• 99.3% of demonetised currency returned to banks: RBI

    99.3% of demonetised currency returned to banks: RBI

    Money

    People wait for a bank to open to withdraw and deposit their money, after the scrapping of high denomination 500 and 1,000 Indian rupees currency notes, in Ahmedabad, India , December 5, 2016. "The PM had promised that black money, terror funding, and fake currency will be eradicated", Congress chief Rahul Gandhi, the fourth-generation politician from the fabled Nehru-Gandhi dynasty, told a news conference.
  • Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

    Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

    Money

    Some hours later, Unsworth's lawyer replied to the tweet with a picture of a letter sent to Musk informing him he would be sued for libel. Musk later apologised for the tweets, but yesterday seemed to backtrack by tweeting: "You don't think it's unusual he hasn't sued me?" Musk responded in a since-removed tweet: "We will make one of the mini-sub/pod going all the way to Cave 5 no problemo".
  • U.S., Mexico Agree to Weaken Rights to Dispute Trade Practices

    U.S., Mexico Agree to Weaken Rights to Dispute Trade Practices

    Money

    He declined to identify the issue. Trump said he was open to including Canada - "if they'd like to negotiate fairly". Jesus Seade, the Nafta representative for Mexican president-elect Andres Manuel Lopez Obrador , has predicted that the nations will agree on a softened version of a so-called "sunset clause", an automatic expiration after five years - a key United States demand.
  • Another Trump loyalist granted immunity as prosecutors close in on Trump business

    Another Trump loyalist granted immunity as prosecutors close in on Trump business

    Money

    Cohen pleaded guilty to campaign-finance violations and other charges on Tuesday . "According to the state attorney general of New York ", Unger noted, "that was money laundering". Lewandowski called Cohen the Trump Organization's "self-described fixer", but not one for the campaign. It is unclear whether Mr Weisselberg discussed Mr Trump , who Mr Cohen claimed had directed him to make the payments - effectively accusing the U.S.
  • Fed will do 'whatever it takes' for U.S. economy: Chairman Powell

    Fed will do 'whatever it takes' for U.S. economy: Chairman Powell

    Money

    Powell noted that the economy remained strong and anyone who wanted a job could find one. In an address, Powell stayed resolutely focused on the policy debate and the challenges facing the Fed's rate-setting Federal Open Market Committee (FOMC) and made it clear officials were focused on the economic data.
  • Trump Predicts His Impeachment Would Trigger Stock Market Crash

    Trump Predicts His Impeachment Would Trigger Stock Market Crash

    Money

    Cohen had fronted the cash, $130,000, to pay porn star Stormy Daniels for keeping quiet about a decade-old tryst with Trump. Cohen also pleaded guilty this week to violations to federal campaign laws, admitting in his plea that he recouped more than $400,000 from the Trump Organization stemming from a 2016 hush payment to adult film actress Stephanie Clifford.
  • Donald Trump’s bad week: President’s men turn against the President

    Donald Trump’s bad week: President’s men turn against the President

    Money

    President Donald Trump's former lawyer Michael Cohen , seen on the front page of AM New York newspapers outside of Trump Park Avenue on August 22, 2018 in New York City, where Cohen has an apartment. Mr Weisselberg, who has been at Mr Trump's side for four decades, is also treasurer of the Trump Foundation, the family charity under investigation for misuse of...
  • Trump bashes Fed chief Powell in interview with Reuters

    Trump bashes Fed chief Powell in interview with Reuters

    Money

    When asked if he believed in the Fed's independence, he refused to say yes, telling the reporter: "I believe in the Fed doing what's good for the country". Beyond criticizing the Fed for raising rates, there's little Trump can do about it. Trump since July has repeatedly criticised the Fed, an independent body that is not controlled by Congress or the president.
  • Gatwick Airport posts flight info on white boards after digital screens fail

    Gatwick Airport posts flight info on white boards after digital screens fail

    Money

    Staff resorted to writing out crucial information about gate numbers, flights times and delays by hand after an IT failure knocked out digital departure screens. Many frustrated passengers have taken to twitter to slam the airport for the chaotic scenes. Their statement also said "tens of thousands" of people still managed to depart on time.
  • PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

    PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

    Money

    Purchasing the Israeli company, known for DIY seltzer makers like the SodaStream Mix , will push Pepsi's image in a health-focused direction, according to CNN . Coca-Cola, for its part, said last week that it was buying a stake in BodyArmor, a maker of sports drinks that is endorsed by retired basketball star Kobe Bryant and offers a diet version of the drink is naturally sweetened.
  • Trump floats possibility of changing reporting requirements for publicly traded companies

    Trump floats possibility of changing reporting requirements for publicly traded companies

    Money

    By tweeting that the switch would give companies more flexibility and reduce costs, Trump waded into a long-running debate on how often companies should report . According to a CNN Money report, Trump said, "I'd like to see twice, but we're going to see". No. While the Securities Exchange Act of 1934 requires companies to report periodically, the SEC has the discretion to draw up or change the specific rules on how frequently this happens.
  • Turkey's president says country will defy economic threats

    Turkey's president says country will defy economic threats

    Money

    Erdogan has cast the tariffs, and the lira's sell-off, as an "economic war" against Turkey. "There was considerable risk aversion through the early part of the week with fears of Turkish contagion weighing on risk assets and that seems to have reversed somewhat here", said Karl Schamotta, a strategist at Cambridge Global Payments in Toronto.
  • China files WTO complaint against United States solar import tariffs

    China files WTO complaint against United States solar import tariffs

    Money

    On the other hand, China recently asked the United States to treat investors of the Asian giant objectively and precisely with regard to the recently signed the Foreign Investment Risk Review Modernization Act. Trump tweeted on July 20 . According to the Ministry of Commerce, Beijing wants to determine the legality of USA policies, as they harm China's rights and undermine the authority of the WTO.
  • Bold statements fuel U.S.-Turkey feud over arrested pastor

    Bold statements fuel U.S.-Turkey feud over arrested pastor

    Money

    Earlier this month, Washington imposed tough economic sanctions on Turkey's justice minister and interior minister for not releasing Andrew Brunson , an evangelical Presbyterian pastor from North Carolina. The latest U.S. announcement came after Turkish Finance Minister Berat Albayrak , the son-in-law of President Recep Tayyip Erdogan , sought to soothe markets during an unprecedented teleconference on Thursday with hundreds of foreign investors from the United States, Europe to Asia.
  • Turkish firms cancel iPhone orders amid U.S. products boycott

    Turkish firms cancel iPhone orders amid U.S. products boycott

    Money

    Sanders also criticized Turkey's imposition of tariffs on some USA goods as "regrettable and a step in the wrong direction". As NPR explained in a primer on the dispute , much of the ill will shared by Turkey and the USA stems not only from the back-and-forth on tariffs, but also from a diplomatic dust-up centered on two men of faith.
  • Turkey Slaps Retaliatory Tariff Hikes On Key Us Products

    Turkey Slaps Retaliatory Tariff Hikes On Key Us Products

    Money

    Lavrov held talks in Ankara with Turkish Foreign Minister Mevlut Cavusoglu days after the Turkish lira TRY= plummeted to an all-time low versus the U.S. The currency plunge raised concerns of a banking crisis and rekindled long-running worries about economic mismanagement. "Such trade liberalization would require time but it could support Turkey's exports".