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Stories about Money

Aug 17 2018

China Is Sending a Trade Envoy to Washington Amid Tariff Dispute

A Chinese delegation led by Vice Commerce Minister Wang Shouwen will meet with an American group led by David Malpass later this month. China announced Thursday that it...

Aug 17 2018

US tariffs to stay on Turkey, Qatar offers Ankara aid

Coal, fruit, rice, and other USA products will also be hit by higher tariffs. On Tuesday, President Recep Tayyip Erdogan said Turkey would boycott United States e...

Aug 15 2018

Turkey tries to contain crisis but currency keeps falling

Tayyip Erdogan made the remarks as the lira slides in response to an ongoing dispute with the U.S. over the detention of an American pastor. That hardware retailer's net ...

Aug 15 2018

Death toll in Genoa bridge collapse rises to 35

The death toll from the incident is expected to rise, with Italy's interior minister Matteo Salvini claiming that "around 30" were dead and some local media quoting the f...

Aug 15 2018

Erdogan says Turkey to 'boycott' United States electronic goods

The dollar has hit another 13-month high against a basket of major currencies today, as safe-haven demand over fears of fallout from the Turkish lira's recent drop ...

Aug 14 2018

Elon Musk sued over proposal to take Tesla private

The share price later fell. "Ask TSLA to show you the agreement (s) signed by their funding source (s) by 5 pm EST that demonstrates funding is "secured" and 'certain...

Aug 14 2018

Turkey lira crisis highlights emerging currencies plight

The dispute with the United States has centered on the continued detention of an American pastor who is on trial for espionage and terror-related charges. "We fail to see...

Aug 11 2018

Horizon Airlines Plane employee steals plane, crashes it

Pierce County Sheriff's spokesman Ed Troyer said information was sketchy and preliminary regarding the developing incident. The unauthorized pilot was described by the ...

Aug 11 2018

Higher US tariffs increase pressure on Turkish economy

President Trump has doubled U.S. tariffs on Turkish steel and aluminium, as the precipitous fall of the Turkish lira accelerates. The White House said Mr Trump h...

Aug 10 2018

Iran clients tweaking U.S. sanctions as $90 oil looms

China , which is already in the midst of a trade tirade with Washington has refuted the U.S. sanctions on Iran . The weakness was pronounced at China's independent ...

Aug 10 2018

Populist buck a beer the PC version of saloon free lunch

The number of small craft breweries in Ontario has exploded since buck-a-beer was last allowed, including in Southwestern Ontario where some breweries have made their ope...

Aug 08 2018

Tesla share trading halted after Musk tweet boost

The furor over Musk's tweets has led to a halt on $ TSLA trading. Musk's tweet comes as Tesla faces continued pressure to ramp up output of the Model 3 sedan, ...

Aug 05 2018

Jobs report misses as unemployment rate slides near 18-year low

The US economy added 157,000 jobs in July - 33,000 fewer than expected and well below the 248,000 created in June. Thirty-seven percent of responding small business own...

Aug 05 2018

India's central bank raises key lending rate to 6.5 percent

The RBI's Monetary Policy Committee (MPC ) raised the repo rate by 25 basis points to 6.50 percent. With five out of the six members voting for the increase, the Mone...

Aug 05 2018

China refuses USA order to reduce oil imports from Iran

In order to pass through tough times ahead the returning U.S. sanctions, we need to promote our cooperation with global power like China , Russia, and the EU, Akhoundi s...

Aug 04 2018

Rise in US stockpile sees oil prices sink

A "witches' brew" of factors supposedly pointing towards a tightening crude market - despite massive output in July from the Organization of the Petroleum Exporting Coun...

Aug 04 2018

Trump could raise tariffs on $200 billion in Chinese goods

The blackmailing and pressure by the U.S. will never work on China if the USA take measures to further escalate the situation we will surely take countermeasures to firml...

Aug 03 2018

RBI increases repo rate by 25 bps to 6.50%, reverse repo unchanged

The rate action was in line with a Reuters poll last week, which showed 37 of 63 economists expecting a rate increase. The Bank's last move to raise rates in November...

Aug 03 2018

Apple Makes History As The World's First $1 Trillion Company

An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation ab...

Aug 02 2018

Elon Musk's apology to analysts he scorned sends Tesla stock soaring

The report notes the company expects that revenue to boost its available cash through the end of the year. Analysts polled by FactSet expected a $2.88 loss per share. T...