Money

Asian stock markets recover from the escalating financial crisis in Turkey

Asian stock markets recover from the escalating financial crisis in Turkey His assurance came after Turkey's president blamed the lira's plunge on a plot against the country. "What is the reason for all this storm in a tea cup?" he said."There is no economic reason for this". An American evangelical pastor , whose detention in Turkey has already caused an unprecedented deterioration in Ankara-Washington relations, has renewed his appeal to a Turkish court to rel... [Full Article...]

Largest fire in California's history continues to spread north

Largest fire in California's history continues to spread north The fire is burning near the Mendocino National Forest, about 140 miles northwest of Sacramento. Officials with Cal Fire confirmed Monday evening that a firefighter has died from injuries sustained while fighting the Ranch Fire in Lake County. [Full Article...]

Tesla Go-Private Effort Advances With Board Panel to Study Offer

Tesla Go-Private Effort Advances With Board Panel to Study Offer Then on Tuesday, the Tesla board said it wasn't clear yet that going private made sense . 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. [Full Article...]

Pakistan backs Turkey in row with Trump over pastors arrest

Pakistan backs Turkey in row with Trump over pastors arrest Financial markets have taken fright at inflation , rising at an annual rate of more than 15 %, and have been selling the Turkish lira , which is down by 45% against the United States dollar since the start of the year. But there are fears that Mr Erdogan, who is famously averse to interest rate rises, may be pressuring the central bank not to act. The recent history of globalisation in deve... [Full Article...]

Friendly tone belied desperate acts of Seattle plane thief

Friendly tone belied desperate acts of Seattle plane thief Flying a Q400, a complex turboprop plane , would require more training on top of the requirements for a private pilot's license, said Richard McSpadden, executive director of the Aircraft Owners and Pilots Association's Air Safety Institute. [Full Article...]

USA dollar rises to 13-month high against Singdollar on Turkish crisis

USA dollar rises to 13-month high against Singdollar on Turkish crisis Major European markets were down around 0.5%, with shares in banks including Spain's BBVA and Italy's Unicredit sliding more than 4%. The Turkish lira has always been falling on worries about President Erdogan's influence over monetary policy and worsening relations with the United States. [Full Article...]

No talks but no war either says Iran's Khamenei

No talks but no war either says Iran's Khamenei He said the U.S. was disloyal, implying that the country makes false promises during negotiations. Trump has suggested he would be willing to hold talks with Iranian leaders, but that would be impossible without permission from Khamenei, who has the final say on all major policies. [Full Article...]

Asia shares, euro pressured by Turkish crisis

Asia shares, euro pressured by Turkish crisis The Turkish Lira suffered its worst one-day loss in a decade after President Donald Trump announced the United States would hike metals tariffs, losing about 20% of its value against the U.S. In the interview with Hurriyet newspaper, Albayrak described the lira's weakness as "an attack" - echoing Erdogan, who is his father-in-law. It confirmed that Kuwait's Finance Minister Nayef Al-Hajraf met... [Full Article...]

Saudi Arabia eyes enlarged stake in Musk’s private Tesla

In one of the lawsuits, the plaintiff Kalman Isaacs said Musk's tweets were false and misleading, and together with Tesla's failure to correct them amounted to a "nuclear attack" created to "completely decimate" short-sellers. He is yet to back up his claim that he has financing for the transaction. Musk's tweet kicked off a flurry of speculation about the future of Tesla and an investi... [Full Article...]

Pound continues its slide on no-deal Brexit fears

Pound continues its slide on no-deal Brexit fears Pound sterling is now selling off against the U.S. dollar and the Japanese yen, while strengthening against the Australian dollar and the euro. The pound traded up 0.1 percent to 89.865 pence per euro, above its recent 2018 lows of 90.30 pence. [Full Article...]

Authorities probe how airline employee could steal plane

Authorities probe how airline employee could steal plane Everyday Alaskan's fly to and from Seattle-Tacoma International Airport but on Friday night flights were delayed after a plane was stolen. "Normal operations at Sea-Tac Airport have resumed". The F-15s were scrambled from Portland and were not involved in the crash . Witnesses report F-15s chasing plane then saw smoke, and loud boom. "You couldn't even tell it was a plane except for some ... [Full Article...]

Erdogan vows to defy U.S. 'threats' after currency crash

Erdoğan stressed that the Turkish economy has not come to the edge of an economic crisis, pointing to the increase in manufacturing, exports and tourism revenues. It had already fallen more than 40% in the past year. Relations between the two North Atlantic Treaty Organisation allies have taken a turn for the worse amid dispute over the detention in Turkey of USA evangelical pastor Andrew Bru... [Full Article...]

Mexico NAFTA talks drag on as autos sticking points emerge

Mexico NAFTA talks drag on as autos sticking points emerge These officials said U.S negotiators had essentially agreed that a new NAFTA trade deal would exempt existing Mexican auto plants from any "Section 232" tariffs that Trump may impose. Administration officials and congressional aides have said the vehicle tariff probe, like the metals tariffs, in part is aimed at winning concessions during ongoing NAFTA renegotiation talks . [Full Article...]

McDonald's mobile customers get chance to win food for life

McDonald's mobile customers get chance to win food for life McDonald's is randomly selecting one USA customer who orders from McDonald's app to be the owner of a coveted McGold Card. Starting this Friday, the burger giant will be giving one lucky victor that opportunity, launching a sweepstakes for an extremely rare McGold Card which bestows upon the holder the equivalent of free McDonald's for the rest of their life. [Full Article...]

Stats Canada labour survey show slight rise in Windsor jobless rate

Stats Canada labour survey show slight rise in Windsor jobless rate However, the details of the report revealed weaker data underneath the bigger-picture improvements. That's because the gains last month were all part-time, up 82,000 in July. The increase was far greater than the 17,000-job gain predicted by economists in a Reuters poll. This matches Shenfeld's call in late July, when data showed the economy grew 0.5% in May. [Full Article...]

50,000 passengers expected to be affected by airline strike

50,000 passengers expected to be affected by airline strike Dutch pilots' union VNV also called for a strike on Friday, after Ryanair said it was going to court on Thursday to try to prevent the Dutch pilots from striking over the summer. In July, around 300 flights were cancelled in similar strikes in Portugal, Spain and Belgium . A Ryanair spokesperson said it has cancelled 250 of more than 2,400 flights scheduled to operate tomorrow in Germany... [Full Article...]

Global Stocks Drop Amid Concerns About Turkey

Global Stocks Drop Amid Concerns About Turkey Rite Aid fell 10.9 percent after the drug store chain and USA grocer Albertsons Cos agreed to terminate their merger agreement. The Dow slid 149.44 points, or 0.6 per cent. Crude oil prices tumbled more than 3.5 percent on slowing Chinese demand and trade issues, leading to a 1.29 percent drop in the energy sector, which was also the biggest drag on the S&P. [Full Article...]

Seattle plane crash: Family of man who crashed stolen plane issue statement

Seattle plane crash: Family of man who crashed stolen plane issue statement Ed Troyer, a spokesman for the Pierce County Sheriff's Department, said on Twitter that the man was suicidal and there was no connection to terrorism. It crashed on the south of Ketron Island, near a military facility. "I watched probably 18 planes land and line up across from us because they were getting everyone on the ground and out of the air patterns", said Leddy. [Full Article...]

Offering something for everybody, IKEA gets huge response on day one

Offering something for everybody, IKEA gets huge response on day one Our surveys into some 1,000 Indian homes, he said, revealed that many people live out of small spaces and would like increased functionality and multifunctionality with clever storage spaces. It has invested Rs 1,000 crore on the Hyderabad store alone, which would have a range of around 7,500 products. IKEA has also chose to look into e-commerce business in India by next year as the company sa... [Full Article...]

Recycling Industry Responds to China Tariffs on Paper, Plastics

Recycling Industry Responds to China Tariffs on Paper, Plastics Washington has so far lined up an additional $200 billion in Chinese imports and last week Trump said he could raise tariffs on those products to 25 percent instead of the previously touted 10 percent. USTR is conducting a public comment period for those tariffs, which could reach 25 percent, due to end September 5. That announcement came from office of the U.S. [Full Article...]


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