by | August 17, 2018 | 02:41

The currency lost almost 40 percent against the dollar this year, driven by worries over President Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation. objections to Ankara's ambition to buy Russian defence systems, that have contributed to instability in Turkish financial markets. Earlier this month The United States imposed sanctions on two top officials in Mr Erdogan's Cabinet in a new attempt to get North Atlantic Treaty ...

by | August 17, 2018 | 00:40

Turkey's dispute with the Trump administration over the fate of Brunson has poured fuel on the crisis. It was boosted after the Turkish banking regulator cut the amount of funds banks can use for currency swap trading, limiting the possibilities for speculating against the lira .

by | August 16, 2018 | 16:58

The BoE expects the unemployment to fall to 3.9% this year, according to the governor of the financial institution, further interest increases will be needed to bring inflation back to the target of 2%. "Shortages are already hampering firms' ability to compete and create jobs, so it's vital that the United Kingdom pursues an open and controlled post-Brexit immigration policy", Matthew Percival , head of employment at the Confederation of British Industry, said.

by | August 16, 2018 | 16:39

And Constellation has certainly made out nicely on its October 2017 purchase of a 10% Canopy stake-reporting a $700 million gain on that initial $190 million investment. Herzog added "there is an expectation that marijuana will eventually be legalized in the U.S". Under the deal's terms, Constellation can exercise options over the next three years that would grant it a controlling stake in Canopy.

by | August 16, 2018 | 16:26

Relations have been tense between Russia and Western powers, including Germany, over a range of issues, from the Ukraine and Syria conflicts to charges of Russian cyber-attacks and election meddling in several North Atlantic Treaty Organisation member countries.

by | August 16, 2018 | 16:14

The Syrian army dropped leaflets over Idlib last Thursday, urging people to agree to a return of state rule, telling them the seven-year war was nearing its end. The four countries are also known to have been opposing the sanctions of the United States on Iran. Lavrov said the situation in the world remained alarming.

by | August 16, 2018 | 14:56

The call from businesses came as Erdogan demanded a boycott of Apple and other USA -made products in an effort to hurt the United States. Erdogan vowed to substitute foreign imports with domestically produced goods. The US has imposed sanctions on two Turkish ministers over the trial on terrorism charges of a US evangelical pastor in Turkey, and last week Washington raised tariffs on Turkish metal exports.

by | August 16, 2018 | 14:46

China's ministry of commerce said the US had invited a delegation, led by vice-commerce minister Wang Shouwen, to meet with a group led by US Treasury undersecretary, David Malpass. Separately, China has said it is prepared to put additional tariffs on 5,207 goods imported from the United States with a total value of $60 billion, ranging from liquefied natural gas to some aircraft.

by | August 16, 2018 | 14:01

The announcement came after the emir held lunchtime talks with Turkish President Recep Tayyip Erdogan . The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a U.S.

by | August 16, 2018 | 13:44

Bitcoin fell from around $17,000 at the start of the year and lost 6pc of its value over 24 hours. Bitcoins dominance comes as no surprise as it remains the most notable cryptocurrency in the world, even the person with the faintest idea of cryptos recognizes that bitcoin is the mother of them all.

by | August 16, 2018 | 13:13

Among the 39 dead were three children and dozens more were injured. Three Chileans, who live in Italy, and three French nationals were also killed, according to their respective diplomatic services. The collapsed Morandi Bridge is seen in the Italian port city of Genoa, Italy , Aug. 14, 2018. "Some people are saying maybe lightning could have struck a cable on the bridge, but at this moment it's too early to say anything about the cause".

by | August 16, 2018 | 13:15

Turkish officials say Qatar has pledged $15 billion of direct investments for Turkey as it struggles with a currency crisis. Washington has imposed financial sanctions on two Turkish ministers and doubled steel and aluminum tariffs on Turkey , as U.S.

by | August 16, 2018 | 08:42

The lira extended gains to 6 per cent after Qatar's Emir Sheikh Tamim Bin Hamad Bin Al Thani made the pledge after a 3-1/2-hour meeting with Erdogan in Ankara on Wednesday. A court in the western Turkish city of Izmir rejected a new appeal to free Brunson on Wednesday, the state television TRT reported. Investors are anxious that about Erdogan's control over the central bank and his pressure to keep it from raising interest rates.

by | August 16, 2018 | 01:55

Following the announcement, the lira firmed briefly to 5.8699 from 6.04 to the us dollar , but later eased back to 6.0200 at 1538 GMT. " Turkey does not favor an economic war, but it can not remain unresponsive when it is attacked", presidential spokesman Ibrahim Kalin said .

by | August 15, 2018 | 20:40

Other Chinese game developers also lost ground on Wednesday after reports of the approval freeze emerged. Monster Hunter had won regulatory approval, but was pulled amid objections over the content. China's gaming industry in particular has drawn government attention over concerns about violent content and game addiction. Shares of Tencent fell 3.6 per cent to HK$336 in Hong Kong before earnings were announced.

by | August 15, 2018 | 19:37

On Tuesday the White House said President Trump was frustrated that Turkey had not released Andrew Brunson, the evangelical pastor held on terrorism charges that Washington believes are fabricated. Earlier in August, his administration had levied sanctions against Turkey's justice and interior ministers, accusing them of playing "leading roles" in the organizations responsible for the arrest and detention of Pastor Andrew Brunson.

by | August 15, 2018 | 17:58

The Turkish lira has dropped to record lows in recent weeks, having fallen 42 per cent so far this year. On Wednesday, the lira traded at 6.4125 to the USA dollar, weakening from a close of 6.3577 a day earlier. tariffs imports of steel and aluminum from Turkey. The US Treasury Department on August 1 announced sanctions on Turkish Interior Minister Suleyman Soylu and Justice Minister Abdulhamit Gul.

by | August 15, 2018 | 17:11

With this decline, and a higher industrial production growth rate in June, the chance of another policy rate hike in October has faded. The June round of the RBI's survey of households reported a further uptick of 20bps in inflation expectations, for both three-month and one-year ahead horizons, compared with the last round.

by | August 15, 2018 | 14:40

In an uncompromising ruling, the court attributed actual "malice" to Monsanto's actions, deciding that there was evidence the company had known that its product was carcinogenic, but actively covered that fact up. "Monsanto made a choice to not put a cancer warning on the label ", Mr Wisner said. "The simple fact is he is going to die". "The jury's verdict is just the first step in this case", Bayer said in a statement on Monday.

by | August 15, 2018 | 07:52

Turkey refused to release an American pastor who has been in detention in Turkey for almost two years now. Relations between the two North Atlantic Treaty Organisation allies have plummeted in one of their worst crises in decades after the detention of USA pastor Andrew Brunson on terror-related charges, sending the Turkish lira into free fall against the dollar .