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Turkey will boycott USA electronic goods over sanctions, says Erdogan

Analysts said investors were now looking for safe havens in the form of the yen as well as the U.S. dollar . Vestel stock jumped over five percent on the news. The Turkish lira started slipping again after rebounding more than 8% overnight. Cavu...

Tesla looking to go private with backing of Saudi fund

Musk's decision to air his plan on Twitter". Musk said in a statement posted on the Tesla website on Monday that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) interest because of the important n...

U.S. pastor Brunson appeals for release in Turkey for 2nd time

The lira is down over 40 percent this year as investors question whether President Recep Tayyip Erdogan's government can cope with problems including a diplomatic spat with Washington that has resulted in higher US tariffs. "What do you want to d...

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

According to news agency PTI , the ongoing currency turmoil in Turkey has dampened investors' sentiments globally. The rupee had settled at 68.84 against the USA dollar last Friday. The Indian rupee, which has been facing headwinds caused by a ris...

Firefighter killed battling largest blaze in California history

California firefighters are making headway against more than a dozen blazes that continue to scorch massive swaths of the state, in large part because of cooling temperatures over the weekend and on Monday. "Now we can focus on the challenge of the R...

Turkey to boycott US-made electronic products: Erdogan

The dispute between the two North Atlantic Treaty Organisation allies - which reached new intensity over the detention of an American pastor in Turkey - has hammered the lira and also raised questions over the future partnership between Washing...

Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

Asian sharemarkets were a sea of red on Monday as the concerns that Turkey's currency rout will spread to other emerging markets sent investors fleeing from stockmarkets in the Asian region, which are broadly regarded as fitting into the emerging...

Elon Musk accused of making false statements to boost Tesla share price

Beyond amassing a stake of just below 5 percent in Tesla, the sovereign wealth fund has poured tens of billions of dollars into technology investments, including $45 billion in SoftBank Group Corp's ( 9984.T ) Vision Fund over five years. California-...

Saudi fund expressed support for taking Tesla private: Musk

Tesla and PIF did not comment on either story. Reuters reported on August 11 that the PIF has shown no interest so far in financing Musk's proposed deal, while CNBC said on August 9 that Musk previously talked with the Saudi fund about a take-...

Turkey woes see Wall Street end week on sour note

NEW YORK-U.S. stocks slid on Friday as economic dilemma in Turkey dragged on bank stocks and triggered fears that it could spread to other global economies. The Russell 2000 is up 155.38 points, or 10.1 per cent. Turkey's lira touched a record ...

Elon Musk and Tesla: Tweet, rattle and roll

Finally, as the most shorted stock in the history of the stock market , being public means that there are large numbers of people who have the incentive to attack the company. Tesla is still working its way out of what Mr Musk called "production h...

Even American Condoms Are Screwed In The Trump-China Trade War

Tuesday's announcement was not a surprise. The yuan has weakened nearly 5% so far this year and hit a 14-month low last week, primarily driven by new tariff threats from the U. While the trade standoff is intensifying, China's exports grew 12.2% year...

Crypto's $806 billion crash hits a new low

According to reports, $9 billion was wiped out of the market . The broad based market sell-off has been particularly telling, with the total cryptomarket cap sliding from $300bn levels to sub-$220bn levels before support kicked in, Bitcoin's ma...

Team: Jury Orders Monsanto To Pay $290M In Roundup Trial

Hopefully this thing will start to get the attention it needs. Dewayne Johnson had regularly used the weedkillers Roundup and Ranger Pro while working as a groundskeeper at a school in California. That was enough for the World Health Organization...

Ryanair braces for biggest ever one-day strike

The unprecedented simultaneous strike action is the latest headache in a turbulent summer for Europe's second-largest airline. The company says 85% of its scheduled flights will operate as normal on Saturday and the majority of customers affected h...

Turkey lira crashes as Trump piles on pressure

Trump said in an early morning post on Twitter . Import taxes for aluminum will be 20 percent. President Donald Trump announced Friday that he is doubling tariffs on steel and aluminum from Turkey amid heightened tensions between the two n...

Russia Says US Sanctions are Intended to 'Demonize' the Country

The Kremlin on Thursday vowed to retaliate against "unacceptable" new United States sanctions against Russia over its alleged role in a nerve agent attack on a former spy in Britain, which prompted the ruble and Russian stocks to tumble.

NY moves to cap Uber, app-ride vehicles

It makes NY the first major USA city to limit the number of app-based rides and to impose pay rules, with authorities under pressure to act over pollution and worsening congestion. The TLC, which regulates taxis and is a powerful force in NY politics...

China Tariffs on US Crude Not Game-Changing Event

China's exports soared in July, showing little impact from USA tariffs, as Washington finalises more duties on Chinese imports. While short-term effects might be mild, the impact of USA tariffs on China's trade may be gradually revealed as time p...

Snapchat drops daily users for first time after controversial redesign

Snap reported 188 million daily active users during the last quarter - falling short of Wall Street's expected 192 million and dropping from last quarter's 191 million. That's despite a drop in active users-a first for the company . Evan Spie...

Crude Oil Price Slumps on Small Decrease in Stockpiles

Energy Information Administration . Furthermore, oil prices were dragged down by the increasing output of the Organization of the Petroleum Exporting Countries ( OPEC ) and Russian Federation. "The U.S. -China trade war is set to worsen, and it...

Wall Street sees funding hurdle to Musk's plan to take Tesla private

Tesla is a legendary cash-burner, with roughly $10 billion in debts and $2 billion in reserves, and Musk would probably need in the tens of billions of dollars to buy out shareholders at the right price. Midway through the trading session in NY on We...

Premier Doug Ford announces buck-a-beer launching in Ontario this month

It's a campaign promise that Doug Ford says he's delivering on. "Instead we're going to do what we said we would do and put Ontario consumers first". The Ford Government is bringing in a buck-a-beer just ahead of the Labor Day weekend. The Greens s...

Trump, China trade war, tariffs

Pressure from the Trump administration is mounting on China after the United States and European Union agreed in late July not to impose new tariffs, and instead negotiate the removal of trade barriers in order to realise an open market.

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little...

Elon Musk tweets he has funding to take Tesla private

The Financial Times, citing unnamed people with direct knowledge of the matter said Saudi Arabia's Public Investment Fund had built a stake of between 3 and 5 percent of Telsa's shares. Shares climbed about 2% on Tuesday, and then soared after Musk ...

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under sheets of toilet paper. NY reported the plane, flight number 1942, depa...

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . "We also don't have special relationships, partnerships, or contracts with banks or credit card comp...

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has delivered strong and consistent financial performance, managing with an ...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeated and who is looked at as one of the best fighters in the world, beati...

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Breaking News

Premier Doug Ford announces buck-a-beer launching in Ontario this month

It's a campaign promise that Doug Ford says he's delivering on. "Instead we're going to do what we said we would do and put Ontario consumers first". The Ford Government is bring...

Trump, China trade war, tariffs

Pressure from the Trump administration is mounting on China after the United States and European Union agreed in late July not to impose new tariffs, and instead negotiate ...

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distrac...

Elon Musk tweets he has funding to take Tesla private

In a second tweet on Tuesday, Mr Musk said taking the company private would not lead to a single dominant shareholder. " Funding secured ", the tweet added, offering no furth...

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under s...

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . The company is aiming to boos...

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has d...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeat...

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

China proposed a 25 percent tariff on imports of copper ore and concentrate from the USA , which shipped about 70,000 tons to the country a year ago . The commerce ministry issu...

Oil edges lower as supply concerns return

Traders said prices rallied early when industry information provider Genscape reported that crude inventories at the Cushing, Oklahoma, delivery hub for USA crude, dropped 1.1 m...

Special Reports

Spanish pilots union sues Ryanair over contracts

Spanish pilots union sues Ryanair over contracts

A month earlier in a memo seen by Reuters Ryanair said time-off duties for the pilots committee remained an issue but there was little between the two sides and it was hopeful of...

USA employers add 157,000 jobs, jobless rate slips to 3.9 percent

USA employers add 157,000 jobs, jobless rate slips to 3.9 percent

Manufacturing gained 37,000 jobs, driven by durable-goods and transportation companies. But, as with small businesses, manufacturers are having trouble filling job openings, she ...

RBI monetary policy: Repo rate hiked by 25 bps

RBI monetary policy: Repo rate hiked by 25 bps

Mumbai: Home, auto and personal loans are set to get costlier as the Reserve Bank of India on Wednesday raised the repo rate , the rate at which it provides funds to banks, by ...

Record Iranian oil imports for India in July

Record Iranian oil imports for India in July

Purchases from Iran could slow from August as imports from Tehran are getting tougher after the United States in May pulled out of a 2015 nuclear deal and announced the renewal...

Oil Prices Drop as U.S. Inventory Grows

Oil Prices Drop as U.S. Inventory Grows

U.S. efforts to cut Iran's oil exports are expected to contribute to global oil price volatility in the short term, according to the International Energy Agency. EDT (2030 GMT) ...

That’s trillion with a T-Apple hits market value of $1 trillion

That’s trillion with a T-Apple hits market value of $1 trillion

He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook , which can be crudely summed up as the result of the social networ...

USA considers higher tariffs on $200 billion in Chinese imports

USA considers higher tariffs on $200 billion in Chinese imports

The dynamic has proved hard to change, given USA consumers' reliance on Chinese goods. Two trump administration officials told reporters on a conference call that Trump remains...

China Plans Tariffs on $60 Billion of U.S. Goods

China Plans Tariffs on $60 Billion of U.S. Goods

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on United States goods were rational and restrained. Beijing's earlier penalty ...

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo met with Turkish Foreign Minister Mevlut Cavusoglu in Singapore during a security conference in Southeast Asia. The administration is also seeking the release of several d...