by | August 17, 2018 | 16:56

In part to press Ankara to release U.S. Evangelical pastor Andrew Brundson, Trump raised tariffs on Turkish steel to 50 percent, and aluminum duties to 20 percent. It has attempted to recruit European and other governments as allies against Washington, but they echo USA complaints about Chinese market barriers and industrial policy.

by | August 17, 2018 | 16:44

The currency plunged to a record low of 7.24 to the dollar at the start of the week as a worsening of relations between Turkey and the USA added to losses driven by concerns over President Tayyip Erdogan's influence over monetary policy. According to the Hurriyet Daily, a significant number of importers began to withdraw their short and long-term orders after Turkish President Recep Tayyip Erdogan's appeal to boycott American electronic products on Tuesday.

by | August 17, 2018 | 15:39

German Finance Minister Olaf Scholz told his Turkish counterpart Berat Albayrak in a telephone call on Thursday that Germany has an interest in an economically stable Turkey , a German finance ministry spokesman said. He said many emerging market countries have improved their basic economic policies and regulations, and markets are differentiating between Turkey and these others.

by | August 15, 2018 | 20:57

The lira has lost more than 40% this year and crashed to an all-time low of 7.24 to the dollar on Monday, hit by worries over Erdogan's calls for lower borrowing costs and by worsening ties with the United States, a major North Atlantic Treaty Organisation ally.

by | August 15, 2018 | 20:57

Brent crude futures fell 14 cents to $72.67 a barrel by 11:18 a.m. EDT (1518 GMT). While the USA oil industry is experiencing a boom with the expansion of hydraulic fracturing techniques, energy drillers and fracking-related ETFs may slow down ahead with rising costs eating away at profits.

by | August 15, 2018 | 20:00

Atlantia and Autostrade did not immediately respond to requests for comment. Italian Prime Minister Giuseppe Conte declared a state of emergency for Genoa , one of Italy's busiest ports, whose main land corridor with France has effectively been severed.

by | August 15, 2018 | 13:24

The row with Washington has helped to drive the lira TRYTOM=D3 to record lows, with the currency losing more than 40 percent of its value against the dollar this year, prompting central bank liquidity moves to support it. "Once we got into August there was quite a bit of selling (of the euro), and it accelerated with the Turkey situation", said Wakabayashi. Earlier this month, the U.S.

by | August 14, 2018 | 18:37

Tesla was hit with another class-action lawsuit Friday, growing out of CEO Elon Musk's tweeted remark that he was considering taking the company private . Since telling his followers he has "funding secured" for the deal, the U.S. Securities and Exchange Commission has requested more information and Tesla's board of directors is expected to ask Musk to recuse himself as it reviews his take-private proposal.

by | August 14, 2018 | 17:12

The dispute centres on Turkey's refusal to release U.S. pastor Andrew Brunson. The confrontation between Washington and Ankara has largely been attributed by the United States corporate media to the failure of the Turkish government to release the USA evangelical Christian preacher Andrew Brunson, whom Ankara has accused of involvement in the abortive 2016 military coup against Erdogan.

by | August 13, 2018 | 18:28

Except that the fall in the Turkish lira , which earlier on Monday fell by a further 11% against the U.S. dollar to take its fall this year to more than 40%, has focused the minds of investors on what other economies may have similar characteristics, such as high levels of corruption and an unwillingness to tackle it among the political elite, or a high current account deficit and excessive reliance on overseas investors.

by | August 13, 2018 | 18:25

The Public Investment Fund, which has built up a stake just shy of 5 percent in Tesla in recent months, is exploring how it can be involved in the potential deal, said the people, who asked not to be identified talking about the matter. Musk wrote that he made the August 7 announcement because he had talked to large investors about his desire to take the company private. According to the report, which cites people with knowledge of PIF's plans, the fund is working to be a part of "any ...

by | August 11, 2018 | 20:35

The meetings came as Turkey seeks to stanch an economic meltdown amid fallout from USA sanctions imposed last week over the continued detention of the pastor, Andrew Brunson , who was jailed on espionage and terrorism suspicions more than two years ago and recently released to house arrest.

by | August 08, 2018 | 20:59

Trump even claimed that China is "trying to convince and scare the U.S. politicians" to fight against him. The government announced it has prepared a list of $60 billion worth of US goods to hit with duties should the USA follow through on a plan to impose duties on an additional $200 billion of Chinese goods, as early as next month.

by | August 05, 2018 | 22:42

Transportation, mining and financial services did not hire much in July. An increase in wages that occurred in June also could help the housing market even though it remains below the pre-recession rate of growth, he added. Manufacturing continued the strong growth it has seen since the beginning of 2017. The gains came from white-collar professional firms as well as manufacturing which filled 37,000 jobs.

by | August 05, 2018 | 22:13

China has rejected a demand by the United States to cut Iranian oil imports, according to Bloomberg news agency , which cited two officials familiar with the negotiations. Also last month, China , which is Iran's biggest customer, said it did not accept unilateral sanctions against Iran. The nuclear deal lifted worldwide sanctions in return for Iran limiting its nuclear program and allowing regular inspections.

by | August 04, 2018 | 22:57

From left, China's President Xi Jinping and U.S. President Donald Trump shake hands on November 9, 2017, during a meeting outside the Great Hall of the People in Beijing. imposed 25% taxes on $34bn of Chinese imports. Officials however downplayed suggestions the move was meant to compensate for the recent decline in the value of the Chinese currency, which have threatened to take much of the sting out of Mr Trump's tariffs by making the imports cheaper.

by | August 03, 2018 | 18:37

The foundation says that studies by the Federal Reserve show the holidays do not promote economic growth or significantly increase consumer purchases; they just prompt shoppers to buy at a different time. There is no requirement that the purchases be made for school or emergency preparedness purposes, and all retailers are required to participate. The Saturday after Thanksgiving is also a tax holiday in New Mexico, thanks to legislation passed in March.

by | August 02, 2018 | 20:09

One of five USA companies since the 1980s to take a turn as Wall Street's largest company by market capitalization, Apple could lose its lead to the likes of Alphabet Inc. Some market observers consider U.S. tech stocks to be overvalued, but few think we're in a bubble. A company's market value is calculated by multiplying its current share price by the total number of shares investors hold.

by | August 02, 2018 | 18:26

Bulls are betting the results and the contrition mark a turning point both for Tesla and its chief executive officer. "After three quarters where investors have been in the dark with respect to estimating Model 3 volumes and margins, Q2 felt like there might finally be some light at the end of the tunnel", Evercore analysts wrote.

by | August 02, 2018 | 13:40

The United States has blamed both for being involved in Brunson's arrest and detention. Brunson is an evangelical pastor from North Carolina who was arrested by Turkish authorities in 2016 after the failed coup attempt. Turkish Foreign Ministry on Wednesday strongly protested against U.S. Treasury Department's decision, calling on the U.S. administration to reverse its "wrong decision".