Stories about Finance

Aug 21 2018

Contact lenses end up in the ocean endangering sealife

The findings, which were presented at the 256th National Meeting & Exposition of the American Chemical Society, illustrate a growing environmental hazard rooted from so...

Aug 20 2018

PepsiCo buys SodaStream for $3.2 billion

Founded in the United Kingdom in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavo...

Aug 20 2018

Amid Tesla furore, Musk talks of 'most difficult' year

Musk says in a blog posted Monday that most of the funding would be in stock rather than debt. Venky Ganesan, investing partner at Menlo Ventures, said in an interview ...

Aug 19 2018

NVIDIA: Our crypto business is dead and it’s never coming back

According to forecasts by the analysts, the U.S based company's revenue from sales in the gaming industry will likely hit $1.75 billion. Shares of Nvidia were down ...

Aug 19 2018

Trump ignites Wall Street debate with his tweet on earnings

Regulators have said that quarterly reporting acts as an essential check and balance on the market , but many companies complain that it is overly bureaucratic and giv...

Aug 19 2018

Trump can't reach NAFTA deal without Canada: Quebec chief negotiator

Guajardo told reporters that although he is focused on the Mexico-U.S. talks, he remains hopeful there will be negotiations involving all three NAFTA partners. A major ch...

Aug 18 2018

Genoa bridge collapse: thousands attend state funeral for victims

But Genoa prosecutors say they are focusing their investigation into possible criminal blame on design flaws or inadequate maintenance on the heavily traveled bridge, whi...

Aug 18 2018

SEC subpoenas Tesla about CEO's buyout plans

The tweet sent the shares 10 per cent higher before they were temporarily suspended. Musk had also tweeted on Monday that Goldman Sachs Group Inc. and Silver Lake would...

Aug 18 2018

Fresh sanctions threat from U.S. knocks recovery of Turkish lira

Upholding a lower court's decision earlier this week , the higher court also ruled against lifting a travel ban imposed on Mr Brunson. The lira, which earlier this wee...

Aug 18 2018

Stocks Wobble on Turkey, US-China Concerns

When asked about the investment by reporters, Lu Yi said that China has always attached importance to the economic, trade and financial ties it has with Turkey . Turke...

Aug 18 2018

Google staff protest against plan for censored Chinese search engine

Google left China eight years ago due to censorship and hacking. China has the world's largest internet audience but has frustrated USA tech giants with content restri...

Aug 18 2018

Wall Street dragged down by fall out from Turkey's currency crisis

The gains by the lira came even as Turkish President Recep Tayyip Erdogan said Turkey would boycott USA electronic goods like the iPhone in retaliation for punitive san...

Aug 17 2018

Turkish court rejects release appeal of American Pastor

He also accused foreign players of creating " currency plots ". "Even if tensions between the USA and Turkey are resolved, investors still need to see serious fiscal ...

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...