Stories about Economy

Aug 17 2018

Nigeria's inflation drops to 11.14% in July - NBS

This slowdown in United Kingdom house price growth over the past two years is driven mainly by a slowdown in the south and east of England, the ONS said. The latest infla...

Aug 17 2018

Qatar promises $15 billion investment in Turkey

During the meeting, Trump remarked that Turkey has "not proven to be a good friend". Mr Trump said: "They want to hold our wonderful pastor". He said: "I have just au...

Aug 17 2018

U.S. plans more sanctions against Turkey if pastor not released

The Trump administration has already sanctioned two Turkish leaders over the pastor's imprisonment. Turkey is calling for the U.S.to extradite a Pennsylvania-based Mu...

Aug 15 2018

Turkey Counterpunches By Raising Tariffs On U.S. Goods

On Tuesday, the lira recovered some ground, trading at 6.3300 to the dollar at 1947 GMT, up some 9% from the previous day's close and having earlier touched 6.2995. Erd...

Aug 14 2018

Rupee fall continues, hits record low of 70 against U.S. dollar

Technical pattern indicates that the rupee could further depreciate towards 71 per dollar. Lira is the national currency of Turkey , and a crisis has spooked investors...

Aug 14 2018

Erdogan Wants Boycott of US Electronics

The lira pulled back on Tuesday from Monday's record low of 7.24 after the Turkish central bank pledged to provide liquidity in response to a meltdown that unsettled gl...

Aug 13 2018

Saudi Arabia looks to invest big in Tesla

Shares of Tesla surged as much as 3% in early-trading Monday, before paring their gains, after CEO Elon Musk published an update on his plans to take the company pri...

Aug 12 2018

United States tariffs make no dent on China exports surge

Companies are already adjusting to the new trade barriers, and shifting supply chains away from China. The latest USA list brings the total worth of Chinese goods facing...

Aug 11 2018

Erdogan warns Trump Ankara may seek ‘new friends’

Last week the U.S. government announced sanctions against Turkey's interior and justice ministers, to which Ankara responded by freezing the assets of two American offi...

Aug 10 2018

USA imposes sanctions on Russian Federation over Skripal poisonings in Salisbury

The action is aimed at punishing President Vladimir Putin's government for having "used chemical or biological weapons in violation of global law", State Department s...

Aug 08 2018

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

Being public 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 necess...

Aug 08 2018

China to slap additional tariffs on $16 billion of United States goods

At that time, Beijing threatened a 25 percent tariff on US crude imports, although it did not issue a specific date for the move. Beijing said last Friday it would ...

Aug 07 2018

Musk Says He May Take Tesla Private, Shares Roar

Tesla now has a market value around $60 billion, which would make its take-private price tag about $80 billion, Galloway said. Tesla has always been one of the most-shor...

Aug 04 2018

U.S. mends ties with allies, prepares for trade war with China

The U.S. imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. - Office of the U....

Aug 03 2018

Sales tax holiday for BTS supplies set for August 3 to 5

The holiday begins at midnight Friday and runs through 11:59 a.m. Sunday. You can also get the qualified items online, tax free. That includes clothing , shoes, sch...

Aug 02 2018

Apple becomes world’s first private sector company worth $1 trillion

The peak reached Thursday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1. In a call with investors, CE...

Jul 28 2018

Facebook shares down more than 18 percent

That means that in one day, just the decline in Facebook's market value is roughly the entire market value of McDonald's or Nike, give or take a few billion. Until now,...

Jul 28 2018

President Trump proclaims 'tariffs are the greatest' ahead of trade meeting

In addition to tariffs on aluminum and steel, Trump has imposed tariffs on washing machines, solar panels and a wide range of Chinese products. "We had a big day, very ...

Jul 26 2018

West Tennessee farmers react to agricultural tariffs

Agriculture officials say the plan will not require congressional approval. The assistance programs for farmers affected by tariffs will officially roll out in Septembe...

Jul 25 2018

Farmers have mixed reactions to Trump's farm aid

Ahead of his meeting on Wednesday with President of the European Commission Jean-Claude Juncker, Trump tweeted that both the USA and the EU should "drop all tariffs, ...