Markets

by | August 15, 2018 | 05:08

Erdoğan has blamed the crisis on "economic terrorists" in the United States, a North Atlantic Treaty Organisation ally, which he said is waging economic "war" against the country. "We are going to boycott United States electronics", Erdogan said. "The dollar's appreciation this year is concerning in the sense that it can lead to a vicious cycle by making it harder for borrowers to service USD-denominated debt, reinforcing default risks and hence leading to more capital outflows from ...

by | August 15, 2018 | 01:57

Ms Manigault Newman has come under heavy criticism for revealing she made the recording in the White House's Situation Room, where top-level security decisions are made by the president and where phones and recording devices are banned. She probably led with the n-word allegation because that was her most damaging shot against Trump himself, but she could still have dozens of recordings that would damage other White House insiders.

by | August 14, 2018 | 22:09

He said the court had up to seven days to decide. Mr Brunson has been detained for almost two years, accused him of links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup in 2016. "They don't hesitate to use the economy as a weapon", he said. "There is a cost for those who are plotting the operation" against Turkey, he said in televised remarks from Ankara, without specifying when the boycott would start or how it would be enforced.

by | August 14, 2018 | 19:40

He said he had most recently met with the Saudis on 31 July and left that meeting "with no question that a deal with the. fund could be closed, and that it was just a matter of getting the process moving". That assurance caused Tesla's stock to surge 11 percent in one day, boosting the company's market value by more than $6 billion to the dismay investors who had been betting Tesla's shares would decline.

by | August 14, 2018 | 19:08

The lira has already lost 40 percent of its value in the past month. Last week, US President Donald Trump ramped up his attack on Turkey by raising US tariffs on Turkish aluminium and steel imports to 20 percent and 50 percent, respectively.

by | August 14, 2018 | 18:24

Vienna was ideal in every category except culture and environment, where it scored 96.3 out of 100. "A long-running contender to the title, Vienna has succeeded in displacing Melbourne from the top spot due to increases in the Austrian capital's stability category ratings", it said, referring to one of the index's five headline components.

by | August 14, 2018 | 13:28

Relations between the two North Atlantic Treaty Organisation allies have plummeted in one of their worst crises in decades after the detention of United States pastor Andrew Brunson on terror-related charges, sending the Turkish lira into free fall against the dollar .

by | August 14, 2018 | 13:11

The currency traded at 69.93 on Monday against its Friday's close of 68.83, which was a biggest single session decline against the dollar since September 3, 2013. Earlier this month, the RBI raised rates to the highest in two years against the backdrop of an economy that's growing faster than any other major nation.

by | August 14, 2018 | 11:45

The MAFFS system can literally be rolled onto a number of different aircraft, including the legendary C-130 Hercules, allowing for integral air support in the firefighting effort without the need (and expense) of an entire fleet of dedicated firefighting aircraft.

by | August 13, 2018 | 23:26

The pound's weakness versus the euro "is a clear sign that markets are starting to focus on the pound-specific risks associated with a no-deal Brexit", said Viraj Patel, a currency strategist at ING Groep NV. Analysts said the pound was also being hit by a growing realisation that, after last week's Bank of England's policy meeting , United Kingdom interest rate increases were likely to be as limited as one a year and contingent on a smooth Brexit.

by | August 13, 2018 | 17:57

Since the firefighters were working a fire on an island only accessible by ferry, they weren't able to rotate crews like they normally would for a fire this size. The sheriff's department said "preliminary" information was that the plane's pilot was "a mechanic from unknown airlines" who "was doing stunts in air" or lacked flying skills.

by | August 13, 2018 | 16:55

Securities and Exchange Commission had begun inquiring about Musk's activity. Saudi Arabia is exploring how it could bankroll Elon Musk's ambitious plan to take Tesla private, as burnt short-sellers sue the electric auto entrepreneur over his bombshell tweet last week.

by | August 13, 2018 | 16:53

Field last worked in Apple's Mac division in 2013, before going to Tesla . Apple , meanwhile, clearly remains interested in the automotive realm, though the company has reportedly scaled back its ambitions and is now exclusively focused on self-driving vehicle technology.

by | August 13, 2018 | 06:23

USA and Mexican negotiators will resume talks next week on the update of the North American Free Trade Agreement , Mexico's Economy Minister Ildefonso Guajardo said Friday, August 10. Mexico and Washington have been discussing rules for the automotive sector, which has been a major point of contention between the two countries.

by | August 13, 2018 | 02:37

This marks the first time McDonald's has ever given away a McGold Card to a member of the public. The victor will be awarded a rare McGold Card "in mobile form", entitling them to free McDonald's for the next five decades. Victor will also receive a custom gold-plated phone case . Or, to be more specific, two meals per week for 50 years. "This is going to cost them less than one corporate Christmas party", said Rob Frankel, a Los Angeles-based branding strategy expert.

by | August 12, 2018 | 18:43

Richard Russell has been revealed to be the man who stole an Alaska Airlines jet from the Seattle-Tacoma Airport and took it for an hour-long joyride before crashing on an island in a ball of flames on Friday evening. Investigators were trying to retrieve the plane's flight data recorder and its cockpit voice recorder. According to the statement, family members said they were devasted by the events and that "Jesus is truly the only one holding this family together right now".

by | August 12, 2018 | 15:34

The company is revising its investment plan, taking into consideration the country's economic growth and geographical dividend. IKEA has also made a decision to look into e-commerce business in India by next year as the company says that in India it would increase investments as it looks unproblematic and faster than any part of the world.

by | August 12, 2018 | 14:55

The recordings were of radio communication between Russell and air traffic controllers. "The guy didn't know how to fly or intentionally did stunts over Anderson Island, and crashed into Ketron Island ", Troyer said. "Never really knew it until now". Audio exchanges between an air traffic controller and the pilot have been released. No injuries were reported on the ground, Pastor said, as the plane crashed and started an intense fire on the wooded, 230-acre island, which has a ...

by | August 12, 2018 | 14:59

The S&P 500 lost 7.07 points, or 0.2 per cent. Russia's dollar-traded RTS index plunged over three percent, Brazil Bovespa index was losing 2.3 percent, and the Turkish Borsa Istanbul index saw a 5.4 percent sell-off. Investors fled to safe-haven assets, pushing the dollar higher and weighing on US bond yields. The S&P 500 posted 12 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 87 new highs and 102 new lows.

by | August 12, 2018 | 11:21

One expert, Jill Fisch, a business law professor at the University of Pennsylvania Law School, said Chamberlain's and Issac's lawsuits will only be successful if they can prove Musk and Tesla did not actually seek or "secure" funding for the transaction.