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The Turkish lira has nosedived over the past week and tumbled another 7 percent on Monday as the central bank’s measures failed to restore investor confidence.

Prior to its collapse, Mr Ashley had held an 11% stake in the department store chain.

In February, U.S. Trade Representative Robert Lighthizer delivered President Trump’s Trade Policy Agenda and Annual Report to Congress, outlining how the Administration was promoting free, fair and reciprocal trade and strongly enforcing U.S. trade laws. Beijing says it is...

WordPress Richard Russell in a photo from his personal blog.

In a continuing saga between investors and the Securities and Exchange Commission (SEC), Dan Morehead calls for long-term thinking.

Wall Street and Washington have the same question for Elon Musk: Where’s the money?

After inconclusive talks this week on solving the spat, Mr Trump took advantage of Turkey’s turmoil to turn the screws on the country.

Swedish furniture retailer behemoth Ikea has finally opened their first store in India. The first IKEA India store in Hyderabad this year, will be followed by the Navi Mumbai store in 2019. While IKEA has been sourcing products for three decades, the store marks a milestone in...

Hard currency debt issued by Turkish banks suffered similar falls. To do that, they have to sell lira – worsening the rout.

U.S. President Donald Trump ramped up his attack on Turkey by raising steel and aluminium tariffs to 50 percent and 20 percent respectively. “Our relations with Turkey are not good at this time!”

Russian Foreign Ministry spokeswoman Maria Zakharaova denied Russian involvement in the Skripal poisoning on Thursday and said Moscow is working on unspecified “retaliatory measures” against the United States.

The Financial Times, citing unidentified sources, reported that the Saudi central bank and state pension funds had instructed their overseas asset managers to dispose of their Canadian equities, bonds and cash holdings “no matter the cost”. Canadian exports to Saudi...

The sanctions, which would come into force from November 4, are likely to block current payment routes used to pay for Iranian imports.

That came after Musk voiced similar thoughts on Twitter merely an hour earlier, writing: “Am considering taking Tesla private at $420”.

The central bank had increased repo rate by 25 bps to 6.25 per cent in its last policy meet in June.