Turkish lira trades below 6.0 against dollar after U.S. comments
The Turkish lira eased slightly but remained below 6.0 against the dollar on Thursday after the United States ruled out removing steel tariffs on Turkey even if Ankara frees a U.S. pastor, and after Qatar pledged $15 billion in investment to Turkey.
Trump’s latest boost to the dollar: U.S.-Turkey spat
President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the gr…
China, U.S. to hold next round of trade talks in late August
China said on Thursday it will hold a fresh round of trade talks with the United States in Washington later this month, offering a glimmer of hope for progress in resolving a conflict that has set world markets on edge.
Asian shares trim losses on renewed Sino-U.S. talks; Turkey, China worries weigh
Asian shares pulled away from one-year lows on Thursday, after Beijing said it will hold trade talks with Washington this month, although Turkey’s currency crisis and fears of an economic slowdown in China kept most markets in the red.
Turkey must commit to policies to promote stability amid market volatility: IMF
Turkey should commit to sound economic policies to promote stability and reduce imbalances at a time of market volatility, an IMF spokesperson said on Wednesday as a row between Washington and Ankara over the jailing of an American pastor dragged on.
U.S. tariffs to stay on Turkey, Qatar offers Ankara aid
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, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira.
No indication Turkey considering IMF financial assistance: IMF spokesperson
There is no indication that Turkish authorities are considering asking for IMF financial assistance, a spokesperson for the International Monetary Fund said on Wednesday.
Asian shares hit one-year low on Turkey, China worries
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 China fanned worries about global growth.
Trump says his steel tariffs will save the U.S. industry: WSJ
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, the Wall Street Journal reported.
Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales
Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter.
