Finance

White House condemns Turkey's tariffs on US imports

White House condemns Turkey's tariffs on US imports

The currency TRYTOM=D3 has lost almost 40 percent against the dollar this year, driven by worries over President Tayyip Erdogan's growing influence on the economy and his repeated calls for lower in...

by · Finance
Corona owner pumps US$4 billion more into weed producer Canopy

Corona owner pumps US$4 billion more into weed producer Canopy

Canopy said it will use the proceeds to expand and gain exposure to the almost 30 countries likely to approve medical marijuana . "Constellation's concentration of global cannabis activities exclus...

by · Finance

Sanders: My bad on that claim about black employment under Obama

Yesterday afternoon, Sarah Huckabee Sanders claimed that Donald Trump's policies had tripled job creation for African-Americans in two years over what Barack Obama had done in eight years. "It's...

by · Finance
Brunson: pastor at centre of Turkey-US row and market turmoil

Brunson: pastor at centre of Turkey-US row and market turmoil

The Trump administration has slapped the Turkish regime with tariffs and sanctions for holding the United States citizen captive. On Friday, Turkey's Foreign Ministry (MFA) said Turkey would retal...

by · Finance
Tencent Disappoints on Earnings as Its Games Face Regulatory Hurdles

Tencent Disappoints on Earnings as Its Games Face Regulatory Hurdles

Sales were 73.7 billion yuan, missing analyst estimates. Analysts polled by S&P Global Market Intelligence had forecast net profit of 18.7 billion yuan and revenue of 77.8 billion. Ms Jane Yip, a spok...

by · Finance
Turkey doubles tariffs on more United States imports as diplomatic row escalates

Turkey doubles tariffs on more United States imports as diplomatic row escalates

Ankara more than doubled the tariff on United States rice to 50%, increased the USA coal tariff to 14% from 10% and more than tripled the tariff on cars to 120%. Amid a Turkish-U.S. row, top ...

by · Finance

Turkey increases tariffs on some U.S. imports

A number of other Americans and Turkish employees of the U.S. diplomatic mission were also caught up in the post-coup crackdown. However, severe changes in the value of the currency calmed Tuesday...

by · Finance
Retail inflation at 9-month low; rate hike seems unlikely

Retail inflation at 9-month low; rate hike seems unlikely

The next bi-monthly policy is to be unveiled on October 5. The food inflation came at 1.37 per cent, driven by cooling of pulses, vegetable and sugar rates. High YoY fuel price increases have led to...

by · Finance
Bayer shares plunge on Monsanto ruling

Bayer shares plunge on Monsanto ruling

Tobias said Monsanto's promised appeal could result in the charges being reduced - but said the company "might want to consider settling now, depending on its calculus of the risk that it might lose o...

by · Finance
U.S. official warns of more actions against Turkey if pastor not freed

U.S. official warns of more actions against Turkey if pastor not freed

If the evangelical pastor is found guilty, he will face up to 35 years in jail. In a joint statement issued Tuesday, the industrialists' group TUSIAD and the Union of Chambers and Commodity Exchan...

by · Finance
Hallquist Becomes First Transgender Candidate To Win Major Party Nom For Governor

Hallquist Becomes First Transgender Candidate To Win Major Party Nom For Governor

Phil Scott is looking to secure his party's nomination once again. Within a few minutes of announcing Scott's win, the news service also called the Democratic primary for Christine Hallquist, making...

by · Finance
Turkish president says country will boycott iPhones

Turkish president says country will boycott iPhones

The Turkish lira, in particular, is down 41 per cent this year amid concerns over the country's financial stewardship and a continuing spat with the United States. On Tuesday, one dollar was worth 7.2...

by · Finance
Trump’s campaign takes legal action against Omarosa, alleging breach of secrecy agreement

Trump’s campaign takes legal action against Omarosa, alleging breach of secrecy agreement

Omarosa has been a TV news fixture in recent days as she promotes her book, which is published by an imprint of Simon & Schuster, a division of the CBS Corporation. The president tweeted on Monday ni...

by · Finance
Drop in Turkish lira is making us a lot more money

Drop in Turkish lira is making us a lot more money

He added that USA electronics would have sanctions placed on them. "We go through the list of options they have to stop this: it involves rate hikes, getting the International Monetary Fund involved...

by · Finance

Scots unemployment rate down slightly to 4.2%

The UK as a whole saw its economic inactivity rate increase slightly, to 21.2%, over the same three months. "This will not be what the Bank of England will have wanted to see, as one of the justif...

by · Finance
Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

Investors seemed to look through the fiery rhetoric, pushing the lira off record lows on reports that Turkish and US government officials held talks on Monday. "Some close the doors and some others ...

by · Finance
Oil edges up on Saudi output cut and Iran sanctions

Oil edges up on Saudi output cut and Iran sanctions

In direct communications with OPEC, Saudi Arabia reported that its monthly crude production slipped by 201,000 bpd in July, meaning that it pumped 10.288 million bpd last month - lower than the 10.387...

by · Finance
Musk Confirms Saudi Sovereign Fund Wants To Pull Tesla Off Market

Musk Confirms Saudi Sovereign Fund Wants To Pull Tesla Off Market

Mr Musk's tweet earlier this month had said " funding secured ", raising questions about where the financing for any deal might come from. On Aug. 7, trading of Tesla stock was halted for 92 minut...

by · Finance
Turkey pledges action to calm markets

Turkey pledges action to calm markets

It comes after the Turkish currency fell to a new low of 7.2 lira to the dollar , dragging the MSCI world equity index, which tracks shares in 47 countries, down 0.6 per cent as markets opened. But...

by · Finance

'Manic Monday': Turkey's collapse sinks emerging markets

The details would be unveiled shortly, the country's finance minister told Turkish newspaper Hurriyet . The Organization of the Petroleum Exporting Countries forecast lower demand for its crude n...

by · Finance
Photos Show Horrifying Scenes from California Wildfires

Photos Show Horrifying Scenes from California Wildfires

The Mendocino Complex Unified Incident Commanders will be making a press statement... Interested in California Wildfires? Here, a firefighter walks through smoke during the Mendocino Complex Fi...

by · Finance
Indian rupee drops to 19.05 vs dirham for the first time

Indian rupee drops to 19.05 vs dirham for the first time

The 10-year benchmark bond yield inched up to 7.82 percent after staying muted in early trade. On Monday, the rupee had tumbled 110 paise to close at 69.93 - its biggest single-day fall in five years....

by · Finance

Turkey takes action in bid to curb currency crisis

The lira has now dropped some 45 percent this year. The US dollar is the strongest it's been in more than a year, which could eventually create problems for US companies that make a lot of sales o...

by · Finance
Emerging markets head for 'textbook currency crisis'

Emerging markets head for 'textbook currency crisis'

The Turkish lira has plunged 40 percent this year, dropping 16 percent Friday and tumbling another seven percent Monday, trading at 6.9 to the dollar, up slightly from its low point. Energy and indu...

by · Finance
Erdogan slams 'stab in back' as Turkey fails to halt lira carnage

Erdogan slams 'stab in back' as Turkey fails to halt lira carnage

But Turkey's foreign minister said the USA wouldn't achieve its aims by exerting pressure and imposing sanctions. Turkey scrambled a delegation to Washington last week to stave off the crisis ...

by · Finance
Suspected Seattle plane thief had 'full airport credentials'

Suspected Seattle plane thief had 'full airport credentials'

The data recorder will be sent Monday to the NTSB lab in Washington, D.C., to be analyzed this week by NTSB and FBI investigators, according to a source. When the control tower urged him to attempt to...

by · Finance
FBI recovers flight data recorder from stolen plane at Seattle Airport

FBI recovers flight data recorder from stolen plane at Seattle Airport

Mr Russell, who liked to be called Beebo, has been described by his family as "a faithful husband, loving son and a good friend". In his final moments captured by partial recordings of his conver...

by · Finance
Turkey's finance minister promises economic action plan

Turkey's finance minister promises economic action plan

The Turkish leader has been sanguine over the punitive measures announced by the U.S., saying that while Turkey's relationship with Washington is at stake it will look for other partners. "Nonet...

by · Finance
Turkish crisis weakens shekel against dollar

Turkish crisis weakens shekel against dollar

By 1903 GMT on Sunday - early Monday morning in the Asia Pacific - the lira was at 7.06 against the dollar, after touching 7.24 earlier. Turkish President Recep Tayyip Erdogan, embroiled in a bitt...

by · Finance
Saudi Arabia eyes enlarged stake in Musk’s private Tesla

Saudi Arabia eyes enlarged stake in Musk’s private Tesla

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the...

by · Finance
Former Head of Telsa Model 3 Production Doug Field Returns to Apple

Former Head of Telsa Model 3 Production Doug Field Returns to Apple

The field will again be working with Bob Mansfield. A month later, Tesla founder Elon Musk installed a makeshift assembly line tent outside the Tesla plant in a last ditch attempt to produce 5,000...

by · Finance
Turkish lira crisis gets worse with fresh 11% plunge

Turkish lira crisis gets worse with fresh 11% plunge

Meanwhile, the U.S. government is using the lira crisis to ramp up pressure on Turkey over its detention of an American pastor . "We will be taking the necessary steps with our banks and banking wa...

by · Finance

Saudi Arabia's sovereign wealth fund looking to take Tesla private

On Tuesday he tweeted that he had secured funding to buy all Tesla shares and take the company private. Reuters reported on August 11 that the PIF has shown no interest so far in financing Mus...

by · Finance

Erdogan: Lira crash political plot against Ankara

We look the issue straining relations between the U.S. and Turkey. European banking stocks fell on Friday and the nervousness spread to the United States, where the S&P500 finished lost 0.7%. In a sta...

by · Finance
Canada Job Creation Surges in July

Canada Job Creation Surges in July

Across the provinces, Ontario gained 60,600 jobs - all in part-time work - and the unemployment rate dropped 0.5 percentage points to 5.4 per cent for its lowest reading since July 2000. The breakdown...

by · Finance
Trade Desk (TTD) Announces Quarterly Earnings Results

Trade Desk (TTD) Announces Quarterly Earnings Results

CIBC began coverage on Trade Desk in a research report on Thursday, May 10th. The stock has "Buy" rating by Stifel Nicolaus on Friday, June 8. Over a month, it has seen its stock price volatility to...

by · Finance
Nike Sued For 'Devaluing And Demeaning' Women

Nike Sued For 'Devaluing And Demeaning' Women

Johnston, who worked at Nike for almost a decade, said she was sexually harassed with nude pictures and propositions and later mistreated by her male harasser when she rebuffed his advances, accordin...

by · Finance
Authorities Probe How 'Suicidal' Employee Could Steal Plane

Authorities Probe How 'Suicidal' Employee Could Steal Plane

Communication between Russell and air traffic controllers revealed a conversation between authorities and Rich , who boisterously says he fueled the plane "to go check out the Olympics [mountains]". ...

by · Finance
IKEA in Hyderabad: First Day Review

IKEA in Hyderabad: First Day Review

The company is revising its investment plan , taking into consideration the country's economic growth and geographical dividend. The sight of concept homes meets the customers as they walk through ...

by · Finance
Markets Now: Dow Drops 105 Points as Turkey Finally Matters

Markets Now: Dow Drops 105 Points as Turkey Finally Matters

The S&P financial index.SPSY was down 0.6 percent. Shares of Apple rose 0.8 percent, while those of Amazon (AMZN.O) were up 0.6 percent. You worry about the effects on Europe. For the week, the Dow ...

by · Finance