• Turkey's central bank raises interest rate to 24%

    Turkey's central bank raises interest rate to 24%

    Markets

    All 11 economists in a Reuters poll had forecast the bank would tighten, with the predictions ranging between 225-725 basis points as it balances concerns over the lira's weakness with worries about a sharp economic slowdown. Dollar-denominated bonds issued by the Turkish government rose across the curve. "Erdogan´s speech. was meant to put distance between himself and the (bank´s) decision".
  • Freeland to head back to Washington for high-level NAFTA negotiations

    Freeland to head back to Washington for high-level NAFTA negotiations

    Markets

    Freeland spent three days in Washington last week and said on Friday as she prepared to leave that she and Lighthizer were making very good progress in some areas, although a deal remained out of reach. The two sides have so far been unable to resolve their differences over USA access to the Canadian dairy market, a cultural exemption for Canada and the Chapter 19 dispute resolution mechanism .
  • Aussie gold mine produces rare find worth over 10 million U.S. dollars

    Aussie gold mine produces rare find worth over 10 million U.S. dollars

    Markets

    Speaking with ABC News , geologist Zaf Thanos heralded the discovery as remarkable, telling the news organization that most gold discoveries in mines across the world are only visible under a magnifying glass. But now the real question for RNC's owners: To sell or not to sell? "I reckon we're just on the fringe of it... and if we get deeper I reckon we'll find more".
  • Putin, Xi make pancakes together

    Putin, Xi make pancakes together

    Markets

    Chinese President Xi Jinping arrived on Tuesday in Vladivostok - a coastal city in Russia's resource-rich "far east" - to discuss plans with his Russian counterpart Vladimir Putin for developing the region. In Moscow, Deputy Foreign Minister Igor Morgulov told Russian news agencies that Putin's announcement would not require any changes to the current format of negotiations.
  • New iPhone Names, Colours and Storage Details Leaked From Apple.com

    Markets

    The file confirms that the names of all three new Apple iPhones - the iPhone XS, XS Max, and XR . Finally, a 6.1 inch iPhone Xr is expected, and this is slated to be the go-to model. It will cost much less than the Xs and Xs Max, predicted to be around $600. First of these iPhone leaks is the image you see above. If true , dual SIM card capacity would likely feature in the larger handset.
  • IPhone XS, XS Max, and XR names confirmed in Apple sitemap code

    IPhone XS, XS Max, and XR names confirmed in Apple sitemap code

    Markets

    The new iPhone variants are likely to be called iPhone Xs, iPhone Xs Max and iPhone XC, or iPhone Xr . Although Apple has not yet confirmed any of its new products it seems there could be plenty to be excited about. AirPower Wireless Charging Mat - this was announced quite a while ago , and should have launched in the spring. The iPhone XS Max may become the talk of the town if one were to go by rumors and speculations.
  • 'Big and vicious': Hurricane Florence closes in on the US East Coast

    'Big and vicious': Hurricane Florence closes in on the US East Coast

    Markets

    It stretches 340 miles across, according to the National Hurricane Center (NHC). "It's one of those situations where you're going to get heavy rain, catastrophic, life-threatening storm surge, and also the winds". Greg Cook carries belongings to a van as he evacuates days before the arrival of Hurricane "Florence" at Wrightsville Beach, North Carolina, on September 11, 2018.
  • Top White House economist fact-checks Trump on GDP claim

    Top White House economist fact-checks Trump on GDP claim

    Markets

    Another prominent Trump ally who contradicted the president's claim was the chairman of the Council of Economic Advisers, Kevin Hassett . Companies are much more optimistic and have increased spending on buildings and equipment, Hassett said .
  • McMaster lifts evacuation order for 3 coastal SC counties

    McMaster lifts evacuation order for 3 coastal SC counties

    Markets

    A new National Hurricane Center map predicting the likelihood of tropical storm-force winds stretches from northern Florida to eastern Kentucky and OH, and even up to the New York City area - although there's only a 5% to 10% chance of those conditions stretching that far north.
  • Ford Rules Out Making Focus Active Wagon In The U.S.

    Ford Rules Out Making Focus Active Wagon In The U.S.

    Markets

    So far it is not clear if the tariffs will go through. Analyst Wamsi Mohan said that if Apple moves 10% of its iPhone assembly to the USA, prices will rise by 8%. The latest battle between President Donald Trump and an American company pits the president against Apple. The company said tariffs would hit "a wide range of Apple products", including computers, watches, adapters, chargers and tools used in its USA manufacturing, fix and data centers.
  • Ford rules out building Focus Active in US

    Markets

    Tariffs ". We believe Apple could ask Hon Hai and Pegatron to shift a small portion of their iPhone manufacturing to the USA in response to President Trump's request. If Ford sold fewer than 50,000 Focus Active wagons per year, it would run a USA factory on only one shift per day, which isn't cost-effective, Dziczek said.
  • Trump intensifies trade war, threatens duties on nearly all imports from China

    Trump intensifies trade war, threatens duties on nearly all imports from China

    Markets

    Stocks dipped after Trump's comments became public but recovered most of their losses. "We expect this period of finalization will take at least two weeks, based on prior rounds of tariffs, and see the potential for some items to be removed or dropped to lower tariff rates (down from the current threat of 25 percent to the original tariff rate of 10 percent, for instance)".
  • China promises to retaliate if U.S. imposes more tariffs

    Markets

    Hong Kong's Hang Seng index slipped 1.3 percent. Kristin Dziczek of the Center for Automotive Research said that Ford can make Focuses "in many other plants around the world, so if they made a decision to continue to sell a Focus variant in the USA market, there are several options other than building it in the United States".
  • After Rajasthan, Andhra Pradesh slashes fuel prices by Rs 2 per litre

    After Rajasthan, Andhra Pradesh slashes fuel prices by Rs 2 per litre

    Markets

    Naidu accused the NDA government at the Centre of misleading the people by attributing the steep hike in the prices of petrol and diesel to growing crude oil prices globally. dollar, making imports costlier. However, Finance Minister Arun Jaitley denied the request saying worldwide oil prices volatile and haven't shown any linear movement.
  • Tesla shares dive after two executives quit and Elon Musk cannabis interview

    Tesla shares dive after two executives quit and Elon Musk cannabis interview

    Markets

    After Musk announced August 7 that he meant to take Tesla private at $420 a share, there was speculation that the billionaire was referring to marijuana when he tweeted because "420" is a coded reference for marijuana. Tesla's chief accounting officer, Dave Morton , said he was leaving after considering the level of attention Tesla has received and the "pace within the company".