Money

President Trump Is Interested in a Major Shakeup for Corporate Earnings Reports

President Trump Is Interested in a Major Shakeup for Corporate Earnings Reports President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. It "also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessari... [Full Article...]

Fire in Italian bridge rubble hampers recovery efforts

Fire in Italian bridge rubble hampers recovery efforts Denise Vittone, sister of victim Andrea Cerulli who died with his wife and children, told La Stampa: "I no longer have trust in this state". Families of other victims have opted for private funerals. Shares in its parent company Atlantia plummeted in the aftermath of the disaster. It said the bridge was monitored on a quarterly basis, as required by law, and extra checks were carried out by exte... [Full Article...]

Turkey's lira weakens more than 6% on threat of more US sanctions

Turkey's lira weakens more than 6% on threat of more US sanctions US stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the United States this month and Turkey's lira continued its recovery. But according to Middle East Eye , Turkish diplomats said they could release Brunson anyway, subject to further concessions from the USA which could soothe diplomatic tensions and helping alleviate the diplom... [Full Article...]

Google staff rally against censored Chinese search engine

Google staff rally against censored Chinese search engine It is also the latest example of how Google's outspoken workforce has agitated for changes to strategy. Search terms about human rights, democracy , religion and peaceful protests will be among the words blacklisted in the search engine app, which The Intercept said had already been demonstrated to the Chinese government. [Full Article...]

Elon Musk: This Has Been The Most Painful Year Of My Career

Elon Musk: This Has Been The Most Painful Year Of My Career Musk stood by his tweet last week saying he might take Tesla private . It's not merely that claims to be working insane hours: 120 hours per week recently. It's clear from the interview that Musk is overworked, and Whiston said the best course may be to bring in another executive to help with day-to-day operations. [Full Article...]

Government Leaders Call Italian Bridge Collapse Manslaughter

Government Leaders Call Italian Bridge Collapse Manslaughter More than 200 meters (650 feet) of the 1960s bridge crumpled without warning as traffic crossed the busy stretch of motorway on Tuesday, in the deadliest disaster of its kind in Europe since 2001. "If they can not manage our motorways, the state will do it", he wrote. A truck perches on the edge of the bridge that collapsed. Mr Conte confirmed the government's intention to revoke the contrac... [Full Article...]

Turkey calls on USA to get back to dialogue - top diplomat

Turkey calls on USA to get back to dialogue - top diplomat Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey's currency crisis. "We are at a turning point in the World". President Bashar Assad, who is backed by Moscow, has said his forces will recapture the region where Turkey has set up a dozen military observation posts. [Full Article...]

Qatar Rescues Turkey With $15 Billion

Qatar Rescues Turkey With $15 Billion The latest USA comments came after Finance Minister Berat Albayrak , Erdogan's son-in-law, assured investors on Thursday that Turkey would emerge stronger from the currency crisis, insisting its banks were healthy and signaling it could ride out the dispute. [Full Article...]

Bitcoin on the back foot as cryptos tumble

Bitcoin on the back foot as cryptos tumble However, today is a significant day as Bitcoin's market dominance finally surged past 50% in nearly nine months. A 50% Bitcoin dominance means that out of all the investments made across the cryptocurrency markets , 50% of the money has flown into Bitcoin investments. [Full Article...]

China lodges complaint with WTO over legalities of USA policies

China lodges complaint with WTO over legalities of USA policies On April 2, China hit back by adopting tariff hikes on 128 US items, including pork, sparkling wine, nuts, and fresh and dried fruit products. "I think China chose to bring it up in order to keep up the rhythm of the trade dispute", she said. [Full Article...]

Turkey has more to ‘lose’ in Apple boycott

Turkey has more to ‘lose’ in Apple boycott The massive pledge came during a visit by Qatar's emir Sheikh Tamim bin Hamad Al Thani to Ankara on Wednesday, where he met his Turkish counterpart Recep Tayyip Erdogan . products would amount to $533m. Finance minister Berat Albayrak told more than 3,000 global investors and economists on a video conference that Turkey would emerge stronger from the crisis. [Full Article...]

USA threatens more Turkey sanctions if pastor not freed

USA threatens more Turkey sanctions if pastor not freed The escalating feud between the longtime North Atlantic Treaty Organisation allies is playing out against a backdrop of economic tumult in Turkey, which has seen steep drops in the country's currency, the lira . The Turkish Lira, has rallied after hitting a record low of 7.24 Vs USD , would continue to recover, he said. "Qatar has pledged $15 billion of direct investments in Turkey", preside... [Full Article...]

Turkey Doubles Tariffs on some US Imports, Turkish Lira Rallies

Many economic crises in emerging market countries like Turkey follow periods of domestic support for governments that focus on electoral gains and avoid unpopular economic reforms, and pressure on the Turkish lira is likely to persist if Turkish authorities shun decisive action, said Nafez Zouk, an analyst at Oxford Economics. [Full Article...]

China to send delegation for USA talks to avert trade war

China to send delegation for USA talks to avert trade war Beijing and Washington have slapped tariffs on tens of billions of dollars worth of each other's goods since they held their last high-level meeting in June, raising fears that the trade war could shake the global economy. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. Our Country was built on Tariffs, and Tariffs are now leading us to great ne... [Full Article...]

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

President Erdogan says Turkey to boycott U.S. electronic goods That's a particular problem for emerging market economies whose governments and/or private sectors borrowed heavily, and ultra-cheaply, in United States dollars in the post-crisis era when the Fed was hosing the globe with cheap dollar-denominated liquidity. [Full Article...]

Italy bridge collapse: Matteo Salvini blames EU for Genoa disaster

Italy bridge collapse: Matteo Salvini blames EU for Genoa disaster As cars and trucks tumbled off the bridge, Afifi Idriss, 39, a Moroccan truck driver, just managed to stop in time. "Miracles are still possible", Salvini said . Local authorities initially cited heavy storms as partly to blame for the disaster but on Tuesday evening Italy's Prime Minister Giuseppe Conte announced that authorities were working on the theory of "structural failure". [Full Article...]

Qatar pledges to invest $15 billion into Turkey

Qatar pledges to invest $15 billion into Turkey The row with Washington has helped to drive the lira to record lows, with the currency losing more than 40 per cent of its value against the dollar this year, prompting central bank liquidity moves to support it. "Rates have gone up by 10 percent". While policy makers have hiked lending rates by 500 basis points this year to 17.75 per cent, they're under constant pressure from Erdogan to keep ra... [Full Article...]

Constellation Brands invests $5B to increase stake in marijuana producer Canopy Growth

Constellation Brands invests $5B to increase stake in marijuana producer Canopy Growth Shares of Canopy Growth shot up 26 percent to $31.01 in early trading in NY, while Constellation dropped 5.0 percent to $210.65. "This is an extremely exciting time to be part of what could potentially be one of the most significant global growth opportunities for the next decade", Sands told an investor conference call Wednesday. [Full Article...]

Turkish lira crisis gets worse with fresh 11% plunge

Turkish lira crisis gets worse with fresh 11% plunge Brunson is at the center of a diplomatic spat between North Atlantic Treaty Organisation allies Turkey and the United States, which has helped trigger a Turkish currency crisis. Department of Treasury sanctioned Turkey's Minister of Justice Abdulhamit Gul and Minister of Interior Suleyman Soylu in early August over their roles in Brunson's detention. [Full Article...]

Turkey Counterpunches By Raising Tariffs On U.S. Goods

Turkey Counterpunches By Raising Tariffs On U.S. Goods Turkey is hiking tariffs on imports of certain U.S. products in response to American sanctions on Ankara that caused the value of the lira to plunge, a decree published Wednesday said. Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation. The lira was also helped by a step from the banking watchdog BDDK, cu... [Full Article...]


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