Economy

by | August 15, 2018 | 21:42

Although the Turkish lira recovered modestly today, President Recep Tayyip Erdogan announced today a boycott of America's iPhone manufactured by Apple and other unspecified electronic products. Serving at the Diriliş (Resurrection) Protestant Church in the western province of İzmir, Brunson was arrested in October 2016 and moved to house arrest on July 25 due to health problems.

by | August 14, 2018 | 23:54

Analysts cited the slump in Turkish lira as one of the key reasons for the rupee falling further, Money Control reported. The Reserve Bank of India was seen intervening to stem a sharp fall in the rupee, two dealers said. "Rupee is depreciating due to external factors.nothing at this stage to worry", Garg said adding external factors may ease going forward. Garg also said that while the Reserve Bank of India had sufficient foreign exchange reserves, its intervention in the currency ...

by | August 14, 2018 | 22:46

But world stock traders were dismayed the bank did not raise interest rates, which is what many economists believe is necessary to ease the crisis. This includes an emergency interest rate hike by the central bank, imposing capital controls, fiscal reforms, securing a rescue package by the International Monetary Fund or other lenders and ending the current diplomatic fight with Donald Trump .

by | August 13, 2018 | 20:44

One expert, Jill Fisch, a business law professor at the University of Pennsylvania Law School, said Chamberlain's and Issac's lawsuits will only be successful if they can prove Musk and Tesla did not actually seek or "secure" funding for the transaction.

by | August 13, 2018 | 19:09

Last week, Musk stunned investors when he Tweeted about wanting to take Tesla private at US$420 per share before issuing a formal statement on the company's website. The post lays to rest a mystery that has bedeviled Wall Street and the news media since Musk tweeted last Tuesday that he had "funding secured" for a buyout.

by | August 11, 2018 | 20:39

Mr Erdogan also wrote in the New York Times that unless the U.S. changed course, Turkey would look for new friends and allies. The Treasury Department announced fresh sanctions on two Turkish government officials in response to Turkey's refusal to let Brunson go.

by | August 10, 2018 | 16:29

Nauert said the sanctions would begin on August 22. "If they dream up some (measures), we will answer - it's not our choice". "The financial system is rather robust.That's obvious to everyone", said Kremlin spokesman Peskov. There will also be some further restrictions on Russian access to U.S. financial services. In the event of non-compliance, a second round of "draconian" sanctions would be given a green light, the official said, adding that these could go as far as a ban on ...

by | August 10, 2018 | 14:48

After plummeting more than 3 percent on Wednesday, oil prices steadied early on Thursday, but still traded close to their seven-week low as the U.S. Oil prices fell on Wednesday, following Chinese import data that highlighted an ongoing slowdown in demand from previously avid buyers, although evidence of falling US crude inventories and the introduction of Iranian sanctions helped stem losses.

by | August 08, 2018 | 23:42

Musk tweeted on Tuesday that he had secured funding for the plan , but he has not provided details or evidence, and several securities attorneys told Reuters that Musk could face investor lawsuits if it was proven he did not have secure financing at the time of his tweet.

by | August 08, 2018 | 21:03

Friday's retaliation from China suggests that tactic hasn't worked. Chinese state media on Monday lambasted US President Donald Trump's trade policies in an unusually personal attack, seeking to reassure investors who are anxious about China's economy with growth concerns shaking its financial markets.

by | August 08, 2018 | 20:55

And the conflict is likely to escalate: The administration is preparing tariffs of up to 25 percent on an additional $200 billion in Chinese products. "Certain people go against the tide for their own private ends and go against morality; the barrier of tariffs wantonly rise, and the stick of hegemony is raised all around", the commentary said.

by | August 07, 2018 | 21:54

A dead fetus was found on a plane from Charlotte Tuesday morning. American Airlines Flight 1942 , which left Charlotte, North Carolina, at 8:56 p.m. The flight landed at Terminal B Monday night. "We have no major impact to our operation this morning while we are working with law enforcement on an investigation".

by | August 06, 2018 | 11:36

The West Texas Intermediate (WTI) for September delivery lost 0.47 USA dollar to settle at 68.49 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery erased 0.24 dollar to close at 73.21 dollars a barrel on the London ICE Futures Exchange.

by | August 04, 2018 | 22:57

The U.S. trade war with China just got kicked up another notch. In Beijing Chinese foreign ministry spokesman Geng Shuang said Wednesday that "blackmail and pressure from the USA side will never work on China". "I think it would be a very complicated thing to get out of, because I don't see an easy remedy once we go down this path", said Michael Camuñez, president and CEO of Monarch Global Strategies and former USA assistant secretary of commerce for market access during the Obama ...

by | August 03, 2018 | 00:28

During the holiday , shoppers can buy qualifying products without paying Virginia's state sales tax of 4.3 percent. But good news for parents of young children: The tax exemption applies to diapers! An important distinction is that sports and recreational equipment is not considered clothing , and is not tax exempt during this weekend.

by | August 02, 2018 | 22:32

A spokeswoman for the Delaware General Health District said the agency is in the "infancy" stages of its investigation. As of Tuesday afternoon, it said it had received 368 inquiries related to a "possible foodborne illness outbreak " stemming from the Chipotle location in Powell.

by | August 02, 2018 | 20:40

However, because the company readjusted its share count due to buybacks at the close of Q3, Apple's stock price actually needed to hit about $207.05 per share before it can claim the title as the first trillion dollar company. The stock was last up 2.4 per cent at US$206.41, a hair below US$1 trillion. That would put Apple's stock market value at $973 billion, based on its newly disclosed number of shares.

by | July 28, 2018 | 19:54

The big picture: After missing predicted targets in their most recent quarterly reports, both Facebook and Netflix saw shares tumble. Facebook's fortunes shifted in under two hours as the company first reported revenue and user growth that missed expectations and then issued warnings about future growth and expenses.

by | July 28, 2018 | 14:05

Juncker came to Washington for a last-ditch bid to avoid US tariffs on cars. While the White House offered few specifics about the agreement, the joint appearance did represent a break from the cutting rhetoric Trump and some European leaders used this year and, for now, appeared to soften concerns about an all-out trade war between the major economies and allies.

by | July 26, 2018 | 19:27

Hours later, he and Juncker came out to the White House Rose Garden for an impromtu press conference - aides were still setting things up when reporters were summoned for a almost hourlong wait - to announce what amounted to a trade relations peace pact between the United States and Europe.