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Trump aide: Canada trade row a 'family quarrel', Trudeau overreacting

Trump aide: Canada trade row a 'family quarrel', Trudeau overreacting

A senior aide to U.S. President Donald Trump described trade frictions with Canada on Sunday as a "family quarrel," and brushed aside concerns expressed by Canadian Prime Minister Justin Trudeau. "I think he's overreacting," White House economic adviser Larry Kudlow said of Trudeau on...

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Iran gives Total two months to seek US sanctions exemption

Iran gives Total two months to seek US sanctions exemption

French oil major Total has two months to seek exemption from U.S. sanctions after Washington's withdrawal from the international nuclear deal, Iran's oil minister told state news agency SHANA on Wednesday. The minister, Bijan Zanganeh, added that failure to secure an exemption would...

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Turkey central bank rate overhaul boosts lira

Turkey central bank rate overhaul boosts lira

Turkey's central bank said Monday it would complete moves to simplify monetary policy, sparking a strong rally in the country's currency. "A decision has been made to finalize the simplification process regarding the operational framework of the monetary policy," the bank said in a...

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Despite efforts to stop lira fall, Turks still worried

Despite efforts to stop lira fall, Turks still worried

After the embattled Turkish lira weakened against the US dollar this week, Turks remain troubled over the economy despite the government's reassurances. The lira's drama worsened on Wednesday when Japanese investors sold Turkish assets, after comments by President Recep Tayyip Erdogan...

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Turkish currency hits record low amid Erdogan concerns

Turkish currency hits record low amid Erdogan concerns

Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. The lira dropped to over 4.80 per dollar on Wednesday, down some 5 percent since Tuesday. The Turkish...

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US confirms suspension of trade tariffs against China

US confirms suspension of trade tariffs against China

US Treasury Secretary Steven Mnuchin confirmed Sunday that Washington and Beijing had agreed to back off from imposing tariffs on each other, a day after reaching an accord on slashing the American trade deficit with China. "We have made very meaningful progress and we agreed on a...

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Russia's Economy Ministry says US has refused to discuss tariffs: Ifax

Russia's Economy Ministry says US has refused to discuss tariffs: Ifax

Russia's Economy Ministry said Friday that the United States has refused to discuss its steel and aluminium tariffs with Russia within the framework of the World Trade Organization (WTO), Interfax news agency reported. The ministry also plans to inform the WTO that it may introduce...

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BMW expands UK vehicle recall to 390,000 cars

BMW expands UK vehicle recall to 390,000 cars

BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven. "BMW has chosen to expand on its existing battery connector...

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Germany orders Porsche recall over diesel emissions cheating

Germany orders Porsche recall over diesel emissions cheating

 German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified worldwide. "Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,000 Macan cars sold by the...

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German minister tells carmakers to speed up diesel refits, pay for it

German minister tells carmakers to speed up diesel refits, pay for it

German Environment Minister Svenja Schulze urged carmakers to speed up technical refits of diesel cars to improve air quality after the European Commission said Thursday it was taking Germany to court for breaching air targets. "If we are to survive in court, we need more and faster...

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HSBC to cement lead in Saudi Arabia with $5 billion merger

HSBC to cement lead in Saudi Arabia with $5 billion merger

HSBC Holdings PLC is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group PLC’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi...

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Turkey's lira slides after Erdogan says wants greater economic control

Turkey's lira slides after Erdogan says wants greater economic control

Turkey's lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Recep Tayyip Erdogan said he plans to take greater control of the economy after elections next month. Erdogan's comments, in an interview with Bloomberg...

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Yemen's Aden refinery seeking 150,000 tons of oil products

Yemen's Aden refinery seeking 150,000 tons of oil products

Yemen's Aden refinery is seeking 150,000 tons of oil products for the local market in two separate tenders, the state news agency SABA said Sunday. The refinery is seeking 30,000 tons of unleaded petrol and 30,000 tons of diesel in its first tender, as fuel supplies ran low because of...

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U.S. court revives challenge to Seattle's Uber, Lyft union law

U.S. court revives challenge to Seattle's Uber, Lyft union law

(Reuters) - A U.S. appeals court on Friday revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc UBER.UL and Lyft to unionize. The San Francisco-based 9th U.S. Circuit...

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Oil could hit $100 a barrel in 2019: Bank of America

Oil could hit $100 a barrel in 2019: Bank of America

There is a risk of crude oil prices hitting $100 per barrel next year due to tightening of supply and demand balance in global oil market, investment banking giant Bank of America Merrill Lynch said in a report Thursday. Oil prices have been rising in the past few weeks due to worries...

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Saudi to supply oil to fuel-starved Sudan: minister

Saudi to supply oil to fuel-starved Sudan: minister

Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country's oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black market prices surging in Khartoum as...

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Air France's stock sinks as government warns on its future

Air France's stock sinks as government warns on its future

Air France's share price dived Monday after its CEO quit and the French government warned that the country's flagship carrier might collapse. A new strike Monday over wage demands, meanwhile, prompted the cancellation of about 15 percent of Air France flights worldwide. The number of...

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Libyan foreign minister meets senior Russian official in Moscow

Libyan foreign minister meets senior Russian official in Moscow

Libya's Foreign Minister Mohammad Taher Siala discussed the conflict in his country with the secretary of Russia's security council on Thursday in Moscow, the council said. Siala and Nikolai Patrushev also discussed counter-terrorism measures, the statement said.

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Iranian site severely damaged by Israeli airstrikes: satellite images      Deal reached to evacuate pro-regime Syria towns: activist group      Israel prepared for ‘any scenario’ in Gaza: Netanyahu      Nearly 270 undocumented migrants held across Turkey      Iran resumes air flights to Iraq’s Najaf      Assad forces take strategic hilltop in southwestern Syria      After reprieve, Britain's May faces Brexit battle in parliament on trade      Russian establishment chalks up Trump summit as a win for Putin