Finance

Finance Turkey's Erdogan says lira weakness a plot, can not be explained by logic
Author: 0 Turkey's Erdogan says lira weakness a plot, can not be explained by logic

In fact, TRY once again drops below the 6.0 mark after Erdogan said the country faces a wave of artificial financial instability. Erdoğan attempted to downplay economic concerns by telling Turks "not to worry", telling supporters they were in an "economic war" and to convert their dollars and "gold under the pillow" into lira .

Finance Hundreds to be affected by Ryanair strikes at Stansted Airport
Author: 0 Hundreds to be affected by Ryanair strikes at Stansted Airport

The company says 85% of its scheduled flights will operate as normal on Saturday and the majority of customers affected have been given places on other Ryanair flights. Staff are holding a 24-hour walkout over pay and conditions. He said they earn up to €190,000 (£170,000), which was more than their peers at budget rival Eurowings made.

Finance Trump doubles steel & aluminum tariffs on Turkey
Author: 0 Trump doubles steel & aluminum tariffs on Turkey

US President Donald Trump's proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises.

Finance Further US Sanctions Would Be 'Declaration Of Economic War': Russia
Author: 0 Further US Sanctions Would Be 'Declaration Of Economic War': Russia

Trump made no public comments on the matter, and communications aides referred all questions to the State Department, which said the US still sought improved ties with Moscow . A State Department official said the sanctions could have a significant impact on trade with Russian Federation. In a brief statement , State Department spokesperson Heather Nauert said the USA had determined this week that Russian Federation used the nerve agent Novichok to poison Skripal and his daughter Yulia ...

Finance Trump's China Trade War Just Escalated by $16 Billion
Author: 0 Trump's China Trade War Just Escalated by $16 Billion

China has repeatedly warned it will strike back against any further punitive measures by Trump, saying the United States is threatening the global free trade order with its protectionism. But it held off on a final $16 billion as a result of concerns raised by U.S. companies. "In general, the performance of China's retail sector was rather sluggish in July", it said, noting that a 6.5 per cent rise in cosmetics sales was the one bright spot.

Finance WTI Crude Oil and Natural Gas Forecast August 10, 2018
Author: 0 WTI Crude Oil and Natural Gas Forecast August 10, 2018

However, many European countries, China and India , oppose the sanctions, but the U.S. government said it wants as many countries as possible to stop buying Iranian oil . " Oil had been largely immune from the escalating trade dispute , however the recent application of tariffs by China on United States petroleum products does represent a step change for the energy market", said Daniel Hynes, a Sydney-based analyst at Australia & New Zealand Banking Group Ltd.

Finance Tesla board confirms it will consider Musk's privatization plan
Author: 0 Tesla board confirms it will consider Musk's privatization plan

Mr. Musk on Tuesday proposed taking Tesla private at $420 a share, about 11% higher than the day's closing stock price. "Funding secured." - created what some attorneys are calling a potential battleground for lawsuits, regulator investigations and shareholder action.

Finance Dead fetus found on plane at LaGuardia Airport
Author: 0 Dead fetus found on plane at LaGuardia Airport

Sources told NBC New York that the fetus appears to have been 5 to 6 months old. The plane was an Airbus A321, which can seat 220 passengers. American Airlines confirmed an investigation is underway. It was parked by a hangar when the fetus was found, and later moved inside the building for further investigation to take place. Recent reports indicate a fetus was found inside a plane bathroom Tuesday morning.

Finance Ontario to offer incentives to brewers in buck-a-beer plan
Author: 0 Ontario to offer incentives to brewers in buck-a-beer plan

Ontario previously had buck-a-bottle beer. the then Liberal Government quietly hiked the minimum price in 2008, citing its "social responsibility" mandate. Mothers Against Drunk Driving worries lower prices may lead to increased consumption. It will offer breweries who lower their prices promotional considerations like limited-time discounts, in-store displays or advertising in LCBO flyers and newspaper inserts.

Finance China warns of tariffs on imported United States goods worth $60bn
Author: 0 China warns of tariffs on imported United States goods worth $60bn

China's foreign minister said Saturday (Aug 4) that his country's threat to impose retaliatory tariffs on US$ 60 billion of American goods in an escalating trade spat was "fully justified". China has said it will levy new tariffs on more than 5,200 United States products, if the White House moves forward with its latest tariff threat.

Finance Elon Musk tweets he may take Tesla private
Author: 0 Elon Musk tweets he may take Tesla private

Around 3:30 ET, Tesla released a statement via its blog, titled " Taking Tesla Private ". But he says any deal would be structured so that shareholders could opt to remain investors or be bought out at $420 per share. subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term".

Finance Facebook Asks Banks to Share Customer Information
Author: 0 Facebook Asks Banks to Share Customer Information

Facebook's person-to-person payments capability inside Messenger ranked below similar offerings from Square Inc., Apple Inc. and PayPal in a review from Consumer Reports on Monday. People familiar with the matter told the Journal that Facebook has considered a feature that would show its users their account balances while it also pitched fraud alerts.

Finance Conor McGregor to return against Khabib Nurmagomedov at UFC 229
Author: 0 Conor McGregor to return against Khabib Nurmagomedov at UFC 229

The incident occurred shortly after UFC president Dana White stripped McGregor of his lightweight title. However, in a presser line up that included the returning Nate Diaz and widely regarded number one contender Dustin Poirier , Conor and Khabib were conspicuously absent.

Finance China, Trade, and Technology
Author: 0 China, Trade, and Technology

China has threatened to slap import tax on about $ 60 billion of us imports, with tax rates ranging from 5 to 25 percent , the country's commerce ministry said on Friday, calling the proposed tariff "rational and restrained". U.S. spirits and wine giant Brown-Forman has said it will increase the price of Jack Daniel's and other whiskeys in some European countries, according to media reports .

Finance Oil supported as new hedges placed, but rising global…
Author: 0 Oil supported as new hedges placed, but rising global…

Brent crude futures LCOc1 were down 13 cents, or 0.2 percent at $73.32 a barrel by 0052 GMT, after rising 1.5 percent on Thursday. On Tuesday, data released by the American Petroleum Institute showed USA crude stockpiles to have risen by 5.59 million barrels in the week, compared to analyst expectations for a 2.8 million-barrel drawdown.

Finance US job growth takes breather in July
Author: 0 US job growth takes breather in July

U.S. employment has risen for 94 consecutive months, the longest jobs-expansion streak on record. Economists have warned, however, that the tit-for-tat import duties threatened or imposed by the United States and China , which have unsettled financial markets, could undercut manufacturing through disruptions to the supply chain and put a brake on the strong economic growth.

Finance Iranian Oil Imports Will Not Be Decreased, China Tells US
Author: 0 Iranian Oil Imports Will Not Be Decreased, China Tells US

Washington's withdrawal from the landmark Iran nuclear deal was criticized across the world. On Wednesday, U.S. officials told reporters the naval fleet of Iran's Islamic Revolutionary Guard Corps (IRGC) is planning to use 100 gunboats in the Persian Gulf to practice "swarm" tactics , an exercise that is usually reserved for the fall.

Finance RBI increases repo rate by 25 bps to 6.5% in August policy
Author: 0 RBI increases repo rate by 25 bps to 6.5% in August policy

President Donald Trump's tariffs on imports, and counter-moves by other countries. Though the prices remained below its estimated trajectory, the RBI has forecast retail inflation at 4.6 per cent in the second quarter of the fiscal, 4.8 per cent in the second half of the fiscal and five per cent for the first quarter of 2019-20.