.6 billion), a decline of 2% compared to the same period previous year. Lau said Monster Hunter was blocked because its content "was not exactly compliant", adding Tencent was working with the developer to adjust the content for future approval.

Markets Qatar to invest $15b in Turkey's financial markets and banks
Author: 0 Qatar to invest $15b in Turkey's financial markets and banks

Although the Turkish lira recovered modestly today, President Recep Tayyip Erdogan announced today a boycott of America's iPhone manufactured by Apple and other unspecified electronic products. Yet last September, Erdogan suggested that Turkey could free Brunson if Washington handed over Gulen, who lives in self-imposed exile in Pennsylvania.

Markets Turkey retaliates against Trump tariffs, hiking fees on U.S
Author: 0 Turkey retaliates against Trump tariffs, hiking fees on U.S

The lira´s fall had raised fears Turkey was on the verge of a fully-fledged economic crisis , especially in its banking system, that could spill over into Europe and other markets. But fundamental concerns about the economy persist, experts say. Investors are anxious that about Erdogan's control over the central bank and his pressure to keep it from raising interest rates.

Author: 0 Turkey doubles tariffs on some U.S. imports; Turkish lira rallies

This follows tariffs emplaced on Turkish metal exports last week by President Donald Trump which has caused a freefall of the Turkish Lira. Erdogan says Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency.

Markets Oil Prices Rise As US Sanctions On Iran Tightens Market
Author: 0 Oil Prices Rise As US Sanctions On Iran Tightens Market

Despite the cautious mood in oil markets, bullish sentiment found some support from expectations that US sanctions against Tehran would restrict Iranian crude exports, tightening global supply. Oil prices slid Monday after inventories at a key U.S. crude delivery hub jumped last week, adding to demand concerns. In line with that, the oil cartel along with allies, including Russian Federation, agreed in June to ease production curbs and increase output by around 1 million bpd to offset for ...

Markets Kansas governor concedes defeat in Republican primary
Author: 0 Kansas governor concedes defeat in Republican primary

They are not going to elect me because of the fact that I'm transgender - that's the reality", Hallquist said , adding: "Obviously, nationwide it's significant, the first transgender governor. The first-term governor, who was elected in 2016 and is facing a primary challenge, saw his stock plummet between the first and second quarters of the year.

Markets Erdogan says Turkey to 'boycott' USA electronic goods
Author: 0 Erdogan says Turkey to 'boycott' USA electronic goods

The dispute centres on Turkey's refusal to release American pastor Andrew Brunson . Brunson's lawyer, Ismail Cem Halavurt, said the court had up to seven days to decide. Mr Erdogan suggested Turkey would stop procuring US-made iPhones and buy Korean Samsung or Turkish-made Vestel devices instead. The Turkish central bank said it would take "all necessary measures" to stabilize the country's economy to make sure the banks have all the money they need.

Markets Turkish Lira Continues it Freefall
Author: 0 Turkish Lira Continues it Freefall

He said that Russian Federation and Turkey have set a goal to switch to national currencies in mutual trade. It said it would take legal measures against them but did not say what these would be. Although Turkey's currency rose Tuesday, the war of words with the US that helped trigger the crisis continues. Turkish businesses have called for tighter economic policy to ensure the country minimises the potential fallout from the currency collapse.

Markets Musk's Tweets Blindsided Tesla Board Members
Author: 0 Musk's Tweets Blindsided Tesla Board Members

The last meeting between Musk and the Saudi representative took place on July 31, and concluded with Musk having " no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving ".

Markets Largest fire in California's history continues to spread north
Author: 0 Largest fire in California's history continues to spread north

Here, a firefighter walks through smoke during the Mendocino Complex Fire in Lakeport, California, on July 30, 2018. "The significant challenge for the Ranch Fire is the terrain it's starting to burn into". "Now we can focus on the challenge of the Ranch Fire", he said. The 190,873-acre (77,243-hectare) Carr Fire has destroyed almost 1,100 homes. But the fire is not resting on its achievements - in recent days it has been very active on its north side where it has spread ...

Markets Rupee fall due to external factors: Government
Author: 0 Rupee fall due to external factors: Government

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, brokers said. Stock markets opening with gains also boosted the domestic currency, dealers said. The government on Tuesday blamed "external factors" for the fall of rupee to an all-time low against the United States dollar and said that there is nothing to worry about as of now, PTI reported.

Markets Markets rattled as Turkish lira dives
Author: 0 Markets rattled as Turkish lira dives

In the speech to supporters in the Black Sea city of Trabzon, President Recep Tayyip Erdogan said that his country would not acquiesce to United States pressure, and that the Trump administration's actions were threatening the two countries' longstanding alliance.

Markets Tesla's CEO Elon Musk sued for fraud
Author: 0 Tesla's CEO Elon Musk sued for fraud

This is at odds with a Reuters report , published Saturday, which cited two anonymous sources claiming that PIF has no interest in financing Tesla's bid to go private. Tesla founder and CEO Elon Musk used Twitter late Friday to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation and shareholder lawsuits.

Author: 0 Erdogan says crash of lira ‘political plot’ against Turkey

The embattled Turkish lira tumbled over 16 percent to new record lows against the dollar as strains with the United States intensified over a number of issues including the detention of a pastor as well as Washington's cooperation with Syrian Kurdish militia force in the fight against Islamic State.

Markets Authorities probe how airline employee could steal plane
Author: 0 Authorities probe how airline employee could steal plane

The sheriff's department said they were working to conduct a background investigation on the Pierce County resident, whose name was not immediately released. Preliminary info is that a mechanic from unknown airlines stole plane. He crashed the plane in a wooded area of Ketron Island , 25 miles south of Seattle-Tacoma International Airport.

Markets Investors sue Tesla's Musk over go-private tweets
Author: 0 Investors sue Tesla's Musk over go-private tweets

The two lawsuits filed by Isaacs and William Chamberlain on Friday alleged that Musk and Tesla's behaviour following the tweets violated U.S. securities law, and artificially inflated the company's share price. "Because Musk has not secured financing, and has issued false and materially misleading information into the market, short sellers of Tesla stock were forced to cover their positions by purchasing shares at artificially inflated prices after 12:48pm on August 7, 2018".

Markets Turkey turmoil spills over to Wall St, shaves 200 pts off Dow
Author: 0 Turkey turmoil spills over to Wall St, shaves 200 pts off Dow

The VIX Volatility Index was higher at 13.20 for a gain of 1.93 points or 17.13%. The geopolitical turmoil in Turkey is certainly making waves across the global economies, particularly in the United States where the Dow Jones Industrial Average fell over 200 points today.

Markets How did suicidal ground worker take Alaska Air plane? It was easy
Author: 0 How did suicidal ground worker take Alaska Air plane? It was easy

A Seattle airline employee stole a commercial plane Friday night, taking to the air with military aircraft not far behind, and flew for an hour before crashing on a wooded island 40 miles away. "There is a protocol to not allow anyone singularly to get onboard an aircraft", CNN safety analyst David Soucie said. "Didn't really know it until now", the man said, according to audio from air traffic controllers.

Markets China set to respond to new round of United States tariffs
Author: 0 China set to respond to new round of United States tariffs

Last year's imports from the United States totaled about $130 billion. The now proposed charge is 10%, but it could increase to 25% once a consultation period ends. These facilities will increase US LNG exports from about 13.5 million tonnes now to about 66 million tonnes. "President Trump is keeping his promises to the American people on trade, from withdrawing the United States from the flawed Trans-Pacific Partnership, to renegotiating NAFTA, to strongly enforcing US trade laws", said ...