Turkey's currency tumbled further Friday, hitting record lows two days in a row. The Turkish lira dropped to a historic low of 7.3677 against the dollar before recovering slightly. The lira is down about 19 percent versus the US currency since the beginning of the year. The drop is...

World stocks ended four days of gains Friday after US. President Donald Trump cranked up simmering tensions with China by banning US transactions with two popular Chinese apps, Tencent's WeChat and ByteDance's Tiktok. Chinese stocks led losers in Asia and its currency slumped after Trump...

Turkey's lira Thursday set a new record low against the US dollar as investors worried about the government's economic policies and dollar reserves appeared to be running low. The lira was trading at 7.28 against the greenback around suffering a loss of more than 3 percent since the start...

Oil prices were mixed on Thursday as the falling U.S. dollar offset some of the concerns that fuel demand could stall because of rising global coronavirus infections. U.S. West Texas Intermediate (WTI) crude CLc1 futures were down 8 cents, or 0.19%, to $42.11 a barrel by 0710 GMT while...

Instagram on Wednesday added a new short-form video feature to the image-focused platform in a direct challenge to TikTok, which is in the crosshairs of US President Donald Trump. "Reels" lets users record videos of up to 15 seconds and provides tools for editing, audio and effects,...

Oil prices rose to their highest since early March on Wednesday after data showed a big drop in U.S. crude inventories, although concerns that mounting coronavirus infections will lead to reduced fuel demand capped gains. Brent crude was up $1.03, or 2.3%, at $45.46 a barrel by 0951 GMT,...

European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States. Strong US manufacturing data boosted sentiment through the Asian session, even as...

US President Donald Trump said Monday the US government should get a "substantial portion" of the sales price of the US operations of TikTok and warned he will ban the service in the United States on September 15 without a sale. The turnaround came after Trump Friday he said he was planning...

Iran’s main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. The Tehran Stock Exchange’s benchmark TEDPIX index gained 46,844 points in early trading, the official IRNA news agency...

Apple shares surged as much as 7.1% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s largest public company. Shares of the company rose to a record high of $412 in early trading. Closing at...

Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...

The dollar extended its dramatic fall Friday, putting it on course for its biggest monthly drop in a decade as investors fretted that a rebound in the US economy would be derailed by the struggle to stem the coronavirus epidemic. Weakness in the US currency propelled the euro higher, with...

The US economy shrank at a dizzying 33% annual rate in the April-June quarter - by far the worst quarterly plunge ever - when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday. The Commerce...

China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter, industry tracker Canalys said Thursday. Canalys said the embattled firm, which is facing US sanctions, shipped 55.8 million devices -- overtaking Samsung for the first time,...

Iraq’s government agreed to sign a contract with JGC Corp to build a 55,000 barrels per day refinery in the southern region of Basra, the oil ministry said in a statement on Wednesday. The refinery will produce fuels including liquified petroleum gas, gasoline and gasoil, it said,...

Oil prices rose on Wednesday after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains. Brent crude futures LCOc1 rose 54 cents, or 1.3%, to $43.76 a barrel by 0923 GMT. U.S. West Texas Intermediate...

First Abu Dhabi Bank, the United Arab Emirates' biggest lender, said Tuesday its net profits for the second quarter and first half of 2020 had plunged due to the impact of coronavirus. FAB's net profit for the second quarter of this year dropped 25 percent to $657 million compared to $872...

Turkey could pause energy-exploration operations in the eastern Mediterranean Sea for a while pending talks with Greece, presidential spokesman Ibrahim Kalin said Tuesday. In an interview with broadcaster CNN Turk, Kalin said President Tayyip Erdogan had requested that operations be put on...

Wall Street is in the throes of a gold rush, as investors drive the price of the precious metal to new heights. Gold has been the best investment of the year so far. The price of the precious metal has climbed nearly 27% this year, more than triple the return of the largest US bond funds...

Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China. Brent crude LCOc1 rose 32 cents, or 0.7%, to $43.66 a barrel by 1205 GMT, while U.S. West...