Markets

by | August 16, 2018 | 10:40

Its previous low was in October 2017 at 3.58 percent. Hawksworth added: "With jobs growth also slowing in the latest figures, real household income growth will remain subdued and we expect that this will continue to hold back consumer spending growth to modest levels over the next 12-18 months".

by | August 16, 2018 | 09:24

The United States doubled tariffs on Turkish steel and aluminum last week, which contributed to a tumble in the Turkish lira TRYTOM=D3 . In return, Erdogan signed a decree to also raise tariffs on some US imports including cars, alcohol and tobacco, an official report said Wednesday.

by | August 16, 2018 | 05:04

The deal cements the link between the global alcoholic-beverage giant, with all of its marketing and deal-making expertise, and the marijuana sector, where recreational use is winning legitimacy in Canada and elsewhere. "I don't think it's appreciated yet how quickly things are opening up in Europe, Latin America and even, likely, the US", he said. "We're focused on medicinal because that's, at first, the biggest platform".

by | August 16, 2018 | 03:45

Moody's Investors Service said a downgrade of Turkey's sovereign credit rating will hinge on the policies it takes to reduce risk of a balance of payments crisis amid an escalating standoff with the United States. "Every product that we buy in foreign currency from outside, we will produce them here and sell overseas", Erdogan said in a speech, according to The New York Times .

by | August 16, 2018 | 03:09

Turkish Vice President Fuat Oktay said that the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the United States administration". Russian Foreign Minister Sergei Lavrov pays a two-day visit to Ankara just after the Turkey-U.S. ties hit historical deterioration. Erdogan spoke to Russian President Vladimir Putin on Friday, a conversation that included talk of deeper economic ties and mutually beneficial trade, according to ...

by | August 15, 2018 | 09:08

Tensions between the two North Atlantic Treaty Organisation allies have intensified amid a dispute over the detention of Andrew Brunson, whom Turkey accuses of aiding a failed coup. Since January, the Turkish lira has lost more than 34 percent of its value against the dollar, pushing up the price of everyday items. Erdogan has called on Turks to exchange their dollars for lira in order to shore up the domestic currency .

by | August 15, 2018 | 07:34

Fedeli said private retailers will have to follow a series of rules including prohibiting the sale of marijuana to anyone under the age of 19. Anyone caught violating the rules will face "severely escalating fines", he said. Ontario-based Newstrike Brands Ltd., parent company of licensed cannabis producer Up Cannabis Inc., likewise welcomed the move. Municipalities will also have a one-time window where they can opt out of allowing private marijuana stores in their municipalities.

by | August 15, 2018 | 07:40

It had opened marginally higher at 69.85 against the greenback on Tuesday morning. The rupee has been among the worst performing currencies against the dollar compared with its peers so far this year. " Turkish lira plunged another 7 per cent today and that caused a chaos in the emerging market space, with South African rand depreciating by nearly 10 per cent.

by | August 15, 2018 | 08:26

Democratic gubernatorial candidate Christine Hallquist speaks to supporters Tuesday evening. Republican voters are deciding between Leah Vukmir and Kevin Nicholson to challenge Democratic U.S. "I chose to transition in a very public way because I felt I owed it to those at Vermont Electric Cooperative who put their trust in me". Originally meant to be a documentary about the Vermont electric company dealing with climate change, it also became a personal story as Hallquist came out as ...

by | August 15, 2018 | 05:33

Front-month Brent crude oil futures were at $72.87 per barrel at 0111 GMT, up 26 cents, or 0.4 percent, from their last close. Oil prices dipped on Monday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although United States sanctions against Iran still pointed towards tighter supply.

by | August 15, 2018 | 05:54

The US doubled tariffs last week over Turkey's refusal to extradite a US pastor who is imprisoned there . What's happening to Turkey's currency? The tariff increases come amid Trump's concerns over an American pastor, Andrew Brunson, imprisoned in Turkey since 2016.

by | August 15, 2018 | 03:49

Shares of Nvidia were up 1.6% in pre-market trade Tuesday. Nvidia is calling Turing "the greatest leap in computer graphics in over a decade", noting that it is focusing on realistic ray-tracing (incredible lighting effects) for its "RTX" range of cards.

by | August 15, 2018 | 03:05

The top USA diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". Arrested in 2016, Brunson faces terror and espionage charges. In essence, investors have lost faith in the current economic policies of the Turkish government, anxious that a continued weakening of the economy will cause Turkish borrowers to struggle to repay their foreign debts.

by | August 15, 2018 | 02:21

A campaign aide tells The Associated Press that it is filing the claim with the America Arbitration Association in NY, claiming her explosive new book and media tour breached her 2016 confidentiality agreement with the campaign. "I'm certainly, I think like most people that worked with her, very disappointed that she would go to such a self serving, somebody who blatantly cares about more about herself than our country", Sanders said.

by | August 15, 2018 | 01:27

The largest fire in California history turned deadly on Monday as a firefighter tending the blaze was killed. The fire has now grown to over 349,000 acres, but the Ranch Fire - one half of the Mendocino Complex Fire - is up to 59 percent contained.

by | August 15, 2018 | 01:04

Musk said he had the funding secured for a $420-a-share buyout sending the stock soaring. "The special committee has not yet received a formal proposal from Mr Musk regarding any "going private transaction" nor has it reached any conclusion as to the advisability or feasibility of such a transaction", the company said.

by | August 14, 2018 | 06:02

The Organization of the Petroleum Exporting Countries forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. U.S. State Department spokesperson Heather Nauert said on Thursday that although the two sides "had wide-ranging meetings at the State Department and with other departments here in Washington", the U.S.

by | August 14, 2018 | 06:01

Russell worked for Horizon Air - a subsidiary of Alaska Airlines - for over three years. "I think if he managed to pull this off only having experience on a flight simulator , that's awesome", Price said, "and it's even more fantastic that he was able to take the plane off without even crashing it at the end of the runway".

by | August 14, 2018 | 04:55

He did not name any countries. Erdogan was speaking at ruling Justice and Development (AK) Party's meeting in northeastern Turkish province of Trabzon. "I am asking you". The lira "slides rapidly downward against our very strong Dollar!" Erdogan dismissed the fall of the currency as "a storm in a tea cup" and urged Turks to sell dollars and buy lira to help boost the currency.

by | August 14, 2018 | 03:44

A significant cut in oil sales is also expected when the United States reimposes a second phase of sanctions in November - with some analysts estimating a drop of 700,000 barrels per day from its current level of 2.3 million. The protests over the cost of living have often turned into anti-government rallies. "When the economy starts to deteriorate, people come under much more pressure and it is clear that they will gradually lose their trust in government", economic journalist Farideh ...

by | August 14, 2018 | 01:26

The countries are embroiled in a diplomatic row sparked by the case of USA evangelic pastor Andrew Brunson , which Turkey wants to try on terrorism charges believing he was behind the attempted coup on President Recep Tayyip Erdogan two years ago.

by | August 14, 2018 | 01:22

The paper drafted by Yale University economists Yukun Liu and Aleh Tsyvinski argues that since cryptocurrencies have no exposure to most stock markets and macroeconomic factors, neither have they any exposure to returns of currencies or commodities, a completely different set of factors affect their price movements and thus returns.

by | August 13, 2018 | 03:09

Riley FBR in NY. It's a risk-on trade. The latest data pointed to strength in the labour market, underscoring the health of the U.S. economy despite ongoing trade tensions. Shares of Apple rose 0.8 per cent, while those of Amazon were up 0.6 per cent. Rite Aid fell 11.5 per cent after the drug store chain and USA grocer Albertsons Cos agreed to terminate their merger agreement.

by | August 13, 2018 | 04:07

Two F-15 fighter jets were scrambled as " Rich " flew the passenger plane in an aerial loop, then headed south. Authorities said that Russell, 29, took off Friday evening in an empty, 76-seat Q400 Horizon Air turboprop plane at the Seattle-Tacoma International Airport without authorization.

by | August 13, 2018 | 02:44

The July jobless rate was 5.8%, down from 6% the previous month, Statistics Canada said Friday in its latest labour force survey . When compared to neighbouring provinces, British Columbia's unemployment rate dropped to five per cent and Saskatchewan is also lower at 6.6 per cent, despite a 0.3-per-cent increase.

by | August 12, 2018 | 13:08

On Wednesday, Breitbart reported that former New York Stock Exchange President Tom Farley said expected Trump to reach a trade deal with Mexico before the midterm elections and possibly with the European Union. The federal government finds itself in a holding pattern on NAFTA negotiations with one-on-one talks between the United States and Mexico set to spill into next week.

by | August 12, 2018 | 13:31

Days later, he also said he was considering taking the company private, and has apparently already lined up the financing to do so. After Musk's tweets on Tuesday, they had climbed as high as 93 cents, around where they were the day before Moody's downgraded its Tesla rating to "B3" - six notches into junk territory - from its previous rating of "B2".

by | August 12, 2018 | 08:57

Eckrote said it was very fortunate that the plane crashed in a relatively unpopulated island. He is believed to have died when the plane crashed after a 90-minute "joy ride". " Oh man . Those guys will rough me up if I try and land there", the man responded, later adding "This is probably jail time for life, huh?" Attempts to talk him down failed and he radioed back: "I've got a lot of people that care about me".

by | August 12, 2018 | 08:11

As previously reported, a man believed to be an airplane mechanic took off in a Q400 by himself - with no crew and no piloting experience himself. He described him as a white male, age 29, who may have mental health problems. "Military jets were scrambled from Portland, but it does not appear that these jets were involved in the crash of the Horizon aircraft". "Nah, I mean, I don't need that much help".

by | August 12, 2018 | 06:00

Elsewhere, News Corp's news and information segment, which includes its mastheads, grew quarterly revenues by 1% to $1.29 billion in the fourth quarter and by 1% to $5.12 billion in the fiscal year. CEO Robert Thomson reported confidence that new rights acquisitions, including cricket, would lift subscriber numbers at Foxtel. Since then, News Corp.

by | August 12, 2018 | 04:40

One expert, Jill Fisch, a business law professor at the University of Pennsylvania Law School, said Chamberlain's and Issac's lawsuits will only be successful if they can prove Musk and Tesla did not actually seek or " secure " funding for the transaction.

by | August 12, 2018 | 04:34

One of the first impacts that British Columbians will feel is that if a driver gets a ticket or a serious traffic conviction, related penalties will go up 20 per cent this fall, and another 20 per cent in fall 2019. Utilities Commission, they would come into effect in September 2019. 17% of all drivers - more than $100 increase. Andrew Wilkinson, Leader of the Opposition BC Liberals, said in a written statement the NDP government is not addressing the major problems at ICBC.

by | August 12, 2018 | 03:16

Roundup is one of the country's most popular weedkiller brands, while glyphosate herbicides are the most widely used herbicide in United Kingdom agriculture. The scientific world, however, has raised doubts about glyphosate. The World Health Organisation reported that it is " probably carcinogenic to humans ", but despite that finding, the European Commission recently granted the substance another five-year licence.

by | August 12, 2018 | 02:52

In a separate opinion piece in the pro-government newspaper Daily Sabah , Erdogan's spokesman Ibrahim Kalin said Turkey's efforts to solve the crisis with diplomatic methods have been dismissed by the Trump administration, warning that Washington might completely lose Ankara as an ally.

by | August 11, 2018 | 06:26

He declared: "Our relations with Turkey are not good at this time!" The U.S. recently hit two high-ranking Turkish officials with sanctions after the Turkish government refused to release imprisoned Christian pastor Andrew Brunson . The lira fell as much as 18 per cent against the USA dollar in its worst day since Turkey's financial crisis of 2001. Turkish President Tayyip Erdogan told a rally Friday that his country would not yield to what he called bullying and blackmail.