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China minister says trade war with US would be 'disaster'

BEIJING (AP)- China said Sunday that it will not initiate a trade war with the United States, but vowed to defend its national interests in the face of growing American protectionism. "There are no winners in a trade war, and it would bring disaster to our two countries as well as the...

Turkish banking sector net profit up over 20 pct in Jan

Turkish banking sector posted a 4.5 billion Turkish lira ($1.2 billion) net profit in January this year, according to the Banking Regulation and Supervision Agency (BDDK) on Friday. In January, the net profit of the sector recorded a 22.7 percent rise year-on-year, compared to 3.7...

China accuses Trump of damaging global trade with tariffs

BEIJING (AP)- China's government says it "firmly opposes" U.S. President Donald Trump's tariff increase for imported steel and aluminum but has given no indication whether Beijing might impose its own measures in response. A Commerce Ministry statement on Friday accused Trump of...