China, U.S. to hold next round of trade talks in late August

Reuters Staff BEIJING (Reuters) - China said on Thursday a delegation would attend the next round of trade talks with U.S. counterparts in Washington later this month, in the latest bid to defuse a conflict...

U.S. tariffs to stay on Turkey, Qatar offers Ankara aid

Daren Butler, Humeyra Pamuk, Jeff Mason ISTANBUL/WASHINGTON (Reuters) - The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor,...

Asian shares hit one-year low on Turkey, China worries

Tomo Uetake TOKYO (Reuters) - Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in...

New Zealand bans sales of homes to foreigners

New Zealand's parliament has banned many foreigners from buying existing homes in the country - a move aimed at making properties more affordable. The ban only applies to non-residents. Australians and Singaporeans are exempt because...

Why your next flight may go via China

By Pamela Parker BBC News, Singapore Booking a flight from London to Sydney can paint a telling picture of the big change in global air travel in recent years. It is the same if you are...

Uber narrows loss but is a long way from finding profit, targets India and...

Reuters Uber’s net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier While Uber has retreated from China, Southeast Asia and Russia, it says it...

German economy accelerates against all odds

Unfazed by a mounting number of uncertainties, Europe's largest economy has logged better-than-expected growth in the second quarter. Experts said the expansion was mainly driven by domestic consumption. The German economy grew faster than expected...

Opinion: Turkey crisis a threat to Europe’s economy?

Investors are losing faith in former economic reformer Tayyip Erdogan. It's not ruled out that the current crisis may end badly for him, but also for economies in Europe, says DW business editor Henrik...

Philippines Cracks Down On Fuel Pirates

By Tim Daiss Oil smuggling has been a thorn in the side of the Philippine government for decades, with both overt oil smuggling, the transfer of oil cargoes from one vessel to another off shore and...

Saudi Arabia And Iran Reignite The Oil Price War

By Tsvetana Paraskova The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and...

Deciphering The New Caspian Agreement

By Viktor Katona It took more than 20 years for littoral states of the Caspian Sea to reach an agreement that would lay the legal foundations for the full utilization of the region’s resources. The Fifth...

Turkey Turmoil Drags Oil Down

By Nick Cunningham OPEC reported on Monday that Saudi Arabia cut its oil production in July, a surprise move after Riyadh had pledged to ramp up output following the June meeting in Vienna. Why, then, did oil prices...

The Real Reason Behind The Next Oil Squeeze

By David Messler The last quarter has seen increased volatility in oil prices, an increase that I attribute to the growing tensions in international markets as fears of a global trade war intensify. The headlines seem...

Merkel, Putin To Discuss Nord Stream 2 Gas Pipeline On Saturday

By Tsvetana Paraskova German Chancellor Angela Merkel and Russian President Vladimir Putin will meet in Germany on Saturday, August 18, and will discuss, among other things, the Nord Stream 2 natural gas pipeline and other energy issues,...

Trump hits back after Omarosa releases secret recording of president

  ‘She was vicious, but not smart,’ Trump tweets about ex-aide President rejects claim he used racial slur, saying word ‘not in my vocabulary’ Edward Helmore in New York Donald Trump has hit back at his...

Iran’s problems ’internal, not just sanctions’: Khamenei

Iran’s supreme leader Ayatollah Ali Khamenei said Monday that the country’s economic problems were the result of internal mismanagement by the government and not just US pressure. "Economic experts and many officials believe the cause...

New malls under construction, office rents paid in Turkish Lira

According to JLL Turkey’s Commercial Real Estate Market Overview, which looks closer to the first half of 2018, the shopping malls under construction will open in the second half of 2018 and in 2019. Currently,...

Lira facing ‘speculative attack’, says İşbank CEO

Turkey is under a speculative attack as the recent developments in the lira cannot be explained by the country’s economic fundamentals, İşbank chief executive Adnan Bali said on Aug. 13. In an interview with Turkish broadcaster BloombergHT, Bali also said Turkey had...

Turkish lira pulls back from record low, markets rattled

Daren Butler, Nevzat Devranoglu ISTANBUL/ANKARA (Reuters) - Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling...

China angered at new U.S. defense act, to assess content

Reuters Staff BEIJING (Reuters) - China on Tuesday condemned measures targeting it in a new U.S. defense act, saying it would comprehensively assess aspects that beef up the role of a key panel tasked with...