Markets

Lira extends slide as Turkey heads toward a financial crisis

Lira extends slide as Turkey heads toward a financial crisis

The announcement came in his address to a symposium organized by the Foundation for Political, Economic and Social Research (SETA) on the 17th foundation anniversary of the ruling Justice and Development (AK) Party. "If they have the iPhone, there is Samsung elsewhere". Albayrak's comments came as his father-in-law, President Recep Tayyip Erdogan , said he was in no mood to offer concessions to the United States in one of the worst spats between the two North Atlantic Treaty Organisation ... Read More

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European Union and USA partners not enemies, Juncker tells Trump

European Union and USA partners not enemies, Juncker tells Trump

The EU had threatened to impose retaliatory tariffs on $20 billion of USA goods if the talks failed. Officials said Congressional approval is not required - only Congressional notification. Earlier, Mr Trump accused China of "vicious" tactics on trade. Wisconsin Republican Sen. Ron Johnson said the unexpected move to manipulate trade through targeted subsidies 'is becoming more and more like a Soviet-type of economy'. Read More

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Trump critical of Fed interest-rate rises

Trump critical of Fed interest-rate rises

An interview with the US President was broadcast this morning where he said the US was ready to go with more tariffs on about half a billion dollars worth of Chinese exports. Trump said he is "not thrilled" about the Fed's recent interest rate hikes . The president has been silent about Fed policy until now, in keeping with a tradition that stretches back through at least three administrations of both parties of refraining from commenting on central bank decisions in respect for its ... Read More

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Trump Fed critique sends dollar lower

He added: "As usual, not a level playing field". In the full interview released today, Trump reiterated his claim that the United States is "being taken advantage of" on issues including trade policy. "Were I Chairman Powell, I would ignore the President and do my job and I am confident he will do just that". A number of factors, including inflation and higher interest rates, could soon counteract the fiscal stimulus, however, and economists say the risk of recession in the coming years ... Read More

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Tesla Plans 500,000 Cars-A-Year Factory In China

Tesla Plans 500,000 Cars-A-Year Factory In China

Tesla announced previous year it was working with the Shanghai municipal government to explore the possibility of establishing a factory in the region. The country has a stated goal of 100-percent electric vehicles by 2030, as part of its plan to tackle air pollution, so a Tesla plant in the country makes sense. Read More

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Oil slips towards $77 as Saudi boost, trade tensions weigh

Oil slips towards $77 as Saudi boost, trade tensions weigh

Irritated by what he feels is a lack of cooperation from the Saudis who head OPEC , added: "If anything, they are driving prices higher as the United States defends many of their members for very little $'s". Oil prices have risen to multi-year highs of around $78 per barrel in recent days. U.S. crude stockpiles rose 1.3 million barrels last week, according to U.S. Read More

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Mexico's Obrador has to stand up to Trump

Mexico's Obrador has to stand up to Trump

The North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States is also a key factor in future worldwide relations. The President of the United States took to Twitter to congratulate Lopez Obrador with the election victory, saying that he was looking "very much forward to working with him". Read More

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Walt Disney raises bid for Fox assets to $71.3-B, adds cash

Walt Disney raises bid for Fox assets to $71.3-B, adds cash

The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. Those will be spun off into a new company. The US government is now suing to block a merger between Time Warner, and the telecoms giant AT&T. The tie-up "is an extremely compelling proposition for consumers that will allow us to create even more appealing high quality content, expand our direct to consumer offerings, an global presence and deliver more exciting and ... Read More

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Amazon to block Australians from global websites due to tax

Amazon to block Australians from global websites due to tax

Online retail giant Amazon will block Australian consumers from its global sites to counter new laws forcing it to collect GST on transactions. After that date, Aussie customers who attempt to visit the United States version of Amazon or any of Amazon's overseas sites will find themselves redirected to Amazon's Australian site, which offers a much smaller selection of items. Read More

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U.S. Metal Tariffs Hit Canada and Mexico, Pressuring Nafta Talks

U.S. Metal Tariffs Hit Canada and Mexico, Pressuring Nafta Talks

Mexico said it would penalize USA imports including pork bellies, apples, grapes, cheeses and flat steel. The countermeasures will hit US hot and cold rolled steel, plated steel and tubes, the ministry said. Trump imposed the steel and aluminum penalties under a 1962 law that gives the president broad power to increase or reduce tariffs on goods deemed critical to national security. Read More

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Uber changes how sexual misconduct is reported

Uber changes how sexual misconduct is reported

Shortly after Uber announced the end of its forced arbitration policy for individual claims of sexual assault or harassment by Uber drivers, riders or employees, Lyft has done the same, Recode first reported . If this approach survives court challenges, it could limit the potential payout for lawyers and damages that Uber could face. "Leaving it up to individual companies is not likely to change the industry". Read More

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Bank of England maintains policy rate

Economists had previously expected two rises in 2018 after the Bank's February forecasts, when Governor Mark Carney said rates would need to rise further and faster to rein in inflation. But "there was value in seeing how the data unfolded over the coming months", they added. The Guardian quoted Tom Stevenson, investment director for Personal Investing at Fidelity International, as pointing out that the BoE had pulled another U-turn, having hinted in February that rates would rise today. Read More

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Essentra plc (LON:ESNT) Weekly Ratings as of April 24, 2018

The stock of CityFibre Infrastructure Holdings Plc (LON:CITY) has "Corporate" rating given on Tuesday, February 20 by FinnCap. The rating was maintained by Numis Securities on Friday, June 10 with "Buy". Hastings Group Holdings Plc has GBX 360 highest and GBX 260 lowest target. The new insider trade has $2,993 Dollars total value, at an average stock price per share of $2.0. Read More

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FAA orders inspection of jet engines like those in Southwest accident

FAA orders inspection of jet engines like those in Southwest accident

U.S. NTSB investigators are on scene examining damage to the engine of the Southwest Airlines plane in this image released from Philadelphia, Pennsylvania, U.S., April 17, 2018. Videos posted on social media showed passengers grabbing for oxygen masks and screaming as the plane, piloted by Tammie Jo Shults, a former U.S. Navy fighter pilot, prepared for the descent into Philadelphia. Read More

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India calls for probe into use of chemicals weapons in Syria

India calls for probe into use of chemicals weapons in Syria

On Monday, the AP visited a two-room underground shelter where Khaled Mahmoud Nuseir said 47 people were killed, including his pregnant wife and two daughters, 18-month-old Qamar and 2 1/2-year-old Nour. Al Jazeera's Khodr said that even if the OPCW finds that the chemical weapons attack happened, there would be no new punitive strikes. On April 16, the head of the global chemical-weapons watchdog said that inspectors had not yet been granted access to the site. Read More

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Resource stocks rally as oil surges, bonds suffer

Resource stocks rally as oil surges, bonds suffer

Brent crude futures LCOc1 settled at $73.48 a barrel, up $1.90, or 2.7 percent. USA crude gained 26 cents to $68.73. Oil prices rose to their highest level since late 2014 after government data indicated US crude stockpiles fell last week and as the market continued to worry about supply disruptions in key oil producing nations. Read More

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