Apple says buildings at its new billion-dollar headquarters worth just $200

US tech giant Apple became the first company to reach an historic $1 trillion in market capitalization recently, but it still doesn’t like paying more taxes, according to recent reports. Apple has been at odds...

Absurd to predict China may be next Turkey

Source:Global Times With the rapid slump of the Turkish lira, many people think that Turkey's modernization has been hit hard and the country may fall into the middle-income trap and find it hard to get...

Indonesia’s Oil Sector In Jeopardy As Elections Loom

By Haley Zaremba The future is looking grim for foreign resource companies with investments in Indonesia. In the current election cycle, it has become increasingly politically popular to push for repatriation of the country’s vast wealth...

The $80 Billion Megaproject Splurge In Oil

By Irina Slav The oil and gas industry has been in recovery mode for at least a year now, and although the improvement in performance is clearly there, the pace of the recovery has been somewhat...

The One Oil Industry That Isn’t Under Threat

By Nick Cunningham Peak oil demand might be near, but the consumption of oil for plastics will keep demand elevated for decades. Indeed, the IEA has said that plastics and other petrochemicals are the only sector...

The Productivity Problem In The Permian

By Nick Cunningham The multi-year campaign to boost efficiency and productivity in the U.S. shale patch could be nearing its limits. Output in the Permian basin is already starting to slowdown, largely due to pipeline constraints. However,...

All-Time Low Spare Capacity Could Send Oil To $150

While the oil market and analysts are trying to guesstimate how much Iranian oil the U.S. sanctions will stifle later this year, they all agree that the return of the sanctions is the market’s...

U.S. Swings and Misses With Latest Offshore Lease Auction

By Julianne Geiger The latest US auction for offshore leases failed to attract as much interest as many had hoped, with the results mildly superior to the previous auction for offshore leases conducted in March of...

Turkey doubles tariffs on some US imports as lira rallies

Turkey doubled tariffs on some US imports including alcohol, cars and tobacco on Wednesday in retaliation for US actions, but the lira rallied further after the central bank’s liquidity moves had the effect of...

Turkish lira undershooting fair value, should be at 5 to 5.50 to dollar: global...

The Turkish lira is significantly below fair value at the moment and should strengthen over the next one to two years as Turkey’s economy slows and exports gain strength, improving the country’s balance of...

UK inflation erodes wages but boardroom pay spikes

British inflation accelerated last month on high transport costs, hitting average workers’ purchasing power -- but boardroom pay has surged, data showed Wednesday. The Consumer Prices Index (CPI) 12-month rate picked up speed to 2.5 percent...

Cost of flood in Turkey’s Ordu estimated to be at 165 million liras

The cost of flash floods caused by heavy rains in the Black Sea province of Ordu is estimated to be at 165 million Turkish Liras ($27.1 million), Enver Yılmaz, the mayor of the city, said on Aug. 14. “Works to calculate the cost of...

Turkey limits installment plans for credit cards, loans

The use of installments for credit card shopping and loans in Turkey will be governed by new regulations under a decree published in the Official Gazette on Aug. 15. The term of installment payments for credit cards cannot exceed 12 months for...

Turkish Lira bounces back to 5.9 against US dollar

Turkey’s currency has rebounded to 5.9 against the U.S. dollar, having recovered significantly amid a crisis between Ankara and Washington. In addition to to the Central Bank's measures to increase liquidity for the banks on Aug....

New Round of US, China Trade Talks to Be Held in Late August –...

Chinese Vice Minister of Commerce Wang Shouwen will travel to the United States this month for trade talks, Chinese authorities said Thursday. The Chinese minister is expected to meet with US Under Secretary of...

EU Suspects UK Intel of Bugging Brexit Talks – Reports

EU negotiators fear British secret service may have bugged talks on the United Kingdom’s pullout from the union as prospects of a no-deal appear to grow, UK media said. Suspicion was voiced by EU sources who...

Russia’s potential windfall tax may hit profitability of metal and chemical companies

According to the agency, introduction of a higher tax burden may force companies to choose either lower dividend payouts, reduce future capex or adopt a higher leverage tolerance MOSCOW, August 16. /TASS/. The implementation of...

Trump says his steel tariffs will save the U.S. industry: WSJ

Reuters Staff WASHINGTON (Reuters) - President Donald Trump said on Wednesday his tariffs on foreign steel are saving the U.S. industry and he predicted that in the future American steelmakers will mostly face domestic competition,...

U.S. retail sales, manufacturing data bolster third-quarter economic outlook

Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. Other data on...

U.S. hits Chinese and Russian firms over breach of North Korea sanctions

Reuters Staff WASHINGTON (Reuters) - The United States imposed sanctions on a Russian port service agency and Chinese firms on Wednesday for aiding North Korean ships and selling alcohol and tobacco to Pyongyang in breach...