Sunday November 18-th, 2018

Turkish lira rebounds after Qatar pledges $15 billion Turkish lira rebounds after Qatar pledges $15 billion

Qatar will make $15 billion of direct investment in Turkey, Qatar's leader said on a visit to Ankara on Wednesday, said Turkey's presidential spokesman. "We have stood together and will continue to do so", he said, making clear the high-level meet...

China Files WTO Complaint over U.S. Solar Tariffs China Files WTO Complaint over U.S. Solar Tariffs

A spokesperson from China's Ministry of Commerce said on Tuesday that the tariffs are suspected of violating WTO rules and therefore undermining the WTO's authority. That led to complaints it was undermining the global trade body. "I think China chos...

Killed in Bridge Collapse in Genoa Killed in Bridge Collapse in Genoa

There have been previous reports and comments questioning how the Morandi bridge was built and how long it could last. The highway had already undergone significant maintenance in the 1980s and 1990s. "(It's a) very bad time with the collapsing o...

Ontario Announces Online-Only Cannabis Sales To Begin In October Ontario Announces Online-Only Cannabis Sales To Begin In October

A "tightly regulated" private retail model will then be in place by April 1, 2019. Under former premier Kathleen Wynne, Ontario had meant to allow cannabis sales through the Ontario Cannabis Store, a publicly owned model similar to alcohol sales ...

China EV startup Nio files for US IPO - USA China EV startup Nio files for US IPO - USA

Nio sees itself as a pioneer in the market for premium electric vehicles in China , and for the moment, it's planning to only sell its cars in that country. Other investors include Baidu Capital, Shunwei Capital, a venture capital co-founded by Xia...

Turkey hikes tariffs on imports of several US products Turkey hikes tariffs on imports of several US products

Turkey has proven a key ally for Qatar over the past year, helping the tiny Gulf nation ride out a more than 14-month blockade by its powerful neighbors, including Saudi Arabia, with which it shares its only land border. Additionally, Russian Forei...

Global markets wrap: Turkey crisis piles pressure on Asian shares Global markets wrap: Turkey crisis piles pressure on Asian shares

The finance minister will seek to reassure worldwide investors on Thursday in a conference call for which a ministry official said some far 3,000 people had signed up. Just days after President Trump tweeted his decision to double tariffs on Tu...

Turkey won't compromise on fiscal discipline, Treasury and Finance Minister Albayrak says Turkey won't compromise on fiscal discipline, Treasury and Finance Minister Albayrak says

The growing tensions between Washington and Ankara have sent the Turkish currency tumbling to historic lows. The currency has lost almost 40 per cent against the dollar this year, impacted by Mr Erdogan's growing influence on the economy and his re...

China prints foreign currencies on massive scale as costs are cheaper China prints foreign currencies on massive scale as costs are cheaper

Congress MP Shashi Tharoor shared a post on Twitter and questioned Union Ministers, Arun Jaitley and Piyush Goyal on the matter. China Banknote Printing and Minting Corporation , a Chinese company claimed that it has won the contract and h...

UK unemployment reaches 40-year low UK unemployment reaches 40-year low

Figures published by the Office for National Statistics ( ONS ) showed the number of European Union nationals employed in the United Kingdom decreased by 86,000 in the year following June 2017 - the most dramatic fall since records began in 1997...

Turkey, Russia come closer amid common tension with US Turkey, Russia come closer amid common tension with US

The currency tumbled to a record low of around 7.20 lira against the dollar late on Sunday after President Recep Tayyip Erdogan warned of drastic measures if businesses withdraw foreign currency from banks. The move comes amid increasing tariffs and ...

Turkey will boycott U.S. electronic goods over sanctions, says Erdogan Turkey will boycott U.S. electronic goods over sanctions, says Erdogan

President Donald Trump has repeatedly called for a weaker USA dollar in a bid to help US exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the g...

Turkey court rejects new appeal to release detained USA pastor Turkey court rejects new appeal to release detained USA pastor

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a USA pastor, as Qatar pledged US$15 billion in investment to Turkey , supporting a rise in the Turkish lira ...

Bitcoin And Ether Show Lack Of Momentum As Crypto Market Drops Bitcoin And Ether Show Lack Of Momentum As Crypto Market Drops

The Bitcoin once again came to the threshold level at $6000 losing more than 6% in the past 24 hours. Apart from the long wait for an ETF approval, Bitcoin has been carried away by a sell-off in the second cryptocurrency by market capitalizat...

Anger rises over Genoa bridge collapse as death toll climbs Anger rises over Genoa bridge collapse as death toll climbs

Deputy prime minister Luigi Di Maio, who arrived in Genoa on Wednesday morning, earlier said the tragedy "could have been avoided". But Autostrade per l'Italia said it was confident it could prove it met contractual obligations for the concession...

Qatar to provide aide to Turkey

The Qatari money will be channelled into banks and financial markets, a Turkish government source told Reuters . Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit i...

China, US to hold trade talks in late August China, US to hold trade talks in late August

Beijing and Washington started a tit-for-tat trade war in July, each imposing 25 per cent tariffs on the other side's goods. Donald Trump's administration is threatening further tariffs on $200bn of Chinese goods, in a bid to pressure USA companies t...

Turks mobilized to boycott United States products amid strong dollar, deepening split Turks mobilized to boycott United States products amid strong dollar, deepening split

What this does is prevent investors, like hedge funds, from accessing lira liquidity in the offshore swap market. On Wednesday, a court rejected an appeal for Brunson's release from detention and for a travel ban against him to be lifted, the state...

Corona Beer’s Owner Invests $4 Billion More in Cannabis Company Corona Beer’s Owner Invests $4 Billion More in Cannabis Company

Constellation also will get warrants to acquire additional shares, and majority control, in the future. It is a 51-per-cent premium to Tuesday's closing price on the Toronto Stock Exchange . Constellation's shares had gained 11.7 percent over the ...

Defiant as Trump rages, Omarosa says she won't be silenced

However, Melania Trump and Donald have aways appeared to display a united front. Seven current and former White House aides offered differing stories about the White House agreement, indicative of the inconsistent standard with which it was app...

Turkey issues retaliatory tariffs on U.S. imports Turkey issues retaliatory tariffs on U.S. imports

Meanwhile, Turkey has also decided reject a USA appeal calling for the release of an imprisoned American pastor. Earlier in August, his administration had levied sanctions against Turkey's justice and interior ministers, accusing them of playing "l...

Regulatory limbo hits Tencent with first profit fall in almost 13 years Regulatory limbo hits Tencent with first profit fall in almost 13 years

A Tencent spokeswoman did not immediately respond to a request for comment. China is the world's largest gaming market, with an estimated US$37.9 billion (£30 billion) in revenue, according to research by Newzoo. The slumps followed the halt in ...

Turkey to boycott USA electronic goods Turkey to boycott USA electronic goods

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%. Kalın also stressed that the efforts and collaborative negotiations to preserve...

Turkey increases tariffs on some U.S. imports Turkey increases tariffs on some U.S. imports

For one more time, Erdogan called on Turks to convert US dollars into lira in order to "maintain the dignity" of the currency. "They do not refrain from using the economy as a weapon against us, as they tried in the areas of diplomacy, military, or...

Retail inflation eases to 4.17% in July as food prices decline Retail inflation eases to 4.17% in July as food prices decline

NBS said the figure is 0.09 per cent points less than the rate recorded in June, indicating 18 consecutive reductions in inflation rate since the last 18 months. Experts believe that even amid a 10 per cent monsoon deficit, kharif (mainly paddy) sowi...

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