https://www.theglobeandmail.com/resizer/NXoaMBCIpOScvkpAkRMniNZ0z5g=/620x0/filters:quality(80)/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/GUR3DHUHLJFHFN5J5SHTFAP7EA.jpg

Markets

The commitment and determination of Turks is the guarantee needed to combat attacks on Turkey's economy, Turkish President Recep Tayyip Erdogan said while commenting on the currency crisis his country is facing. FILE - An oversized copy of a 200 Turkish lira banknote, featuring a photo of modern Turkey's founder Mustafa Kemal Ataturk, decorates a currency exchange shop in Istanbul .
  • Wall Street surges on US-Mexico trade deal to replace NAFTA

    Wall Street surges on US-Mexico trade deal to replace NAFTA

    Markets

    Mexican President Enrique Peña Nieto joined Trump by speakerphone, saying through an interpreter that the deal "is something very positive for the United States and Mexico". He noted, for example, that Trump said nothing Monday about dropping Trump's tariffs on Mexican or Canadian steel - tariffs that were imposed in part to pressure those countries to reach an agreement on NAFTA.
  • Toyota invests $500 million in Uber

    Toyota invests $500 million in Uber

    Markets

    Toyota and Uber are said to be partnering to develop self-driving vehicle technology, an area where Uber has struggled. Uber has previously tested its self-driving cars in Arizona and California. The investment will reportedly focus on autonomous-vehicle technology. The company suspended all of its testing on public roads, however, after a self-driving Uber vehicle struck and killed a pedestrian in Arizona earlier this year.
  • Will Continue To Work For New NAFTA Deal: Canada

    Markets

    We're going to call it the United States-Mexico Trade Agreement , and we'll get rid of the name NAFTA". The president said , "we'll see" if Canada can be a part of the deal , or if it will be a part of a separate deal. "For years, Conservatives have asked for a more serious approach from the Trudeau government on NAFTA, but the Liberals have preferred domestic political posturing over advancing our economic interests", it read.
  • Berkshire Hathaway confirms investment in Paytm parent One97 Communications

    Berkshire Hathaway confirms investment in Paytm parent One97 Communications

    Markets

    Buffett had told Berkshire shareholders at an annual meeting in May that the financial payments industry was gaining traction across the world. The Mumbai-based Economic Times reported the talks Monday, noting that if Berkshire follows through by paying $285.4 million to $356.7 million for a 3-4% stake in One97 Communications , it would be Buffett's first direct investment in India.
  • Tabloid exec granted immunity in Trump hush-money probe

    Tabloid exec granted immunity in Trump hush-money probe

    Markets

    Sam Nunberg, a former Trump campaign adviser who worked with Cohen, said the President's erstwhile consigliere is simply not credible. The AP reported Thursday that the tabloid kept a safe containing documents about hush-money payments and damaging stories it killed as part of its cozy relationship with Trump leading up to the 2016 presidential election.
  • Surprise, surprise: SEC rejects more crypto ETF proposals

    Surprise, surprise: SEC rejects more crypto ETF proposals

    Markets

    This factor, coupled with the introduction of the ICE-backed Bakkt platform and continual support from legacy market insiders, like SEC Commissioner Hester Pierce, may make a Bitcoin ETF much more than a possibility. On that occasion, the Commission argued that it could not approve the Winklevoss Bitcoin Trust because of the lack of regulation of the Bitcoin (BTC ) markets and anti-fraud protection mechanisms for potential investors.
  • Ryanair brings in new policy charging passengers for taking luggage onboard

    Ryanair brings in new policy charging passengers for taking luggage onboard

    Markets

    The price per additional item will be £8 and the maximum weight will be ten kilos. "Added extras for flights are already hugely annoying for travellers, adding even more will simply make consumers go elsewhere". The new policy will be implemented at boarding gates from November 1 and for all bookings made from September 1. Under the new rules, non-priority passengers can only bring one small personal bag that can fit under a seat in front, free of charge.
  • Trump executive granted immunity in Cohen inquiry

    Trump executive granted immunity in Cohen inquiry

    Markets

    The Trump Organization declined to comment to the Times. "Mr. Cohen acknowledged the illegal payments while pleading guilty to breaking campaign finance laws and other charges, a litany of crimes that revealed both his shadowy involvement in Mr.
  • Will a Saudi Aramco IPO ever happen? | Inside Story

    Markets

    Saudi Arabia's real GDP growth is expected to increase to 1.9 per cent in 2018, with non-oil growth strengthening to 2.3 per cent as reforms take hold and oil output increases, said the International Monetary Fund (IMF) in a new report. In addition to Aramco, authorities have said they aim to sell another $200 billion worth of state assets in the coming years. However, the decision to take the company public has been met with fierce opposition in the upper echelons of Saudi Arabia's ruling ...
  • Alibaba and Tencent Ban Cryptocurrency Transactions

    Alibaba and Tencent Ban Cryptocurrency Transactions

    Markets

    Additionally, a new set of regulatory sweeps by the company will attempt to respond to sites popping up that integrate Alipay as a step in a process of OTC cryptocurrency trade . The operator will also offer education on risk prevention for its users and remind them not to be misled by advertising, Ant Financial confirmed. Moreover, citing new governmental regulations , Chinese technology giant Tencent has banned over eight crypto-centric news outlets on its WeChat mobile platform, ...
  • World’s First Blockchain-Managed Bond Launched

    World’s First Blockchain-Managed Bond Launched

    Markets

    This prototype is named "Bondi" bond which stands for Blockchain Operated New Debt Instrument , and it names after the most famous beach of Australia. Microsoft has already validated Ethereum's "capabilities, security and scale" for the bond issuance, the World Bank previously said. In an exclusive interview with Cointelegraph, the World Bank's head of treasury operations, Paul Snaith explained further about the new blockchain bond.
  • DXY Index Threatens Key Break after Powell’s Jackson Hole Speech

    DXY Index Threatens Key Break after Powell’s Jackson Hole Speech

    Markets

    Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. Strong Performance The Fed chairman said he expected the economy's "strong performance will continue" and as a result the Fed's "gradual process of normalization remains appropriate".
  • Mexico and United States near resolution on issues holding up talks — NAFTA

    Mexico and United States near resolution on issues holding up talks — NAFTA

    Markets

    The nations achieved significant breakthroughs in the past several days on the critical issues of automobiles and energy, according to the people, who asked not to be named discussing private talks. "NAFTA'S not wonderful. It was a bad deal for us". Neither Seade or Guajardo commented when they emerged from the talks some hours later. The U.S. has proposed tightening regional content requirements for vehicle production and having a certain percentage of a auto manufactured by higher-paid ...
  • New York AG plans criminal investigation into Michael Cohen's taxes

    Markets

    The Wall Street Journal and NBC News polled registered voters from August 18 to August 22 and found that Trump had an approval rating of 46 percent, with 51 percent disapproving. "It means that Individual-1 needs a real lawyer", he said. The Cohen investigation was referred to federal prosecutors in NY by US special counsel Robert Mueller , who is looking into Russian interference in the 2016 election and possible co-ordination between Trump's Republican campaign and Russian officials.
  • Sears to Close Florence Mall Location

    Sears to Close Florence Mall Location

    Markets

    Sears said in a statement the stores on the closing list were "unprofitable". The Sears stores in Salem and Manchester are on the troubled retail giant's new list of stores slated for closing. The July announcement was made in a blog post by CEO Eddie Lampert. The 10,340 square-foot auto center is also up for lease. Eastland Mall is down to a single anchor, that being Kohl's Department Store.