Asian shares gain on US-China trade talks, lira recovers
Asian shares gain on US-China trade talks, lira recovers
Tensions Rise Between Turkey And U.S. After Trump Sanctions
17 August, 2018, 15:36
Turkey and Qatar - which is also a very close United States ally - have become close economic and political partners in recent times.
Some analysts said that USA tax cuts passed past year by Congress which are boosting corporate earnings and economic growth have reinforced the reasons for raising interest rates.
Finance Minister Berat Albayrak, Erdogan's son-in-law, was due to address hundreds of foreign investors through a tele-conference on Thursday, in an apparent attempt to reassure the markets. He spent about two years behind bars before he was moved to house arrest last month.
Mr Trump added: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!" "Given a USA president tends to do badly in his first mid-term election, he might do more on trade issues after the election", he added.
Asian shares won a modest reprieve on Friday after China and the USA agreed to hold their first trade talks since June, and as the Turkish lira extended gains after hitting a record low earlier this week.
The U.S. media said the decision was related to the current state of Turkish-American relations and the Brunson case.
An evangelical from North Carolina, he has been held in Turkey for almost two years over alleged links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup in 2016.
Turkey said Wednesday it is increasing tariffs on imports of some U.S. products, escalating a feud with America which has helped trigger a currency crisis.
Despite the rise, Turkey's currency has lost nearly a third of its value against the dollar since January, pushing up the price of everyday items and raising fears that its weakness could infect other emerging market currencies.
Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation.
Trump is willing to ramp up sanctions further if Turkish president, Recep Tayyip Erdogan, refuses to release USA pastor, Andrew Brunson. China's Ministry of Commerce said it had received an invitation from the United States for talks to be held with U.S. Under Secretary of Treasury for International Affairs David Malpass.
Kalin said the German and French leaders told Erdogan that "they were also suffering and that they were also complaining about" U.S. President Donald Trump's administration's tendency to "use trade, dollars, taxes as weapons".
Kenningham noted Turkey's annual gross domestic product of around $900 billion was just 1% of the global economy and slightly smaller than the Netherlands.
The officials said Qatar's Sheikh Tamin bin Hamad Al Thani pledged to "quickly implement" the investment package during a meeting with Mr Erdogan in Ankara.
MSCI's emerging market currency index.MIEM00000CUS hit its lowest level since May 2017 on Wednesday as many major emerging currencies extended their selloff in the wake of Turkey's currency crisis.
The Turkish currency began to recover after authorities this week took steps to help bank liquidity.
After his shock exit at Real Madrid, winning three consecutive Champions League titles, he was linked with a move to Juventus . Instead Zidane will instead take a year off to relax following the mental stress he was under at Real Madrid.
If Elon Musks buy-out falls through, Tesla's shares could fall precipitously as investors focus on the company's performance. Short sellers are investors who bet against a company and look for its stock price to go down.
Afghan President Ashraf Ghani is said to be considering a cease-fire offer for the upcoming Muslim holiday of Eid al-Adha. He said however that foreign fighters, including Pakistanis and Chechens, are involved in the battle for Ghazni .
Omarosa was best known for her appearances on " The Apprentice " and its sister shows starring then-businessman Donald Trump . On Friday, White House Press Secretary Sarah Huckabee Sanders released a statement condemning the book.
The 76-year-old has battled numerous health issues over the years, but has never disclosed what's been ailing her. She has performed at the inaugurations of three presidents: Jimmy Carter , Bill Clinton and Barack Obama .
Rahul Gandhi, the leader of the Congress party, said "India has lost a great son" who was "loved and respected by millions". He was the prime minister who ordered nuclear tests in 1998, stoking fears of atomic war between India and Pakistan.
Why use the first few games of the new campaign to get going, when you can do that in the games that don't count? New boys Alisson Becker and Naby Keita made their official debuts, named in the starting line up.
While Trump praised the military during his remarks at New York's Fort Drum , the president did not address McCain. The law also bars the US from selling F-35 fighter jets to North Atlantic Treaty Organisation member Turkey .
Colorado Father Arrested In Family's Murder
Chris Watts worked at Anadarko for an unspecified amount of time, according to a spokesperson for the company, but no longer does. After a friend notified police, they conducted a welfare check at Shanann's home, where they found her cellphone, purse and keys.
Samsung sets high bar for Note9, scoffs at S9 critics
They pointed out the South Korean tech giant's poor sales with the Galaxy S9 and S9+ series in the first half of the year. The supersonic sensor of the Samsung Galaxy S10 is the company's answer to the iPhone X's facial recognition feature.
U.S, China trade dispute puts oil prices on edge
Yu was quoted as saying Monday that Iran is one of China's largest trading partners and it would continue to import its crude oil. West Texas Intermediate was down 0.6% to $67.34 per barrel at 3:15 p.m.
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Stargazers come out to watch the Perseid meteor shower early on Monday morning north of Castaic Lake, California August 12, 2013. If you're planning to catch the shower, you should begin looking for meteors Sunday night about 9 p.m. and through the evening.
Death toll hits 39 in Italy bridge collapse; blame begins
It's the high point of the season, when most businesses are closed and Italians head to the beaches or the mountains. Rescue workers recover a body at the site of the collapsed Morandi Bridge in the Italian port city of Genoa , Italy.
California Holy Fire rages on, burns more than 21000 acres
As it has grown to cover more than 202,000 acres, 1,077 homes, 22 commercial structures and 500 other buildings have burned. Last week, the combination of the Ranch and River fires set the record as the state's largest fire complex in history.
Furious Trump blasts Omarosa as a 'dog'
I'm going to watch to see", she said . "That was one of the goals that I set out to and then get back to my life", she said. But he denied ever showing her a tape, saying: 'You've got to be bullsh*****g me. "He doesn't know how to control himself".