Money

Money Sports Direct wrangles with House of Fraser suppliers
Author: 0 Sports Direct wrangles with House of Fraser suppliers

House of Fraser's website has been down since Wednesday. The department store chain was bought out of administration by Mike Ashley's Sports Direct last week, but the retail tycoon is not paying suppliers money owed before his rescue.

Money Trump wants to replace quarterly SEC filings with half-yearly reports
Author: 0 Trump wants to replace quarterly SEC filings with half-yearly reports

Nooyi issued a statement on Friday about the conversation with the president, saying that many market participants "have been discussing how to better orient corporations to have a more long-term view". The SEC is an independent agency, and the president can not force it to implement rule changes. A spokeswoman for Chairman Jay Clayton did not respond to a request for comment.

Money Tesla board scrambles to rein in Elon Musk
Author: 0 Tesla board scrambles to rein in Elon Musk

The subpoena from the Securities and Exchange Commission demands information from each of Tesla's nine directors, according to a story published on Wednesday in The Wall Street Journal . The "Saudi sovereign fund has more than enough capital needed to execute on such a transaction", he suggested. According to Bloomberg , the Saudi Fund disclosed in March that it hired Washington law firm Akin Gump Strauss Hauer & Feld LLP to lobby for approval of acquisitions in the USA, with a focus ...

Money Turkey crisis: Mighty dollar makes borrowers shake
Author: 0 Turkey crisis: Mighty dollar makes borrowers shake

Albayrak said Turkey's banks are "healthy and strong" and that implementing structural reforms and maintain tight monetary policy to fight inflation remain a priority. Brunson". He has tightened his grip since consolidating power after general elections this year. On Wednesday, in retaliation, Turkey increased tariffs on several USA -origin products, including alcohol and tobacco products and cars.

Money China Project
Author: 0 China Project "Unclear", Sundar Pichai Tells Google Staff After Concerns

The letter is similar to one thousands of employees had signed in protest of Project Maven , a United States military contract that Google decided in June not to renew. After those discussions, a company official suggested changing the topic because the executives' comments were already being leaked online, one of the people said.

Money Clydebank rail commuters to see fares rise 3.2 per cent
Author: 0 Clydebank rail commuters to see fares rise 3.2 per cent

The RMT union said it opposed Mr Grayling's call - made hours before January's rail fare rise is announced. The rise in January affects about 40% of fares, including season tickets on most commuter routes, some off-peak return tickets on long-distance journeys and anytime tickets around major cities.

Author: 0 United States threatens new sanctions, Turkey vows to respond

Treasury Secretary Steven Mnuchin said additional US sanctions are ready if Turkey refuses to release an American pastor whom the Trump administration says is illegally detained. In a conference call with thousands of investors and economists, Albayrak - who is President Tayyip Erdogan's son-in-law - said Turkey fully understood and recognized all its domestic challenges but was dealing with what he described as a market anomaly.

Money White House denounces Turkey tariffs on United States products
Author: 0 White House denounces Turkey tariffs on United States products

The growing tensions between Washington and Ankara have sent the Turkish currency tumbling to historic lows. The Turkish lira hit a record low of 7.24 to the dollar this week, down 40 per cent this year, as investors fretted over Erdogan's influence over monetary policy and the dispute with the United States.

Money China Blasts US Solar Tariffs
Author: 0 China Blasts US Solar Tariffs

US President Donald Trump approved in January recommendations to impose a safeguard tariff on solar imports of 30% that will be reduced to 25% in the second year, 20% in the third, and 15% in the fourth. "I think China chose to bring it up in order to keep up the rhythm of the trade dispute", she said. On July 6, USA tariffs on 34 billion dollars of Chinese goods came into force, and China responded by enacting tariffs on 34 billion dollars of goods it buys from the United States.

Money Rescue work goes on in Italy after deadly bridge collapse
Author: 0 Rescue work goes on in Italy after deadly bridge collapse

Salvini declined to say how many people are still missing, and he added that trying to locate them was particularly hard, due to the holiday. Coffins carrying the victims of the Genoa bridge collapse began to be laid out in a hospital chapel on Thursday (August 16) with grieving relatives huddled next to their loved ones.

Money Marijuana will sell in online stores
Author: 0 Marijuana will sell in online stores

In terms of this decision's impact on the commercial real estate market, the province has reiterated its commitment to crack down on illegal dispensaries - which means every physical location selling cannabis anywhere in the province, even after October 17.

Money Qatar Rescues Turkey With $15 Billion
Author: 0 Qatar Rescues Turkey With $15 Billion

The lira´s fall had raised fears Turkey was on the verge of a fully-fledged economic crisis, especially in its banking system, that could spill over into Europe and other markets. Washington warned more economic pressures may be in store for Turkey if it refuses to release Brunson, a White House official said on August 15. Finance minister Berat Albayrak told more than 3,000 worldwide investors and economists on a video conference that Turkey would emerge stronger from the crisis.

Money Trump's latest boost to the dollar: U.S.-Turkey spat
Author: 0 Trump's latest boost to the dollar: U.S.-Turkey spat

Behind the scenes, however, diplomatic dialogue appears to have resumed. In New York Tuesday, the Dow, S&P 500 and the Nasdaq all posted gains of at least half a per cent, as fears eased that the problems with the lira might affect other emerging economies and currencies .

Money Qatar promises $15 billion investment in Turkey
Author: 0 Qatar promises $15 billion investment in Turkey

The tit-for-tat tariffs came amid Turkey's rejection of a US demand that it release American pastor Andrew Brunson , detained on espionage and terrorism-related charges. Turkey is increasing tariffs on imports of certain American products, escalating a feud with the United States that has helped trigger a currency crisis .

Money United Kingdom jobless rate falls to lowest since 1975 but pay growth weakens
Author: 0 United Kingdom jobless rate falls to lowest since 1975 but pay growth weakens

A report, published by the Office of National Statistics , has shown that unemployment rates are at their lowest since 1975 and productivity across the board has improved. The figures showed that productivity also grew with the number of people whose main job was a zero-hours contract falling by the most since 2000. It also said the number of people aged 16 to 64 who were not working, looking for work or available to work - what is known as "economically inactive" - increased by 77,000 from ...

Money Canopy Growth marijuana stock surges after new Constellation stake
Author: 0 Canopy Growth marijuana stock surges after new Constellation stake

Molson Coors Brewing earlier this month said its Canadian arm would make cannabis-infused drinks with Hydropothecary Corp. In a press release issued early this morning, Constellation Brands , a leading beverage alcohol company, announced a significant expansion in its strategic partnership with CGC to position the company as a global leader in cannabis production, branding, intellectual property and retailing.

Money Russia Backs Non-dollar Trade With Turkey
Author: 0 Russia Backs Non-dollar Trade With Turkey

The currency tumbled to a record low of around 7.20 lira against the dollar late on Sunday after President Recep Tayyip Erdogan warned of drastic measures if businesses withdraw foreign currency from banks. The summit focusing on Syria and the wider region will be held in Istanbul on September 7 with participation of the most senior representatives from Turkey, Russia, France a nd Germany.

Money Global markets wrap: Turkey crisis piles pressure on Asian shares
Author: 0 Global markets wrap: Turkey crisis piles pressure on Asian shares

Erdogan also said Turkey was boycotting USA electronic products. "There is a price we're paying for the period we're in", Erdogan said, referring to his country's plummeting currency . As Turkey faces a serious financial meltdown, there are several Taiwanese businesses with a significant presence in the Turkish market, that are taking measures to mitigate expected losses in response to the new sanctions and tense political environment developing in Turkey.

Money China Is Sending a Trade Envoy to Washington Amid Tariff Dispute
Author: 0 China Is Sending a Trade Envoy to Washington Amid Tariff Dispute

The delegation led by a deputy commerce minister will visit in late August to discuss "issues of mutual concern", the Commerce Ministry announced Thursday. "If they were determined to fight it out, they wouldn't meet", he told AFP. Donald Trump's administration is threatening further tariffs on $200bn of Chinese goods, in a bid to pressure United States companies to bring production back to the US.

Money Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol
Author: 0 Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

The Trump regime imposed financial sanctions on Friday against two Turkish government officials and doubled steel tariffs to 50 per cent and aluminium tariffs to 20 per cent in retaliation for the pastor's detention. "Pastor Andrew Brunson is an innocent man held in Turkey & justice demands that he be released". "Recent developments in the U.S. -Turkey relationship threaten both countries' economic interests and put at risk an alliance that has proven its value over decades", said ...

Money Bitcoin dominance reaches 50% for the first time in 2018
Author: 0 Bitcoin dominance reaches 50% for the first time in 2018

The Bitcoin once again came to the threshold level at $6000 losing more than 6% in the past 24 hours. As per the global charts on CoinMarketCap , the cryptocurrency market has dipped to a low of $189 billion which is the lowest in the last nine months since November 2017.

Money Killed in Bridge Collapse in Genoa
Author: 0 Killed in Bridge Collapse in Genoa

A vast span of the Morandi bridge collapsed in the northern port city on Tuesday, sending about 35 cars and several trucks plunging 45 metres (150 feet) onto railway tracks below. The bridge sees some 25 million vehicles every year, and a 2011 report by an Italian highways company said that the bridge had been suffering from degradation.

Author: 0 Turkey doubles tariffs on some USA imports over economy 'attacks'

Also helping the currency were moves by Turkey this week to gain favor with European countries, including releasing two Greek soldiers and an Amnesty International human rights campaigner from prison. "The US is our major trade partner but it's not the only one", Pekcan, the trade minister, was quoted as saying by the official Anadolu news agency .

Author: 0 Turkey issues retaliatory tariffs on United States imports

The announcement on Wednesday came after the emir held talks with Turkish President Recep Tayyip Erdogan in Ankara, Turkey's capital. Turkey has doubled tariffs on some USA imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate USA attacks on the Turkish economy.

Money Fired White House aide: 'I will not be silenced'
Author: 0 Fired White House aide: 'I will not be silenced'

In his tweet , Trump praised chief of staff John Kelly for firing Manigault Newman previous year. The White House has since defended President Trump after he called the former aide a "dog" . Largely self-serving, it describes the daily firefighting of life on the Trump campaign and then in the White House. Manigault Newman has been associated with Trump for more than a decade.

Money Setback for US Pastor Brunson as Turkey Retaliates Against Trump
Author: 0 Setback for US Pastor Brunson as Turkey Retaliates Against Trump

In a direct threat against the White House , Erdoğan warned U.S. president Trump, who signed off the sanctions, of unspecified consequences for punishing Turkey . Ferit Temur, an Ankara-based policy analyst on Russian Federation and Eurasia, also said Erdogan's speech demanding the United States abandon its hostile policy towards Turkey and threatening to form new alliances with the East was "a routine, weak political act".

Money China Stops Approving New Games for Sale
Author: 0 China Stops Approving New Games for Sale

China has frozen all approvals of game licences amid a government shakeup. Industry executives have said many games in China, and not just those belonging to Tencent, have since March faced a hiatus in license approvals after China revamped its content regulatory body and divided its powerful State Administration of Press, Publication, Radio, Film and Television earlier this year.

Money Turkey doubles tariffs on some United States goods amid rising tensions
Author: 0 Turkey doubles tariffs on some United States goods amid rising tensions

In a direct threat against the White House, Erdoğan warned USA president Trump, who signed off the sanctions , of unspecified consequences for punishing Turkey. then we will be in the position of having surrendered to the devil", Erdogan said. "Significantly more than just official promises of action are needed to exit the current crisis ", said Andy Birch, principal economist at IHS Markit, calling for "a sharp central bank rate rise".

Author: 0 Turkey raises tariffs on some USA imports in response to economic 'attacks'

Erdogan says Turkey is the target of an economic war, and has made repeated calls for Turks to sell their dollars and euros to shore up the national currency. The tariffs come a day after Erdogan said Turkey would boycott US electronic goods, singling out iPhones . He suggested Turks would buy local or Korean phones instead of US-made iPhones, though it was unclear how he meant to enforce the boycott.