Markets

Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

President Donald Trump had previously announced that the United States was doubling steel and aluminium tariffs on Turkey, as the two North Atlantic Treaty Organisation allies row over the detention by Turkish authorities of American pastor Andrew Brunson. [Full Article...]

Nigeria’s inflation dips to 11.14% in July - NBS

Nigeria’s inflation dips to 11.14% in July - NBS The increase in fuel costs, which have pushed the cost of unleaded petrol above £1.30 a litre in many parts of the country, prompted warnings that inflation would remain well above the Bank of England's 2% target for the rest of the year. [Full Article...]

Monsanto Roundup lawsuit: Jury awards $289 million to cancer patient

Monsanto Roundup lawsuit: Jury awards $289 million to cancer patient Johnson used two Monsanto products, Roundup and Ranger Pro, in his job as a pest control manager for a San Francisco Bay Area school district. Bayer completed its takeover of Monsanto on 7 June for $63bn (£49bn), and said at the time that it planned to no longer use the Monsanto name. [Full Article...]

After her win in Vermont, Christine Hallquist could be first transgender governor

After her win in Vermont, Christine Hallquist could be first transgender governor The anti-Trump organization "Woman's March" said that it was a victory for women as well. Evers emerged from a field of eight candidates in Tuesday's primary. In 2015, "Christine made the decision, after years of holding it inside, to come out as her true self, a transgender woman, becoming the first business leader in the country to transition while in office", according to her campaign's ... [Full Article...]

Erdogan: Turkey Will Target U.S. Electronics in Boycott Response

Erdogan: Turkey Will Target U.S. Electronics in Boycott Response However, several concerns remain - notably, whether the central bank is truly independent as President Recep Tayyip Erdogan tightens his grip on the country's institutions. On Tuesday, he said the government is working on steps to help banks and support companies affected by the currency crisis. The Trump regime imposed financial sanctions over the weekend against two Turkish government of... [Full Article...]

Turkey to boycott U.S. products including iPhone, says Erdogan

Turkey to boycott U.S. products including iPhone, says Erdogan In an interview on Sunday, Aug. 12, Albayrak said, "From Monday morning onwards our institutions will take the necessary steps and will share the announcements with the market", according to Reuters . It was up about 5 percent on Tuesday, at about 6.52 per dollar, having fallen 42 percent so far this year, with most of those losses coming in recent weeks. [Full Article...]

Omarosa’s White House recordings fuel Trump woes

Omarosa’s White House recordings fuel Trump woes Washington Post Reporter Sean Sullivan joined CBSN to discuss the fallout. Ms. Manigault Newman later expressed willingness to cooperate with special counsel Robert Mueller, who is investigating Russian interference in the 2016 election and possible collusion between Trump's campaign and Moscow - and indicated that she had already been contacted by his office. [Full Article...]

Erdogan says Turkey to 'boycott' U.S. electronic goods

Erdogan says Turkey to 'boycott' U.S. electronic goods The sanctions caused market turmoil, which the central bank attempted - but failed - to soothe with a series of market-boosting measures. 'They don't hesitate to use the economy as a weapon, ' he said. If the lira's bleeding is staunched - either as a result of concrete steps introduced by the Turkish government or because investors come to believe that Turkish assets have become cheap enough to... [Full Article...]

United Kingdom unemployment falls to 43-year low but pay growth slows

The number of people in work also increased over the three months from April to June, with 32.39 million people in work. That was the lowest since the three months to February 1975, beating the figure expected by economists. He added: "The growth in employment is still being driven by United Kingdom nationals, with a noticeable drop over the past year in the number of workers from the so-called ... [Full Article...]

Erdogan says Turkey to 'boycott' iPhones and other US electronic goods

Erdogan says Turkey to 'boycott' iPhones and other US electronic goods On Tuesday the lira recovered some ground, trading at 6.5300 to the dollar at 1334 GMT, up around five percent on the day. The demonisation of interest rates by Mr Erdogan is a "particularly unsafe development", as it sets the mark high for the exchange rate level at which the central bank will have no choice but to hike rates aggressively. [Full Article...]

Oil Prices Rise As US Sanctions On Iran Tightens Market

Oil Prices Rise As US Sanctions On Iran Tightens Market US light crude CLc1 gained 55 cents to $67.75. Oil production from the Organisation of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia. Oil prices slid Monday after inventories at a key U.S. crude delivery hub jumped last week, adding to demand concerns. In addition, OPEC reduced its projection for global oil demand growth for ... [Full Article...]

Tesla forms committee to assess proposal to go private

Tesla forms committee to assess proposal to go private 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. Saudi Arabia's Public Investment Fund (PIF) is known for its technology investments, including the $45bn it has spent in SoftBank Group Corp's Vision Fund. [Full Article...]

Turkish lira edges up from record low on central bank pledge

Turkish lira edges up from record low on central bank pledge Turkey vowed Sunday to take measures later to calm market fears sparked by the precipitous plunge in the lira's value as its president accused Washington of spearheading an "underhand plot" against his country. Investors in lira are also concerned about Turkey's internal monetary policy. Last week, US President Donald Trump ramped up his attack on Turkey by raising USA tariffs on Turkish ... [Full Article...]

Turkey's Currency Dips Again

One lira traded as low as $7.24 by Monday afternoon, half of its value from a year ago. Global markets skidded on Friday as investors anxious that financial distress in Turkey could affect the worldwide banking system and the broader economy. [Full Article...]

CalFire: Firefighter in Mendocino Complex Fire dies, River Fire 100% contained

CalFire: Firefighter in Mendocino Complex Fire dies, River Fire 100% contained 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. [Full Article...]

Rupee hits lifetime low of 70 per dollar

Rupee hits lifetime low of 70 per dollar It was seen defending rupee at all levels, said a senior treasury official of a public sector bank, while predicting that the rupee may fall to 70 levels against the dollar soon. The rupee crashed to a fresh lifetime low of 70.09 against the dollar as investors were nervous that the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account ... [Full Article...]

Stocks drop on Monday as Turkey lira crisis continues

The weakness of the Turkish currency has rippled through global markets, with its drop of as much as 18 percent on Friday hitting US and European stocks as investors fretted about banks' exposure to Turkey . Energy Information Administration (EIA) said. Investors are anxious about a confluence of factors including Turkey's reliance on foreign loans, which become more hard to repay when the ... [Full Article...]

Erdogan blames 'economic terrorists on social media' for Turkey's lira woes

The lira plunged to a fresh record low of 7.24 against the dollar during in Asia Pacific trade, where markets were opening for Monday morning. The Nasdaq composite fell 19.40 points, or 0.2 per cent, to 7819.71. sanctions against Moscow - imposed in the wake of the Salisbury poisonings - will do to the country's economy. The crash on Turkey's "Black Friday" of August 10 - when the lira... [Full Article...]

Erdogan accuses U.S. of seeking to stab Turkey 'in the back'

Erdogan accuses U.S. of seeking to stab Turkey 'in the back' The currency pulled back from a record low to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown continued to rattle global markets. The Turkish currency reached a new record low of 7.24 against the United States dollar in Asia Pacific trade when markets opened on Monday morning. [Full Article...]

Blithe tone belied desperate actions of Seattle plane thief

Blithe tone belied desperate actions of Seattle plane thief Russell, 29, who worked for Horizon Air as a ground service agent, took off in an empty Q400 turboprop plane from Seattle-Tacoma International Airport without authorization at around 7:30 p.m. "I played video games before, so, you know, I know what I'm doing a little bit", Russell told the controller, the New York Times reported . He appeared to struggle at times, however, telling air tr... [Full Article...]


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