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Turkey's lira is rallying after a $15 billion loan from Qatar

Turkey's lira is rallying after a $15 billion loan from Qatar

A decree signed by Erdogan doubled Turkish tariffs on passenger cars to 120 percent, on alcoholic drinks to 140 percent and on leaf tobacco to 60 percent. The feud escalated into an economic battle ...

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Retail inflation eases to 4.17% in July as food prices decline

Retail inflation eases to 4.17% in July as food prices decline

Government data released on Monday revealed that the rates of inflation for vegetables were negative (-2.19 per cent) along with pulses (-8.91 per cent) and sugar and confectionery (-5.81 per cent). A...

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Qatar pledges $15bn of direct investments in Turkey - Ankara

Turkish President Tayyip Erdogan attends a news conference in Ankara , Turkey, August 2018. In response to Trump's tariffs, Turkish officials said they will impose a 50 percent tax on USA rice, 140...

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Turkey hits back at U.S. with tariff hikes on key products

Turkey hits back at U.S. with tariff hikes on key products

Turkey-based experts, however, have noted that China's influence is still largely confined to the economy. But world stock traders were dismayed the bank did not raise interest rates, which is what ma...

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Turkish lira rallies as Ankara increases tariffs on United States imports

Turkish lira rallies as Ankara increases tariffs on United States imports

Asian stocks retreated on Wednesday, failing to follow Wall Street's gains, while the dollar was near a 13-month high as concerns about Turkey's financial crisis weighed on investor appetite despite...

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Oil prices dip as demand outlook dims; Iran sanctions provide some support

Oil prices dip as demand outlook dims; Iran sanctions provide some support

Liberty Chairman & CEO Chris Wright says the Iran sanctions going into effect on Tuesday could have an impact on oil. Opec has played down concerns over the US-China trade war hitting oil demand, ...

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Erdogan says Turkey to 'boycott' U.S. electronic goods

Erdogan says Turkey to 'boycott' U.S. electronic goods

Along with a boycott of U.S. electronics, Erdogan indicated that his government would offer further incentives for companies to invest in Turkey. "If we divert our money to foreign currency .th...

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Musk's Tweets Blindsided Tesla Board Members

Musk's Tweets Blindsided Tesla Board Members

These comments sparked suspicion that Musk could be manipulating the stock price of Tesla, unless he was stating facts, and this suspicion in turn prompted the revelation. FILE PHOTO: A Tesla sales an...

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U.S. seeks to stab Turkey in the back: Turkey's president - USA

U.S. seeks to stab Turkey in the back: Turkey's president - USA

The White House on Monday said USA national security adviser John Bolton met Turkey's ambassador to the United States to discuss the detention of Brunson. Turkish President Recep Tayyip Erdogan...

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Largest fire in California's history continues to spread north

Largest fire in California's history continues to spread north

Clark's bail was set at $1 million dollars, and he could face up to life in prison if convicted. The Holy Fire named for Holy Jim Canyon, where it began Monday, grew to almost 33 sq miles (85 sq km)...

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Rupee breaches the 70 mark: How it's bad, and how it's good

Rupee breaches the 70 mark: How it's bad, and how it's good

The weakness of the Turkish lira has strained market currencies in Asia. Investors are turning to dollar as safe haven with Turkeys currency lira crisis continuing since the last week. At press time...

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Turkey crisis: Erdogan vows to boycott United States electronics

Turkey crisis: Erdogan vows to boycott United States electronics

The US last week imposed sanctions on Turkey over its refusal to extradite a US preacher imprisoned in the country. The unit recovered somewhat after Turkey's central bank announced a raft of me...

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Seattle airplane theft prompts review of security measures

Seattle airplane theft prompts review of security measures

The plane was allegedly "flying around Puget Sound", before later reports indicated there was a "large smoke plume" at Ketron Island . President Donald Trump was briefed on the incident and is ...

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Tesla CEO Musk accused in lawsuit of defrauding shareholders

Tesla CEO Musk accused in lawsuit of defrauding shareholders

Elon Musk , founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. They hav...

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Saudi Arabia's sovereign wealth fund looking to take Tesla private

Saudi Arabia's sovereign wealth fund looking to take Tesla private

In a blog post , Mr Musk said that he only wanted to buy out shareholders who no longer wanted to own Tesla shares. "Obviously, the Saudi sovereign fund has more than enough capital needed to exe...

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Tech stocks take Nasdaq, S&P close to record

Tech stocks take Nasdaq, S&P close to record

The Nasdaq Composite Index increased 4.66 points , or 0.06 per cent, to 7,888.33. US stocks closed mixed as investors monitored the latest development of US-China trade conflicts. Shares of trade...

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Erdogan vows to defy United States 'threats' after currency crash

Erdogan vows to defy United States 'threats' after currency crash

This week was interesting also because, after several months, banking stocks showed some life, particularly SBI and ICICI Bank . The collapsing Turkish lira , which has lost about 70% of its val...

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'A few screws loose': Seattle pilot opens up to control tower

'A few screws loose': Seattle pilot opens up to control tower

In one snippet, he even seems to consider landing at the runway he is being directed to, before saying "This is probably jail time for life, huh?" "Just a broke guy, got a few screws loose I guess"....

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Public or Private, Tesla Fans Are Along for the Ride

Public or Private, Tesla Fans Are Along for the Ride

The SEC declined to comment to CNNMoney. Skepticism about the legitimacy of Musk's proposed deal surfaced nearly immediately after Musk dropped the bombshell on his Twitter account a few hours aft...

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Trump Imposes Tariffs on $16 Billion of Chinese Imports

Trump Imposes Tariffs on $16 Billion of Chinese Imports

A stalemate appears the most likely endgame , with new USA and Chinese tariffs staying in place for months or even years. The new tariffs will take effect on August 23, matching exactly a new round ...

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