Stories about Finance

Aug 17 2018

Qatar Rescues Turkey With $15 Billion

Turkey's battered lira weakened 5 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Dona...

Aug 17 2018

Turkey will respond if USA imposes more sanctions - trade minister

Reuters reported earlier this month that banks had also started to sell some project finance loans to foreign lenders, to free up cash as they face higher funding cost...

Aug 17 2018

Donald Trump: 'Our country was built on Tariffs'

BEIJING-China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with U.S. Beijing said the ...

Aug 17 2018

Turkey lira CRISIS: Erdogan government holds MONSTER conference call with 6,000 investors

Doha has pledged to offer loans worth 15 billion USA dollars to help Ankara ride out its lira crisis. The massive pledge came during a visit by Qatar's emir Sheikh ...

Aug 16 2018

Turkey crisis risks souring military ties with US

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. Brunson f...

Aug 16 2018

Bitcoin falls through $6,000 mark as cryptocurrencies suffer

Ethereum has been the major loser as the cryptocurrency has lost over $60, almost 20%, with its market cap standing at just $26 billion. At the moment, the entire cr...

Aug 16 2018

Turkey court rejects new appeal to free detained USA pastor

The massive pledge came during a visit by Qatar's emir Sheikh Tamim bin Hamad Al Thani to Ankara on Wednesday, where he met his Turkish counterpart Recep Tayyip Erdogan...

Aug 16 2018

China’s Vice Commerce Minister to visit United States for trade talks

Vice Commerce Minister Wang Shouwen, the deputy representative on global trade negotiations, will meet with a senior U.S. treasury official, David Malpass, at the invitat...

Aug 16 2018

Unemployment hits lowest level in 40 years

The ONS said the UK-wide unemployment rate of 4% had not been lower since February 1975, while the number of people aged 16 to 24 looking for work was the lowest since ...

Aug 16 2018

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

As a result of the new shares Constellation is acquiring, Canopy Growth will immediately upon closing have proceeds of approximately $5 billion CAD [$4 billion USD] to ...

Aug 16 2018

Turkish FM: Washington Cannot Achieve Any Results by Threatening us

At the weekend, Turkish President Recep Tayyip Erdogan said that Ankara was preparing to switch to using national currencies with its trading partners, such as China, R...

Aug 16 2018

Turkey 'ready to talk about everything' with United States to solve disputes

The tit-for-tat tariffs were announced amid Turkey's rejection of a United States demand to release Brunson, the American pastor, who is sentenced to imprisonment in th...

Aug 16 2018

Turkish lira dip spells trouble for Asian markets

He suggested Turks would buy local or Korean phones instead of US-made iPhones , though it was unclear how he meant to enforce the boycott. "We will implement a boycot...

Aug 16 2018

Wisma Putra: No Malaysians affected in Italy bridge collapse incident

A family of three who were driving to Sardinia for a holiday were reportedly among those killed in a bridge collapse in Genoa, Italy . The city of Genoa's civil protecti...

Aug 16 2018

Turkey slaps more tariffs on U.S. goods, escalating trade tensions

Bolton told Bilic that the administration was fixed on Brunson's release, Reuters reported . In a press briefing, White House spokesperson Sarah Sanders said, "The...

Aug 16 2018

Retail inflation cools to 4.17% in July; pulses, vegetable prices eases

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 remai...

Aug 15 2018

Qatar to invest $15b in Turkey's financial markets and banks

The tensions and the tariff hike by the U.S. have caused the Turkish lira to bleed value, fanning fears the country is on the verge of an economic crisis that could spi...

Aug 15 2018

Donald Trump Thought Son-in-Law Jared Kushner Might Be Gay, Claims Omarosa

Trump had already branded " Omarosa " - as she is commonly known in America - a "lowlife" after she released a recording of her firing by chief of staff John Kelly, seemi...

Aug 15 2018

Erdogan says Turkey to boycott iPhone, other U.S. electronics

Tariffs have also been increased on goods such as cosmetics, rice and coal. "The import duties were increased on some products, under the principle of reciprocity, in ...

Aug 15 2018

Turkey doubles tariffs on some USA imports; Turkish lira rallies

Investors are anxious that about Erdogan's control over the central bank and his pressure to keep it from raising interest rates. Ankara retaliated on Wednesday by doub...