• Trump renews criticism of Turkey over USA pastor

    Trump renews criticism of Turkey over USA pastor

    Financiera

    Turkey is calling for the U.S.to extradite a Pennsylvania-based Muslim cleric accused engineering a 2016 coup attempt. Turkish President Recep Tayyip Erdogan has accused the U.S. Turkey, for its part, denounced the "economic war" and said it would find " new friends and allies". Standard & Poor's is scheduled to release a review of Turkey's sovereign credit rating after market close on Friday .
  • Turkish lira weakens as U.S. warns of new sanctions over detained pastor

    Turkish lira weakens as U.S. warns of new sanctions over detained pastor

    Financiera

    The US has threatened to impose more economic sanctions on Turkey if it does not free a detained American pastor. Analysts also said the political cost of the investment remained to be seen, given that Qatar is also a U.S. "It nearly seems as if Trump's words were an invitation for there to be even more of an entrenchment of this dispute", said Al Jazeera's Sonia Gallego, reporting from Turkey's largest city of Istanbul.
  • Turks film themselves smashing iPhones amid US-Turkey trade war

    Turks film themselves smashing iPhones amid US-Turkey trade war

    Financiera

    Turkey had already retaliated against Trump's first round of tariffs on steel and aluminum imports that were imposed on the European Union in late May, ending a two-month exemption. sanctions aimed at pressuring North Korea to end its nuclear programs. "We will not give in, if you come at us with your dollars then we will find other ways to do business".
  • U.S. says more sanctions await if Turkey does not free pastor

    U.S. says more sanctions await if Turkey does not free pastor

    Financiera

    Underscoring the ties between the countries, Sheikh Tamim was the first foreign leader to phone President Erdogan during the failed coup in Turkey in 2016. They can also demand debtors sell assets to repay loans. Also helping the currency were moves by Turkey this week to gain favor with European countries, including releasing two Greek soldiers and an Amnesty International human rights campaigner from prison.
  • Death toll hits 39 in Italy bridge collapse; blame begins

    Death toll hits 39 in Italy bridge collapse; blame begins

    Financiera

    The break sent huge slabs of concrete plummeting into two warehouses, some railroad tracks and a riverbed below the bridge. Unknown numbers of other people are still missing, according to the Italian authorities. Indeed, a partial collapse of the Gennevilliers bridge in Hauts-de-Seine in May 2018 caused the A15 road to be closed for several weeks - although no-one was injured or killed.
  • After raising tariffs on Ankara, US raps Turkish retaliation

    After raising tariffs on Ankara, US raps Turkish retaliation

    Financiera

    Stoking the concerns is the rising US dollar and a Federal Reserve that has pledged to continue raising short-term interest rates. On Wednesday Erdogan met for more than three hours with Qatar's Emir, who approved a package of economic projects, investments and deposits worth $15 billion.
  • Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

    Financiera

    The United States was the fourth-largest source of imports to Turkey past year, accounting for $12 billion of imports, according to International Monetary Fund statistics. President Trump has since intervened and called for the pastor's immediate release. Jameel Ahmad, global head of currency strategy and market research at FXTM, said the escalation of both diplomatic and trade tensions between the U.S.
  • Turkish President calls for iPhone boycott

    Turkish President calls for iPhone boycott

    Financiera

    The lira has lost more than 40% this year and crashed to an all-time low of 7.24 to the dollar on Monday, hit by worries over Erdogan's calls for lower borrowing costs and by worsening ties with the United States, a major North Atlantic Treaty Organisation ally.
  • Italians point fingers, seek answers after bridge collapse kills 39

    Italians point fingers, seek answers after bridge collapse kills 39

    Financiera

    The sudden collapse of the Morandi bridge in the port city of Genoa has led to widespread anger in the Italian media and blame game among the policymakers. Here is what we know so far about the disaster. File Image of Italian prime minister Giuseppe Conte. "Italy sorely needs higher and better public investments but they haven't been a priority for politicians in recent years", Piga said, noting that the previous administration had even appeared to divert some funds away from ...
  • Qatar pledges investment in Turkey amid crisis

    Qatar pledges investment in Turkey amid crisis

    Financiera

    Jurgen Odenius, economic counsellor at PGIM Fixed Income, said: "The root cause of the crisis lies in a leverage-financed domestic demand boom that increased the external financing requirement of Turkey's corporations, banks, and government ..." Investors are looking for substantive economic policy changes by Erdogan - namely the acceptance of higher interest rates - whereas the president has so far reacted mainly by blaming foreign powers, particularly the United States, which he says ...
  • Defiant as Trump rages, Omarosa says she won't be silenced

    Financiera

    President Donald Trump had a tough TV morning. She also declined to discuss details of her interview with special counsel Robert Mueller's office, which she confirmed earlier yesterday. 'Good work by General Kelly for quickly firing that dog!' John Kelly is the White House chief of staff. Manigault Newman, who has painted a damning picture of Trump and alleged there is a videotape of him using a racial slur, told The Associated Press she is not going away.
  • Erdogan says Turkey to boycott iPhone, other USA electronics

    Erdogan says Turkey to boycott iPhone, other USA electronics

    Financiera

    The currency's climb followed retaliatory tariffs by Ankara against United States goods including rice, coal and cars. Apple has 22 percent of the smartphone market in Turkey, where 11.4 million units were sold past year, according to Ramazan Yavuz, research manager at IDC consultancy company.
  • Who is to blame for Turkey's financial crisis?

    Who is to blame for Turkey's financial crisis?

    Financiera

    Turkey has raised tariffs on some USA products under the principle of reciprocity "in response to the US administration's deliberate attacks on our economy", Vice President Fuat Oktay wrote on Twitter on Wednesday. "In our own country we have Vestel", said Erdogan. "If the USA has the iPhone, there's Samsung on the other side", Erdogan said, referring to the top South Korean smartphone maker.
  • Erdogan calls on Turkey to 'boycott' iPhones and other U.S. electronic goods

    Erdogan calls on Turkey to 'boycott' iPhones and other U.S. electronic goods

    Financiera

    The American pastor at the centre of the spiralling diplomatic row between the U.S. and Turkey has launched a new bid for freedom 22 months after he was detained on terror-related charges. What about the Turkish economy? "The global backdrop has changed and is now less supportive for Turkey, rendering political bluster ever more economically damaging, especially in the context of a heightened Iran-related sanctions from the U.S".
  • Erdogan vows action against 'economic terrorists' over lira plunge

    Erdogan vows action against 'economic terrorists' over lira plunge

    Financiera

    Turkey's President Recep Tayyip Erdogan is not backing down. It fell as much as 12 per cent at one stage on Monday , then recovered to a loss of 8.5 per cent. In Asian trading, the euro also skidded to a one year low of $1.13, the single currency's lowest level against the USA currency since July 2017. The Bloomberg Commodity Index declined 0.8 percent.
  • Erdogan says crash of lira 'political plot' against Turkey

    Erdogan says crash of lira 'political plot' against Turkey

    Financiera

    Apple, iPhone, and iPad are trademarks of Apple Inc., registered in the US and other countries. In the United States, early gains by technology giants such as Apple Inc, Amazon.com Inc and Google-parent Alphabet overshadowed declines in financial companies that are the most likely to be affected by the steep decline in the lira.
  • Turkish Central Bank Takes Steps To Curb Currency Crisis

    Turkish Central Bank Takes Steps To Curb Currency Crisis

    Financiera

    It's been a rough few days in the world's emerging markets, led by a currency crisis in Turkey . Investors globally headed for safe harbors including the us dollar as the selloff in Turkey spread to emerging markets overseas, including South Africa's rand.
  • Tesla shareholder tells IGTV he’s 'not thrilled' about the take-private plan

    Tesla shareholder tells IGTV he’s 'not thrilled' about the take-private plan

    Financiera

    The company's largest shareholders have declined to comment. As far as Musk's stated share price to take the company private, analysts stated that there's upside risk in the near term to around $400 but downside risk to $340, "if no firmer details emerge, as investors would likely increasingly debate Musk's credibility and over-focus on the shares' price and volatility".
  • Crypto Market Bleeds as SEC Delays VanEck Bitcoin ETF Decision

    Crypto Market Bleeds as SEC Delays VanEck Bitcoin ETF Decision

    Financiera

    Securities and Exchange Commission dented enthusiasts' hopes for a VanEck exchange-traded fund backed by Bitcoin . They often provide access to every major asset class and are seen as great investment options since they are easy to use, transparent, flexible, and reasonably low cost.
  • Trump doubles steel and aluminum tariffs on Turkey

    Trump doubles steel and aluminum tariffs on Turkey

    Financiera

    In addition to the steep drop in the Turkish Lira , which effectively reduces the impact of the tariffs , the USA has so far been unsuccessful in persuading Turkish President Recep Tayyip Erdoğan to release US pastor Andrew Brunson . These looming payments are one of the main reasons for the government's fragility, because a weaker lira makes that debt more expensive to pay off.
  • Lapid praises Trump as U.S. president announces fresh tariffs on Turkey

    Lapid praises Trump as U.S. president announces fresh tariffs on Turkey

    Financiera

    Trump said he had authorized higher tariffs on imports from Turkey, imposing a 20 percent duty on aluminum and 50 percent one on steel. "As he stated, the president has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey", White House Deputy Press Secretary Lindsay Walters said.
  • Trump doubles tariffs on Turkey, stoking jitters

    Trump doubles tariffs on Turkey, stoking jitters

    Financiera

    But those talks on Thursday showed no signs of breakthrough. That is because a trade war would make it even harder for Turkey to get the dollars it needs, so the lira would be even less valuable. That drained investor confidence in the central bank, leading to a further sell-off of the currency. The tech-heavy Nasdaq composite was down 83 points, or 1.1%, poised to end an eight-day winning streak .
  • Oil drops on slowing Chinese demand, US-China trade spat

    Oil drops on slowing Chinese demand, US-China trade spat

    Financiera

    It shipped out nearly 3 million barrels per day of crude in September, equivalent to about 3% of global demand. Crude oil prices extended gains Tuesday as the Trump administration's sanctions against Tehran kicked in, setting the stage for a drop-off in production from the world's fifth-largest producer.
  • Tesla boss Musk considering taking firm private

    Tesla boss Musk considering taking firm private

    Financiera

    Bullish on the performance and increased production of " Model 3 " cars, Tesla CEO Elon Musk is now planning to introduce a mini-car. The CEO wrote in a letter to employees Tuesday, revealing that he is genuinely considering moving Tesla off the public stock markets.
  • China warns of new tariffs on USA goods

    China warns of new tariffs on USA goods

    Financiera

    The White House initially announced tariffs - 25 percent on steel and 10 percent on aluminum - arguing they would protect US companies and allow for the creation of new manufacturing plants - key Trump promises in the 2016 presidential campaign.
  • Apple becomes world's first trillion-dollar company

    Apple becomes world's first trillion-dollar company

    Financiera

    The tech company's stock jumped 2.9 percent to end the day at $207.39, giving it a market capitalization of $1.002 trillion. The iPhone and MacBook maker has seen its stock rise over 50,000% since it was first listed as a public company in 1980.
  • Apple is officially worth more than $1,000,000,000,000

    Financiera

    Indeed, although Apple does provide some limited ad-targeting capabilities based on App Store and News app usage, its heavy pro-privacy stance has led marketers to complain that it doesn't collect enough data on its customers for their liking, leaving advertisers feeling like "second-class citizens".
  • Apple hits the $1T milestone

    Apple hits the $1T milestone

    Financiera

    Euro zone government bond yields dipped, and borrowing costs in Germany and France pulled back from seven-week highs. "It's important to keep in mind as we move into the September quarter". Even with its $1,000,000,000,000 stock market value, many analysts do not view Apple's shares as expensive. "Services are going to be the name of the game", Davuluri said.
  • RBI hikes lending rate, loans likely to become dearer

    RBI hikes lending rate, loans likely to become dearer

    Financiera

    Interest rates were cut to 0.5% in March 2009 when the markets were in the grip of the banking crisis and remained at that level until August 2016 when they were cut to 0.25% in the aftermath of the European Union referendum. Many home owners are also locked into fixed-rate mortgages, and so will not feel an immediate impact from a base rate rise. It said its forecasts were based on bets by investors who expect another rate hike only in late 2019 or early 2020, with Bank Rate creeping up to ...
  • Bank of England raises interest rates to 0.75%

    Bank of England raises interest rates to 0.75%

    Financiera

    Along with the decision on repo rate , the RBI also takes the decision on reverse repo rate, inflation, and GDP outlook. Many had expected a hike in May, but weaker than expected data stopped the committee from doing so. As an internal benchmark or reference rate for banks, the Marginal Cost of Funds-based Lending Rate (MCLR) is the minimum interest rate of a bank below which it can not lend to the loan seekers.
  • MoviePass is Raising Their Price As They Try to Become Profitable

    MoviePass is Raising Their Price As They Try to Become Profitable

    Financiera

    And that's when a huge seismic shift happened. Over the weekend, MoviePass would not allow its users to buy tickets for Mission: Impossible - Fallout , the biggest movie now in theaters. MoviePass is on life support. First Run Movies opening on 1,000+ Screens to be limited in their availability during the first two weeks, unless made available on a promotional basis.
  • European Union insists farming ‘not part’ of United States trade deal, contradicts Trump

    European Union insists farming ‘not part’ of United States trade deal, contradicts Trump

    Financiera

    Trump has threatened to place penalty taxes on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies. He again singled out China for what he said was an attack on the U.S. farm belt. You know what happened? On Thursday Secretary of Commerce Wilbur Ross told reporters aboard Air Force One there is no timeline for when a deal with the European Union would be reached.
  • Amazon beats on profit, disappoints on revenue

    Amazon beats on profit, disappoints on revenue

    Financiera

    The company accounts for almost half of all online retail sales in the United States. Excluding the $760 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 37% compared with second quarter 2017.
  • U.S. trade deal was on brink of collapse, Juncker says

    U.S. trade deal was on brink of collapse, Juncker says

    Financiera

    The late-afternoon news that the meeting had eased transatlantic trade tensions fed a powerful late rally on Wall Street. So the fact that Trump's tariffs are generally unpopular, even in Midwestern states, doesn't matter politically almost as much as their potential appeal to the narrow slice of blue-collar swing voters that he needs if he's going to be re-elected.
  • EU Zero-Tariff Deal Lacks Details: Could it Be Easily Undone?

    EU Zero-Tariff Deal Lacks Details: Could it Be Easily Undone?

    Financiera

    Talks would seek to "resolve" USA tariffs on steel and aluminium and Europe's retaliatory duties, a step back from Trump's import protections for us metal producers. His state has also been affected by retaliatory tariffs from the European Union on bourbon, and Barr said he didn't feel satisfied by the amount of specificity in Thursday's briefing on whether that would also be resolved soon.
  • Over $109bn wiped off Facebook's market cap after growth shock

    Over $109bn wiped off Facebook's market cap after growth shock

    Financiera

    However, average revenue per user in the region rose despite the lack of growth. Nearly all of Facebook's revenue - $13 billion of the total $13.2 billion - came from online advertising, a sector dominated by the California social network along with Silicon Valley rival Google .
  • USA vehicle tariffs still aren't off the table, warns German industry group

    USA vehicle tariffs still aren't off the table, warns German industry group

    Financiera

    This turmoil over tariffs is just the latest to hit struggling American farmers. "That's what we really aren't seeing", she said. 'American farmers want markets, not handouts, ' he said in a statement. Trump's tweet comes after his administration already imposed $ 34 billion on Chinese imports and targeted an additional $16 billion goods. Great for global economy'.