• Trump complains about interest rate rises
Trump complains about interest rate rises

Asked if he believed in the Fed's independence, Trump said: "I believe in the Fed doing what's good for the country". The US dollar index, which measures the greenback against a basket of six major currencies, is down 0.19% to 95.55 .

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  • United States sanctions Russian shipping companies
United States sanctions Russian shipping companies

U.S. President Donald Trump answers a question during an interview with Reuters in the Oval Office of the White House in Washington, Aug. 20, 2018. Britain's foreign minister, Jeremy Hunt, will say that Russian President Vladimir Putin has made the world "a more risky place", and that after a chemical weapons attack in England, the European Uni...

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  • The rand climbs as dollar hit by Trump Fed comments
The rand climbs as dollar hit by Trump Fed comments

The president told Reuters on Monday that he wasn't "thrilled," this time singling out Federal Reserve Chairman Jerome Powell. "The other countries are accommodated". "So I would hope the president would refrain from making comments like that". The central bank is created to be independent from political interference.

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  • PepsiCo to buy Israel’s SodaStream for $3.2 billion
PepsiCo to buy Israel’s SodaStream for $3.2 billion

The deal is likely to close in January. Daniel Birnbaum, SodaStream's CEO , said the company is honoured to be chosen as PepsiCo's beachhead into the at-home preparation market. SodaStream's performance improved following a shift in strategy that put more emphasis on sparkling water over soda , and cultivating a loyal user base that continues t...

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  • Shots fired at USA embassy in Turkey amid deepening row
Shots fired at USA embassy in Turkey amid deepening row

Private broadcaster CNNTürk reported that the drive-by shooting occurred around 5 a.m. and the assailants fled in a white vehicle after four or five gunshots heard. Video footage from broadcaster Haberturk showed police teams inspecting one of the entrances to the embassy and apparent damage caused by a gunshot could be seen in one window.

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  • Elon Musk wanted to hire Facebook's Sheryl Sandberg to be Tesla COO
Elon Musk wanted to hire Facebook's Sheryl Sandberg to be Tesla COO

In his Times interview, Musk says he's been suffering "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla's destruction". Musk, whose company posted a record US$709.6 million net loss in the first quarter of this year while struggling to manufacture lar...

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  • Trump says ordering SEC to consider ending quarterly earnings reports
Trump says ordering SEC to consider ending quarterly earnings reports

The SEC could make such a change on its own without Congress passing legislation, but that doesn't mean it will, said David Martin, who previously ran the agency unit that oversees corporate filings. "I do believe it will help upper management". "The difficulty in making better long-term decisions away from a quarterly reporting cycle certainly...

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  • Google return in China in doubt after employee outcry
Google return in China in doubt after employee outcry

CNN reports that during a town hall meeting on Tuesday, Google CEO Sundar Pichai assured many anxious employees that the company is "not close" to launching a censored search product in China. When the news of a censored search engine was first made public, some Google employees were critical of their company. They said the project raised "...

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  • Turkey, France to act against US sanctions
Turkey, France to act against US sanctions

Turkey's currency, the lira, has plummeted after the two nations imposed tariffs on one another's goods. Turkey's currency, which had recovered from record losses against the dollar earlier in the week, was down about 6 percent against the dollar on Friday, at 6.17.

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  • United States can not see who its true friend is: Turkish FM
United States can not see who its true friend is: Turkish FM

A higher Turkish court has rejected an appeal for the release from detention of the American pastor Andrew Brunson , who is facing terrorism-related charges and is now under house arrest in the Aegean province of Izmir. USA stocks climbed in afternoon trading after a Mexican economic official told reporters that trade talks between the United Stat...

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  • China lodges complaint with WTO over legalities of US policies
China lodges complaint with WTO over legalities of US policies

The White House announced plans for "safeguard tariffs" over four years in January, starting at 30 per cent and incrementally falling to 15 per cent. But perhaps most worrying for American businesses selling in China, a significant minority of the people interviewed - 14, or 28 percent - want to stop buying American products now, and some say t...

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  • Turkey will emerge stronger from lira crisis despite row with USA: minister
Turkey will emerge stronger from lira crisis despite row with USA: minister

The US leader authorised the implementation of sharp tariffs on imports of aluminium and steel from Turkey last Friday. Before he spoke, the lira strengthened more than 3 percent, despite signs that the dispute with the United States is as wide as ever.

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  • More sanctions ready over Brunson case, US Treasury Sect. Mnuchin says
More sanctions ready over Brunson case, US Treasury Sect. Mnuchin says

Last week, Washington doubled steel and aluminium tariffs on Turkey over its continued detention of United States pastor Andrew Brunson . A Turkish court on Wednesday denied an appeal from pastor Andrew Brunson to be released from house arrest.

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  • Lira rallies as Turkey pledges spending cuts to avoid International Monetary Fund bailout
Lira rallies as Turkey pledges spending cuts to avoid International Monetary Fund bailout

The currency gained some support from the announcement late on Wednesday of a Qatari pledge to invest $15 billion in Turkey. Turkey has also gained substantial support from nations around the world as the country's economy continues to suffer amid the ongoing dispute.

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  • Oil rises as China, US set for trade talks
Oil rises as China, US set for trade talks

The statement said China opposed unilateralism and trade protectionism. The last official round of talks was in early June when the United States commerce secretary, Wilbur Ross , met Liu He in Beijing . The president has argued that the tariffs are necessary in order to secure better trade deals, even though the USA has yet to establish any ne...

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  • Jury orders Monsanto to pay $290 mln in California Roundup cancer trial
Jury orders Monsanto to pay $290 mln in California Roundup cancer trial

Jurors in California superior court agreed the product contributed to Johnson's cancer and the company should have provided a label warning of the potential health hazard. However, the US Environmental Protection Agency (EPA), which is an independent body from the government, continues to assert that the chemical is safe to use if the correct preca...

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  • Turkey's tariff hikes on U.S. products 'regrettable': White House
Turkey's tariff hikes on U.S. products 'regrettable': White House

Turkey sharply increased tariffs on a variety of USA products - including cars and alcohol - and a court decided not to release an American pastor being held on terrorism charges as the feud between Ankara and Washington continued to escalate on Wednesday.

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  • Qatar promises $15 bn investment in Turkey: presidency
Qatar promises $15 bn investment in Turkey: presidency

He's being held under house arrest in Turkey . Last week, a Turkish delegation returned from Washington with no movement on the detention of American pastor Andrew Brunson, who is under house arrest in Turkey over terrorism charges. The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investor...

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  • United Kingdom inflation rises for first time in 2018, London house prices fall
United Kingdom inflation rises for first time in 2018, London house prices fall

Tej Parikh, an economist at the Institute of Directors, said: "These figures show that the cost of living squeeze is not yet a thing of the past". "For households, this isn't good news, as the already weak growth in their pay packets is being further eroded by high prices".

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  • Turkey court rejects new appeal to release detained United States pastor
Turkey court rejects new appeal to release detained United States pastor

The emir "will discuss with the Turkish president bilateral relations and means of strengthening the existing strategic cooperation between the two countries in various fields", said a Qatar News Agency statement. Citing the "principle of reciprocity", on 15 August Turkey sharply increased tariffs on a range of products from the United States. ...

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  • Turkey aims new tariffs at US as court rejects pastor's appeal
Turkey aims new tariffs at US as court rejects pastor's appeal

A decade of easy money and low interest rates in the United States and European Union following the 2008 financial crisis led to investors searching for higher yields to emerging markets like Turkey. However, the currency remains volatile, with no signs of interest rate rises to combat high inflation and an overheating economy. "We will produce...

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  • Oil dips on rising United States crude inventories
Oil dips on rising United States crude inventories

The reduction will depend on whether buyers of Iranian oil receive waivers that would allow some imports. October ICE Brent crude settled 20 cents/b lower at $72.61/b, while the September NYMEX WTI crude settled 43 cents/b lower at $67.20/b.

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  • Italian footballer survives 30-metre fall in 'apocalyptic' bridge collapse
Italian footballer survives 30-metre fall in 'apocalyptic' bridge collapse

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". As cranes moved in to shift truck-sized chunks of broken concrete, hundreds of firefighters searched for survivors, while publi...

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  • Detained US pastor in Turkey appeals for release 46min
Detained US pastor in Turkey appeals for release 46min

It is not clear if this will be an official government boycott or just a call to the Turkish public to stop buying American electronics. He urged Turks to buy local or Korean mobile phones, instead of American iPhones . Underscoring lingering concerns over the crisis in Turkey, the dollar hovered near a 13-month peak against a basket of currenc...

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  • Tesla forms three-member panel to look at any Musk deal
Tesla forms three-member panel to look at any Musk deal

Her main issue was with Grimes , who allegedly "ghosted" on her to tend to Musk, who Banks said was "too stupid to know not to go on twitter while on acid". PIF officials have said in the past that decisions at the sovereign wealth fund are made with care, emphasizing corporate governance. Mr Musk has said the offer is valued at $420 (£326) pe...

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  • United States urges solution to pastor case in Turkey
United States urges solution to pastor case in Turkey

But world stock traders were dismayed the bank did not raise interest rates, which is what many economists believe is necessary to ease the crisis. Turkish President Recep Tayyip Erdogan vowed to boycott American electronics, including Apple Inc.'s iPhone, as he retaliates against Donald Trump's attempts to isolate his economy.

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  • Firefighter killed battling largest blaze in California history
Firefighter killed battling largest blaze in California history

Cause of the fire , made of up the Ranch and River fires, remains under investigation. A firefighter had been killed in that fire, officials said, but no details were immediately available. He said dry thunderstorms, which produce lightning but little rain, are expected for parts of the Rocky Mountain region, while the United States north-west...

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  • Tesla's board might not know where Elon's 'secure' funding is coming from
Tesla's board might not know where Elon's 'secure' funding is coming from

January 3, 2018 - Tesla pushes back its production target for the Model 3 sedan for the second time, now to the end of the second quarter of 2018. Directors plan to meet financial advisers next week and are likely to tell Chairman Elon Musk to recuse himself while they mull his proposal, CNBC reported Thursday, citing unidentified people ...

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  • Rupee hits record low of 70 to dollar, touches 19.05 vs dirham
Rupee hits record low of 70 to dollar, touches 19.05 vs dirham

The rupee registered a sharp decline of 109 paise to close at 69.93 against the U.S. dollar on Monday - the biggest single-day drop in past five years. The Turkish currency crisis has strained emerging market currencies such as India . At press time, USD/INR is trading at 69.52. Earlier this month, the RBI raised rates to the highest in two ye...

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  • Turkey's president calls lira plunge
Turkey's president calls lira plunge "plot", threatens to seek new alliances

The crisis has been sparked by a series of issues including a faltering economy-the central bank has defied market calls for rate hikes-and tensions with the United States, which has hit Turkey with sanctions over its detention of an American pastor.

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