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Turkey boosts lira as central bank surprises markets with big rate hike

The Turkish lira has lost more than 75% of its value against the dollar since January, pushing up the cost of a wide variety of goods. "Accordingly, the Com...

US ‘Likely’ Has Taken Over as the World’s Top Oil Producer

If those estimates are right, it would mark the first time since 1973 that the USA has led the world in output, according to government figures. US oil produc...

Sports Direct board has 'discussed combining Debenhams and House of Fraser'

Meanwhile Wolverhampton Council has confirmed it is continuing its own talks with the landlords who own the Beatties site in the city centre. But he added: "I...

Mnuchin Offers China Yet Another Chance to Negotiate Ahead of Tariffs

They plan events in Chicago, Nashville, Pennsylvania and OH starting next week, according to a statement posted on a new website. "Every sector of the USA e...

Despite Trump’s tweet, Ford says it won’t make hatchback in US

President Donald Trump has continued to target China, recently announcing that he is ready to levy tariffs on basically all of the goods that the Chinese import...

Turkish lira hits new high amid rate hike talk

Rental and sale agreements in Turkey are often offered in euros and dollars to foreigners living in the country. "Around 70 percent of the rental contracts ...

Exclusive Images Of Vijay Mallya’s Cell In Arthur Jail

Former BJP leader Yashwant Sinha, a former union finance minister who has been critical of Jaitley and his handling of the ministry, said the entire BJP leaders...

Household incomes rise to new high, but rate of health coverage flattens

The Census data showed that median household income increased in 2017 to $61,372, an increase of 1.8 percent after taking inflation into account, and is conside...

Putin tells Shinzo Abe: "Let's sign peace deal this year"

The dispute between Russian Federation and Japan centres on four islands in the strategically-located Kuril chain which the Soviet Union occupied at the end of ...

Apple can avoid tariffs by shifting production to US

Kristin Dziczek of the Center for Automotive Research said that Ford can make Focuses "in many other plants around the world, so if they chose to continue to se...

Mark Carney will lead Bank of England through Brexit

Speaking in parliament, chancellor Hammond said that he wanted to extend Carney's stay in order, "to ensure continuity during what could be quite a turbulent pe...

USA incomes rose but inequality widened in 2017

The median USA household earned $61,400 a year ago, meaning half of the families in the country brought in more income than this and half earned less. The Censu...

JPMorgan CEO Jamie Dimon on Trump: My wealth no "gift from daddy"

Dimon, 62, has said publicly in the past he will not run for president and does not have the temperament for the job. But he flaunted his business success in ...

How to watch Apple's 2018 iPhone keynote announcement - Stream, schedule, info

And on Wednesday morning, another blogger found a confirmation for the phone's model numbers in the sitemap of Apple's website . We already saw leaks of a du...

China threatens RETALIATION after Trump warns of fresh tariffs in trade war

In the period in-between, Apple warned in a letter sent earlier this month to the US exchange consultant that a attainable fresh round of tariffs would "a...

Leaked iPhone Xr SIM card trays reveal new color options

So you're stuck watching the whole thing. The names have since been removed, but nevertheless the leak seemingly confirms what we'll be seeing in Apple's livest...

Oil pushes past $80 as Iran fears mount

Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in USA crude inventories and as the prospect of the loss of Irani...

Hurricane Florence prompts mass evacuations

ET Wednesday. Coastal residents fleeing a potentially devastating blow from Hurricane Florence encountered empty gasoline pumps and depleted store shelves as ...

Petrol, diesel prices scale new highs on rupee woes

Naidu said. "National fiscal deficit determines bond yield and with a higher fiscal deficit the rupee becomes shakier", the official said. "This is the real eff...

Apple could be tax free if it makes products in the US

Trump declared victory on Sunday, writing : "This is just the beginning". Apple added that computer parts for its USA operations would be hit by the tariffs. I...

Read: Full Text of Raghuram Rajan's Note to Parliamentary Committee on NPAs

In a note to Parliamentary panel, Rajan attributed the mounting non-performing assets (NPAs) to over optimistic bankers, slowdown in government's decision-mak...

Hurricane Florence will be "devastating", FEMA chief says

An hour later, at noon, the agency tweeted that Florence had grown again to a Category 4, with maximum sustained winds near 130 mph. Storm Surge: While the ...

Former spokesperson: Obama should take credit for economy

And at some point somebody probably conveyed it to him adding a zero to that and they shouldn't have done that". "And it's not surprising then they get bitter, ...

Trump mocks Obama for doubting his economic plan

Kevin Hassett , chairman of the White House Council of Economic Advisers, also shot down the president's claim, later quipping about yet another Trump tweet t...

Judge strikes down bill to reduce Toronto council size

Coun. Kristyn Wong-Tam tweeted that an appeal for the province would be a "steep uphill climb". That's exactly what the Progressive Conservatives are going to...

Alibaba founder Jack Ma to step down as chairman in September 2019

He will also continue as a member of Alibaba Group's board of directors until annual general meeting of shareholders in 2020. Chinese billionaire Jack Ma ...

Trump's tweet doesn't convince Ford to build small crossover SUV in US

The tweet followed a letter Apple sent to the Trump administration saying that the proposed $200 billion tariffs on Chinese-made products would result in m...

Chrystia Freeland to resume NAFTA negotiations with U.S.

The United States is seeking to water down or eliminate Chapter 19, which provides for binding arbitration decisions to settle disputes. "We've taken those hi...

White House Corrects Trump’s Tweet on GDP, Unemployment

Even Fox News wasn't buying Trump's tout this time. Twitter had fun with Trump's fake news - and the takedown by Fox. Hassett told skeptical reporters tha...

Man mass e-mails Nicoles at University of Calgary to make love connection

The man, known only as Carlos, says he took a young woman named Nicole and her friend home on Thursday night. Now, the Nicoles have a Facebook group - " Nicol...