Markets

Markets Internal strife forces Sundar Pichai to rethink Google’s re-entry to China
Author: 0 Internal strife forces Sundar Pichai to rethink Google’s re-entry to China

The report states that about 1,400 employees have signed the letter (PDF) and it's being circulated on the company's communication channels. Google , which has never spoken publicly about the plans, declined to comment. technology. Google's search engine is now blocked in China due to tight controls over speech. In audio recording of a meeting with employees obtained by The New York Times , Google CEO Sundar Pichai said the company was "not close to launching a search product in ...

Markets Turkish court rejects appeal for Pastor Andrew Brunson's release
Author: 0 Turkish court rejects appeal for Pastor Andrew Brunson's release

U.S. Treasury Secretary Steven Mnuchin told Trump in cabinet on Thursday that more sanctions were ready if Brunson were not freed. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet USA representatives, China's Ministry of Commerce said in a statement, with the Wall Street Journal reporting that talks will take place in Washington on August 21 and 22.

Markets Qatar to provide aide to Turkey
Author: 0 Qatar to provide aide to Turkey

According to the Hurriyet Daily, a significant number of importers have begun to withdraw their short and long-term orders after Turkish President Recep Tayyip Erdogan's appeal to boycott USA electronic products on Tuesday. The Turkish lira continued to rebound from record losses on Thursday a day after Qatar pledged $15 billion in investments to help Turkey's economy.

Markets USA tariffs to stay on Turkey, Qatar offers Ankara aid
Author: 0 USA tariffs to stay on Turkey, Qatar offers Ankara aid

The lira recovered on Tuesday from near-record lows, helped by liquidity measures from the Turkish central bank. The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investors in the country, including Qatar , could be hit in the fallout.

Markets China’s Vice Commerce Minister to visit U.S. for trade talks
Author: 0 China’s Vice Commerce Minister to visit U.S. for trade talks

Wang Shouwen, vice-minister of commerce, will lead a delegation to the United States at the end of August to discuss bilateral trade issues with a team led by David Malpass, secretary of treasury for global affairs, the Chinese Commerce Ministry said in a statement today.

Markets Turkish airline, telecoms firm to halt US advertising
Author: 0 Turkish airline, telecoms firm to halt US advertising

The 64-year-old warned the U.S. it would turn to domestically produced goods or rival firms in South East Asia in retaliation for sanctions imposed by Washington over the detention of an American pastor . "What you want to see is tight monetary policy, a tight fiscal policy and a recognition that there might be some short-term economic pain - but without it there's just no credibility of promises to restabilise things", said Craig Botham, Emerging Markets Economist at Schroders.

Markets Tesla forms three-member panel to look at any Musk deal
Author: 0 Tesla forms three-member panel to look at any Musk deal

Musk on Monday gave his most detailed vision of how a take-private deal could work, but shares ended flat, indicating investor scepticism. Tesla declined to comment further on the matter. Buss served as chief financial officer of solar panel installer SolarCity for two years before retiring in 2016. Shares in Tesla, which are still well below highs hit when Musk initially raised the prospect of the transaction last week, inched up 0.7% in trading before the bell.

Markets Rupee hits lifetime low of 70 per dollar
Author: 0 Rupee hits lifetime low of 70 per dollar

Previously, the rupee had dropped 2.4 per cent or 148 paise in a single day in August 2013. The lira has fallen about 45 per cent against the greenback this year on worries over Turkish President Tayyip Erdogan's increasing control of the economy and a deepening diplomatic rift with the United States.

Markets Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again
Author: 0 Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

The Turkish lira has nosedived in value in the past week over concerns about Erdogan's economic policies and after the United States slapped sanctions on Turkey angered by the continued detention of an American pastor. has responded by slapping financial sanctions on two ministers and later doubled steel and aluminum tariffs on Turkey , driving the concerns over Turkey's economy which are rattling global financial markets.

Markets Turkey's Erdogan calls on Turks to buy lira for 'national battle'
Author: 0 Turkey's Erdogan calls on Turks to buy lira for 'national battle'

The lira, which has always been falling on worries about the government's influence over monetary policy and the USA tensions, plunged more than 18 percent at one point on Friday to a record low against the dollar. The White House said Trump would use a section of US law that allows for tariffs on national security grounds to impose the increased duties. Graham called Turkey's case against Brunson a "sham".

Markets Wall Street flat as trade tensions mute earnings optimism
Author: 0 Wall Street flat as trade tensions mute earnings optimism

The Dow is up 46.65 points, or 0.2 per cent. The Nasdaq inched toward a record on the back of high-flying technology trio of Apple , Amazon and Microsoft , while gains in the Dow and the S&P 500 were limited as energy shares fell. The Dow Jones Industrial Average on Wednesday was down 45.16 points, or 0.18 per cent, to 25,583.75. The Toronto Stock Exchange's S&P/TSX fell 90.47 points, or 0.55 per cent, to 16,326.51, led lower by the health care, consumer staples and utilities ...

Markets Turkey's president: US waging 'economic war' against Turkey
Author: 0 Turkey's president: US waging 'economic war' against Turkey

On Friday, before Trump's tweet , Erdogan had tried to stem the sell-off by appealing to Turkish citizens to exchange any dollars, euros or gold for lira to help the currency. And he brushed off the issue of tariffs . Javad Zarif said there was no meeting planned with U.S. officials including his counterpart Mike Pompeo at the United Nations General Assembly, the semi-official news agency Tasnim reported on Saturday.

Markets Local breweries react to the PC Government's
Author: 0 Local breweries react to the PC Government's "Buck A Beer" campaign

The last time Ontarians could be sold beer for $1 a can or a bottle was a decade ago, a minimum price the former Liberal government boosted to $1.25. Annual indexing for all packaged beer will be suspended to maintain the $1.00 minimum floor price over time. "Lower alcohol prices can lead to increased consumption, particularly among those with alcohol problems, and among young people, and that increased consumption can in turn lead to increased alcohol-related problems, including ...

Markets China Vows Retaliatory Tariffs on $60 Billion in US Goods
Author: 0 China Vows Retaliatory Tariffs on $60 Billion in US Goods

The retaliation stands to further inflame tensions between the world's two biggest economies. China is preparing to impose differentiated additional tariffs on $ 60 billion worth of imports from the United States , if the latter further escalates trade frictions, the customs tariff commission of China's state council announced on July 3.

Markets Elon Musk considering taking Tesla private
Author: 0 Elon Musk considering taking Tesla private

Tesla CEO Elon Musk's discussion of privatizing the company's shares sparked a seesaw in prices before trading was suspended. Tesla and its investors are no stranger to seeing the company's share price follow a rollercoaster trajectory.

Markets Iran receives more airplanes ahead of renewed US sanctions
Author: 0 Iran receives more airplanes ahead of renewed US sanctions

As reported by Reuters , India's monthly oil imports from Iran grew by approximately 30% to a record 768 000 bpd in July, according to preliminary tanker arrival data obtained by Reuters . Iran and other signatories, including China , have been trying to salvage the deal. Rouhani's apparent threat earlier in July to disrupt oil shipments from neighboring countries came in reaction to the looming USA sanctions and efforts by Washington to force all countries to stop buying Iranian ...

Markets Apple hits record market capitalisation of $1 trillion
Author: 0 Apple hits record market capitalisation of $1 trillion

Shares of Apple finished the formal Wall Street trading day at US$207.39, topping the magic number two days after the California tech giant reported strong quarterly earnings. On Wednesday, Apple's shares closed up nearly 6 percent and this was seen as its best one-day gain in 18 months, after reporting better-than-expected results on Tuesday night.

Markets China announces $60B of United States goods for tariff retaliation
Author: 0 China announces $60B of United States goods for tariff retaliation

The Trump administration tightened pressure for trade concessions from Beijing this week by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports. Beijing said the timing of the new tariffs would depend on whether the USA follows through on its threat. The deficit in goods trade with China also rose.

Markets Tax Free Weekend recap
Author: 0 Tax Free Weekend recap

Friday and continuing through 11:59 p.m. Sunday. What had become known as Louisiana's "Back-to-School Sales Sales Tax Holiday " would have been Friday and Saturday. Back in January, Walker stopped at the La Crosse Airport, holding a Spider-Man backpack touting the sales tax holiday , along with the recently completed $100 per child tax credit - which pundits also called an election gimmick.

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