Finance

Trump suggests Canada sidelined from latest NAFTA talks

Trump suggests Canada sidelined from latest NAFTA talks U.S. President Donald Trump is suggesting Canada has deliberately been left on NAFTA's sidelines as one-on-one talks heat up between Washington and Mexico . Government officials close to the process feel like the negotiations between the USA and Mexico have been building momentum in recent weeks, and expect the bilateral talks to continue for the next couple of weeks. [Full Article...]

'Miracle escape' stories emerge from Italy bridge collapse

'Miracle escape' stories emerge from Italy bridge collapse An imam has blessed the coffins of two Muslim faithful at the end of a Catholic Mass for those killed in the Italian bridge tragedy. A state of emergency has since been declared, as rescuers continue to look for survivors, while Saturday has been declared a national day of mourning, on which funerals of numerous victims are set to be held. [Full Article...]

Musk bid for Tesla - no formal offer, no firm deals with advisers

Musk bid for Tesla - no formal offer, no firm deals with advisers Today, the New York Times reported that the SEC has officially served Tesla with a subpoena. Subpoenas typically indicate the SEC has opened a formal investigation into a matter. On August 7, Musk tweeted that he was considering taking Tesla private at $420 per share, "funding secured". Analysts estimated the deal would require up to US$50 billion. [Full Article...]

As Musk admits to job stress, Tesla’s board may have to act

As Musk admits to job stress, Tesla’s board may have to act Musk's social media antics have raised eyebrows as he berated analysts and falsely accused a cave diver of being a pedophile after the man was skeptical about a mini-submarine that Musk sent to possibly help rescue young soccer players from a flooded cave in Thailand. [Full Article...]

UAE hits out at Qatar's pledge to invest in Turkey

UAE hits out at Qatar's pledge to invest in Turkey He has denied the charges, and his case has been taken up by US President Donald Trump , who counts evangelical Christians among his core supporters. Many countries have been the target of similar U.S. trade measures, Albayrak said, and Turkey would navigate this period with other parties such as Germany, Russia and China. [Full Article...]

Turkish lira weakens to 5.86, US warns of more sanctions

Turkish lira weakens to 5.86, US warns of more sanctions Brunson, an evangelical Christian pastor originally from North Carolina but a longtime resident of Turkey , was accused by the Turkish government of terrorist involvement and playing a role in the Turkish military's 2016 attempted coup to overthrow the government. [Full Article...]

Google employees question company plans for Chinese search engine

Google employees question company plans for Chinese search engine More than a thousand Google employees have signed a letter protesting the company's secretive plan to build a search engine that would comply with Chinese censorship. After employees petitioned this year, Google announced it would not renew a project to help the US military develop artificial intelligence technology for drones. [Full Article...]

United States threatens more action against Turkey unless pastor freed

United States threatens more action against Turkey unless pastor freed The Turkish lira weakened to 5.86 against the dollar on Friday from its previous close of 5.8150 as investors weighed up a U.S. warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson . [Full Article...]

Pastor Brunson appeal for house arrest release rejected by Turkish court

One of Turkey's high criminal courts has rejected U.S. pastor Andrew Brunson's request to be released from house arrest and permitted to travel overseas, according to Turkey's state-run Anadolou news agency. A court refused to release Mr Brunson, and the the government in Ankara increased tariffs on imports from the U.S. of cars, alcoholic drinks and leaf tobacco - and the lira recovered s... [Full Article...]

USA threatens more action against Turkey unless pastor freed

USA threatens more action against Turkey unless pastor freed Turkey had already retaliated against Trump's first round of tariffs on steel and aluminum imports that were imposed on the European Union in late May, ending a two-month exemption. "You act on one side as a strategic partner but on the other you fire bullets into the foot of your strategic partner", Erdogan said. Qatar pledged to invest $15 billion in Turkish financial markets and banks a... [Full Article...]

Lavrov: we appreciate Turkey's independent foreign policy

Lavrov: we appreciate Turkey's independent foreign policy TRT World 's Andrew Hopkins reports from Ankara . Turkey's foreign minister said on Tuesday he hoped his country and Russian Federation could find a solution over the northern Syrian region of Idlib, a rebel-held enclave which the Syrian government says it aims to recapture. [Full Article...]

US solar tariffs violate trade rules - WTO complaint

US solar tariffs violate trade rules - WTO complaint Trump announced earlier this year that he would impose global tariffs of 25% on imported steel and 10% on aluminum, citing national security concerns. On June 5, Mexico imposed taxes - with immediate effect - on US steel and aluminum, pork belly, as well as a range of other agricultural products. On June 21, India raised tariffs on USA goods including soya oil, palm olein oil and cashew nuts. [Full Article...]

Investors Worry about Crypto Market's Continued Downtrend Despite Some Major Recoveries

Investors Worry about Crypto Market's Continued Downtrend Despite Some Major Recoveries The market is certainly in an interesting position right now, as many altcoins are trading in sustained downtrends while Bitcoin has been relatively flat. For those who may not be aware, Bitcoin Dominance is basically the measure of the money that flows into Bitcoins as opposed to the money that flows into the rest of the cryptocurrency markets. [Full Article...]

Qatar promises $15 billion investment in Turkey

Qatar promises $15 billion investment in Turkey The Turkish tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said , in an apparent parallel response to Trump's move. Some 3,000 investors registered to join Albayrak's planned tele-conference, the private NTV broadcaster reported . Following the Qatar news, the lira firmed briefly to 5.8699 from 6.04 to the dollar, before easing back to 6.0500 by... [Full Article...]

Turkey slaps 140% tariff on American alcohol

Turkey slaps 140% tariff on American alcohol She said the US was "monitoring the situation". The currency drop is particularly painful for Turkey because it has accumulated a high debt in foreign currencies. "We have more that we're planning to do if they don't release him quickly", Mnuchin said. It's not clear from the speech quite what this boycott could entail - whether it's Erdogan encouraging people to buy non-American devic... [Full Article...]

US, China holding lower level trade talks later this month

US, China holding lower level trade talks later this month The last official round of talks was in early June when the USA commerce secretary, Wilbur Ross , met Liu He in Beijing . Reuters reported Thursday that representatives from the Treasury Department will meet with China's Vice Minister of Commerce Wang Shouwen and other officials in Washington, D.C. [Full Article...]

Why Canopy Growth Shares Are Soaring Today

Why Canopy Growth Shares Are Soaring Today The alcohol firm wants to capitalise on the growing legalisation of the drug. "Our business can now make the strategic investments required to accelerate our market position globally", said Bruce Linton , co-chief executive of Canopy Growth . [Full Article...]

Turkey's Economy Is Struggling, And That's Partly On The US

Turkey's Economy Is Struggling, And That's Partly On The US The investment package was announced after Qatar's Emir Tamim bin Hamad Al Thani met President Recep Tayyip Erdogan in Ankara on Wednesday. Trump in his first year in office expressed admiration for Erdogan and even congratulated the Turkish leader after a victory in a controversial referendum, but relations between the two countries have been increasingly fraught. [Full Article...]

Turkey's economy plummets amid United States sanctions

Turkey's economy plummets amid United States sanctions White House press secretary Sarah Sanders said the USA had seen "no evidence that Pastor Brunson has done anything wrong". "If they back the American position on Turkey tariff penalties, then they lose Turkey". "Russian Federation is quite a capacious market for Turkish goods", said Yaroslav Lissovolik, Program Director with Russia's Valdai Discussion Club, a Moscow-based think-tank. [Full Article...]

Inflation rate drops to 11.14% in July-NBS

Inflation rate drops to 11.14% in July-NBS The Consumer Price Index rose to 2.5 per cent in July, up from 2.4 per cent in June, the first rise recorded since November 2017, said the Office for National Statistics. According to Prasanna, with FY19 headline CPI inflation to average 4.7-4.8 per cent and core inflation averaging 5.8 per cent, chances of impending rate hikes, though, have come down, but the hike cycle is not over yet. [Full Article...]


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