Turkey Will Respond If Us Imposes More Sanctions: Minister
Turkey Will Respond If Us Imposes More Sanctions: Minister
Resurgent dollar sends commodities reeling again
18 August, 2018, 18:43
One of Turkey's high criminal courts has rejected US pastor Andrew Brunson's request to be released from house arrest and permitted to travel overseas, according to Turkey's state-run Anadolou news agency.
The dispute is one of several between the North Atlantic Treaty Organisation allies, including diverging interests in Syria and U.S. objections to Ankara's ambition to buy Russian defence systems, that have contributed to instability in Turkish financial markets.
The Qatari money will be channelled into banks and financial markets, a Turkish government source told Reuters.
Investors remains highly concerned about Turkish President Tayyip Erdogan's policies to combat the country's double-digit inflation, the ability of the central bank to act independently for macroeconomic stability and the row with Washington over Brunson.
The fight between the United States and Turkey could flare up even more, as the White House looks to ramp up the pressure over a detained American pastor.
"The heightened tensions between the USA and Turkey caused the Turkish lira to take a leg lower and this reignited fears that the European banking system could be shaken by either defaults or non-performing loans from Turkey", said market analyst David Madden at CMC Markets UK.
Turkey's state-run news agency says a higher Turkish court has also rejected an appeal for the release from detention of an American pastor who is at the center of a Turkish-U.S. spat.
Ankara has retaliated by steeply hiking tariffs on some US products.
Trump added the pastor is a "very innocent man" and "we got somebody out for him - he needed help getting somebody out of some place".
The United States sanctioned Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu, blaming both for being involved Brunson's arrest and detention.
Pastor Andrew Brunson was swept up in the aftermath of a failed coup attempt in 2016.
Turkey's Trade Minister Ruhsar Pekcan responded to the new threat on Friday.
Elsewhere, the dollar dipped against a basket of six major currencies, moving further away from its highest levels since June 2017 hit earlier in the week as investors bought the US currency in a flight to safety.
And the day earlier, two Greek soldiers held by Turkey since March for illegally crossing the border were also freed.
As the row deepens, Turkey has reached out to European allies and spoken of improving strained ties with the bloc.
Albayrak spoke Thursday with his German counterpart Olaf Scholz and they agreed to "take steps in order to reinforce economic cooperation", Albayrak's office said.
"Rates have gone up by 10 per cent".
The Canadian dollar strengthened against its US counterpart after data showing a surge in domestic inflation triggered increased bets on another Bank of Canada interest rate hike as soon as September. Turkish companies need to pay close to 5.80 lire for each US$1 of debt that they owe, for example, up from 3.79 lire at the start of the year. Efforts to rally support and bolster domestic markets included a call Thursday between Turkish Finance MinisterBerat Albayrak and worldwide investors. He expected at worst to be given a two-week deadline to leave the country - standard practice with residency violations - and to return to Turkey when his papers were sorted out.
There was no resolution to the Brunson case in sight.
China's Ministry of Commerce said it had received an invitation from the United States for talks to be held with U.S. The Turkish currency began to recover after authorities this week took steps to help bank liquidity.
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.
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 .
In order to protect its trade interests, China has deemed necessary to resort to the WTO dispute settlement mechanism. The Trump administration previously defended the tariffs on solar cells and modules as being in line with WTO rules.
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.
The issues were related to her use of government vehicles and "money issues and other things", Kelly can be heard saying. In it, Manigault Newman describes the recorded conversation as being a conference call held on October 11, 2016.
United manager Benitez had revealed before the game that unsettled Hayden was "not OK" with his decision to block a summer move . The loan signing from Chelsea swung a wild kick at the shin of Victor Camarasa after being challenged hard by Harry Arter .
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.
Omarosa has now viciously turned on the president and is making the rounds of liberal media to promote her new tell-all book. Also calls DeVos "woefully inadequate and not equipped for her job", adding Trump referred to DeVos as "Ditzy DeVos".
He did not elaborate on what measures the United States is willing to take if Turkey continues to play hardball over Brunson. Turkish Foreign Minister Mevlut Cavusoglu said on Thursday that solving the rift with the United States is not hard .
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.
Cancer Linked Weed Killer Found in Kids’ Cereals
The team studied almost 45,000 people who had applied glyphosate as part of their jobs. " Glyphosate does not belong in cereal ". However, glyphosate has been identified as carcinogenic by the France-based International Agency for Research on Cancer .
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.
Zinedine Zidane Sets Sights On Premier League Move
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.
Intense fighting in Afghan city Ghazni as Taliban presses
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 .
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.