Markets

by | August 16, 2018 | 16:12

For decades, the world's de facto currency of record has been the U.S. dollar. Another stumbling block in bilateral relations is the arrest of American pastor Andrew Brunson in Turkey . Turkey retaliated on Wednesday with tariffs on certain U.S. goods. Russia's Foreign Ministry said on Monday that a four-way Syria summit "is planned in the upcoming future", with the leaders of Russia, France, Turkey and Germany attending.

by | August 16, 2018 | 16:09

The ministry reiterated in the statement that China is against unilateralism and trade protectionism, and won't accept any unilateral trade restrictions. While Liu and Ross had also been involved in the four previous rounds, US Treasury Secretary Steven Mnuchin absence from the coming round rendered it a lower-level meeting.

by | August 16, 2018 | 14:54

Its drop of as much as 18% on Friday hit European and USA stocks as investors fretted about banks' exposure to Turkey. President Erdogan has done much to undermine that confidence since his first election in 2014, drastically shifting Turkey's political system away from liberal democratic fundamentals toward one-man rule.

by | August 16, 2018 | 14:02

Tariffs on American cars were doubled to 120 percent while tariff on alcoholic drinks to 140 percent. Tariffs were also increased on cosmetics, rice and coal. The collapse, which intensified this month and triggered contagion that spread across emerging markets, is making it much more costly for businesses to refinance at least US$16 billion in bonds denominated in foreign currencies that are due by year-end, according to calculations by Bloomberg.

by | August 16, 2018 | 13:40

All the other altcoins constitute for the remaining 50%. At the time of writing this, Bitcoin price is trading above the $6,300 mark, which means that it has lost more than 60% of its value since the start of the year. In today's trading, the Bitcoin price stood at $6,426.71, as of 08:56 BST. The next day, the Bitcoin dominance dropped to 47.2%, with BTC price also dropping.

by | August 16, 2018 | 13:13

Salvini declined to say how many people are still missing, and he added that trying to locate them was particularly hard, due to the holiday. The Italian CNR civil engineering society said structures dating from when the Morandi Bridge was built had surpassed their lifespan.

by | August 16, 2018 | 13:14

The lira was trading on Wednesday at 6.1 to the dollar, a gain in value on the day of 4.5 percent. Meanwhile, a local court rejected an appeal by Pastor Andrew Brunson , a USA citizen who has lived and worked in Turkey for almost two decades, to be released from house arrest while he is awaiting a trial for espionage and terrorism-related charges.

by | August 16, 2018 | 08:40

American pastor Andrew Brunson is being held on terrorism charges in Turkey, facing up to 35 years in prison for his alleged role in a failed coup in 2016. national security adviser John Bolton on Monday met Turkey's ambassador to the United States to discuss Brunson's detention. Erdogan also said that the country could depend on Venus and Vestel, two of Turkey's domestic smartphone brands.

by | August 15, 2018 | 23:32

She also released audio of Trump campaign aides discussing fallout plans if an alleged video of Trump using a racial slur ever surfaces. "I will not be silenced". For example, in her book she says she spoke to a source who had heard a tape of Trump using racial slurs. Omarosa also reportedly taped Jared Kushner and Ivanka Trump calling her after she was sacked to offer their condolences and say they had no idea it was happening.

by | August 15, 2018 | 23:01

Earlier in August, his administration had levied sanctions against Turkey's justice and interior ministers, accusing them of playing "leading roles" in the organizations responsible for the arrest and detention of Pastor Andrew Brunson .

by | August 15, 2018 | 21:46

They claim fare rises are pricing people off the railways because wages are not increasing at the same rate. Many long-distance commuters will see the annual cost of getting to work increase by more than £100. Mr Grayling has asked train operators and unions to use the Consumer Prices Index (CPI), a lower inflation measure compared to the current Retail Prices Index (RPI) used.

by | August 15, 2018 | 20:39

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. The slumps followed the halt in sales Monday of Capcom fantasy " Monster Hunter: World " by Tencent subsidiary WeGame, on the orders of Chinese regulators.

by | August 15, 2018 | 19:34

In this Friday, Dec. 25, 2015 photo, Turkey's President Recep Tayyip Erdogan , right, holds Turkish citizen Vezir Cakras by the hand while speaking on his mobile phone inside his auto in Istanbul . Turkey is now in the middle of a severe financial crisis with the collapse of its currency in recent days. Turkey has traditionally suffered from a large current account deficit.

by | August 15, 2018 | 17:41

Erdogan said on Tuesday his country would boycott all American-made electronic products, including US-made iPhones. The lira's plunge - which had been ongoing for weeks - was turned into a rout on Friday when US President Donald Trump tweeted that Washington was doubling aluminium and steel tariffs for Turkey.

by | August 15, 2018 | 15:18

It has now risen again, although the ONS suggested this is likely a blip, noting that computer game prices - which helped drive inflation higher - are "highly variable from month to month". Samuel Tombs at Pantheon Macroeconomics added: "Unless inflation in the services sector strengthens dramatically, CPI inflation will fall below the 2% target in the first half of next year".

by | August 15, 2018 | 11:28

The share price of German agrochemicals giant Bayer AG has dropped by more than 10 percent on Monday after a US court ordered its subsidiary Monsanto to pay a total of 298 million USA dollars in damages for selling a carcinogenic weed killer.

by | August 15, 2018 | 11:25

Britain's economy warmed up a little in the second quarter from its winter slowdown of early 2018, official data showed last week, but there was no sign of an end to its lacklustre performance in the run-up to next March's Brexit . The UK wages excluding bonuses rose by 2.7% y/y compared to 2.7% y/y expected. However, Scottish Secretary David Mundell said he was "concerned that these numbers show a worsening unemployment picture of the year", adding: "With Scotland's economy continuing to ...

by | August 15, 2018 | 07:53

Turkey's lira currency has been falling steadily for the a year ago because of a clearly stated view by Mr. Erdogan that interest rates are "evil", and because he has been controlling Turkey's central bank consistent with that belief. It was not clear when the court would consider the appeal. The country also faces a year-on-year credit deficit if $57bn, or 7 percent of Gross Domestic Product (GDP), and growing unemployment.

by | August 15, 2018 | 07:51

Four Democrats are seeking the party's nomination to run for governor. She faces a Republican incumbent, Phil Scott, who is running for his second term with history on his side - Vermonters have not thrown out an incumbent governor since 1962.

by | August 15, 2018 | 05:22

Oil rebounded early from the previous session's slide, supported by gains in equity markets, but pared gains at mid-day as the USA dollar index touched its highest since late June 2017. Iran's state news agency IRNA reported that an "informed source" inside the country's oil ministry did not provide extensive details and sought to downplay the move as common industry practice.