Turkey's Erdogan vows USA boycott, but diplomats resume talks

16 Août, 2018, 12:08 | Auteur: Auguste Feret
  • Turkey Central Bank to provide all liquidity banks need

State Department spokeswoman Heather Nauert said Turkey's economic woes were not started by USA sanctions.

The Turkish unit had been under pressure for weeks over growing concerns about the health of the economy but the currency slumped on Friday and Monday, when US President Donald Trump announced Washington was ramping up aluminium and steel tariffs. He showed no signs of backing down in the stand-off and suggested that Turkey would stop procuring US-made iPhones and buy Korean Samsung or Turkish-made Vestel instead.

"You now have another huge selloff in EM, which has been exacerbated by Trump's willingness to jam on more and more sanctions when countries are having trouble in the market - like adding to the sanctions on Turkey", Haidar said. Ties between the two North Atlantic Treaty Organisation allies have also nosedived over USA support for Syrian Kurdish forces, Ankara's plans to buy a Russian missile system and Turkey's demand that Washington extradite US-based Islamic cleric Fethullah Gulen, whom Erdogan blames for the failed July 2016 coup bid.

The lira has lost more than 40% this year and crashed to an all-time low of 7.24 to the dollar early on Monday, hit by worries over Erdogan's calls for lower interest rates and worsening ties with the United States.

Action from Turkey's central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar ensconced at 13-month highs kept up the pressure on world markets.

That has resulted in an interest rate differential that will continue to widen (and be exaggerated by the blow-out in the USA government's deficits and borrowing requirement as a result of the Trump tax cuts and spending increases).

However, foreign currency suppliers in the United Kingdom are struggling to meet demand for Turkey's collapsed currency.

The greenback had drawn strength after a tough week for emerging market currencies, initially led by the rout in the Turkish lira.

Turkey has accused the United States of waging an "economic war" as part of a plot to harm the country.

Rooney strikes twice as DC down Portland 4-1
DC goalkeeper Hamid started in his first appearance since rejoining United on a 1 1/2-year loan from the Danish club Midtjylland. For Portland, Samuel Armenteros had got them off to a good start after scored his eighth goal of the season in the 35th minute.

Teyana Taylor Leaves Tour with Jeremih After Being "Extremely Mistreated"
After releasing her K.T.S.E. project - which ended up being scrapped before it was officially finished - Teyana jumped on the Later That Night tour with R&B singer Jeremih . "Music songstress revealed that Jeremih exhibited "diva" like behavior, and she was leaving the tour so that she wouldn't "[knock] this ni**a out".

Xiaomi POCO F1 to launch in India on August 22
According to the poster, the POCOPHONE F1 will launch in India on the 22nd of August which falls on Wednesday next week. Pocophone F1 will maintain an audio jack port for those not yet using wireless headphones and will support dual SIMs.

Still, it looks like Malaysians may have to fork out more ringgit if they plan make a trip to the U.S. in the near term.

"We will implement a boycott against America's electronic goods", Erdogan told the conference.

"There is a price we're paying for the period we're in", Erdogan said, referring to his country's plummeting currency.

"What you want to see is tight monetary policy, a tight fiscal policy and a recognition that there might be some short-term economic pain - but without it there's just no credibility of promises to restabilise things", said Craig Botham, Emerging Markets Economist at Schroders.

Dollar-denominated bonds issued by selected Turkish banks continued to fall on Tuesday, although sovereign bonds steadied.

Meanwhile, the lawyer representing Andrew Brunson, the American pastor at the center of the dispute, renewed an appeal for his release from house arrest and for a travel ban imposed on him to be lifted.

Relations between Washington and Ankara have taken a turn for the worse amid bitter dispute over the detention in Turkey of an American evangelical pastor on terrorism charges.

A court in the western Turkish city of Izmir rejected a new appeal to free Brunson on Wednesday, the state television TRT reported.


  • Dozens Hospitalized In Mass Overdose At Connecticut Park

    At this time, police said they have made an arrest of a local man, believed to be connected to at least some of the overdoses. At least 41 people have overdosed from suspected synthetic marijuana at or near a CT city park, authorities said Wednesday.
    Huckabee Sanders: Trump Has Revoked John Brennan’s Security Clearance

    Huckabee Sanders: Trump Has Revoked John Brennan’s Security Clearance

    Brennan shot back saying "So disheartening, so risky for our nation". "Won't have any effect on what I say or write". On Wednesday the President returned the favor when the White House announced that Mr.
    Kobe Bryant turns $6 million sports drink investment into $200 million

    Kobe Bryant turns $6 million sports drink investment into $200 million

    James and his business partner Maverick Carter put less than $1 million into fast-casual pizza chain Blaze in 2012. On Tuesday, Coca-Cola announced it had purchased a minority stake in the drink.
  • Beijing strongly opposes China-related content in new United States  defence act

    Beijing strongly opposes China-related content in new United States defence act

    The US and China are in the midst of a trade war that has seen billions of dollars in tariffs levied on each other's products. The One China Policy says that there is only one China , one Chinese government and that Taiwan is a breakaway province.
    Best of 'Hard Knocks': What Browns said to Antonio Callaway

    Best of 'Hard Knocks': What Browns said to Antonio Callaway

    Browns general manager John Dorsey took him up on it and sent him to Buffalo for a conditional 2020 seventh-round draft pick. In two seasons with the Browns, Coleman was limited to 19 games palyed because of two hand injuries.
    Trump goes after Sessions: No Mueller probe 'if we had a real attorney general'

    Trump goes after Sessions: No Mueller probe 'if we had a real attorney general'

    The president blamed Attorney General Jeff Sessions for the course special counsel Robert Mueller took in his investigation and argued it should focus on Hillary Clinton and the Democrats.
  • Man City scout under investigation for alleged racist descriptions of black players

    A statement from Manchester City said: "A complaint was received last month and immediately raised to the appropriate department". Another was said to have made their feelings known in a letter of complaint that was sent to the club soon after the meeting.

    Heart Evangelista dubbed 'Real Crazy Rich Asian'

    Actress Heart Evangelista is a real-life insane rich Asian - and that brought her face to face with novelist Kevin Kwan himself. It also features two other Filipino actors, Kris Aquino and Nico Santos.
    Fury not concerned by having Wilder at ringside

    Fury not concerned by having Wilder at ringside

    Fury's fight with Germany's Pianeta, 33, features on the undercard of Carl Frampton's against Luke Jackson. "I study my heavyweights and I know he's fought some good men".
  • Rep. Brenda Lawrence to Trump: 'Shame on you' for Omarosa comments

    Rep. Brenda Lawrence to Trump: 'Shame on you' for Omarosa comments

    "It was so ugly", Ryan said during an appearance on SiriusXM's "Karen Hunter Show" on Tuesday . She also said that the jacket in question was not meant to send a message to anyone.
    Jon Gruden Khalil Macks Holdout Hasnt Been Distraction

    Jon Gruden Khalil Macks Holdout Hasnt Been Distraction

    Gruden is confident Mack will be in silver and black for many years. "In the time being, you've got to move on. Just how important is Mack to the Raiders' defense? "[Mack] is the total package".
    Zanu-PF files opposing papers against MDC

    Zanu-PF files opposing papers against MDC

    The court must rule within 14 days of an election challenge being lodged. Zimbabwe's President Emmerson Mnangagwa at a Zanu-PF election rally.


B.C. declares state of emergency over wildfires
There are also 48 evacuation alerts that have 18,720 people across the province ready to leave their homes at a moment's notice. By this time previous year , hundreds of homes been lost to wildfires and tens of thousands of people had been displaced.

Johnny Manziel misses second practice with Alouettes
I told [teammates] no matter what, you're not going to take me out like that. The Alouettes are scheduled to visit the Eskimos at 8 p.m.

Scientists find zombie gene that helps elephants guard against cancer
And when the gene was introduced to animals that normally lack it, such as mice, they too became cancer-resistant. The reason turned out to be LIF6, one of multiple copies of the leukaemia inhibitory factor ( LIF ) gene.

Jim Carrey Explains Why He Took a Break From Hollywood
In fact, it took a very special role and an old collaborator to convince Carrey to once again step in front of the camera. Around 2010, though, Carrey stopped acting as much, and when he did accept a part, it was in projects, like Mr.

Is Your Smartphone Making You Blind?
The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers. What is new, however, is the clear link to macular degeneration.

Shooter has been cancelled
Discussions are said to be underway at Paramount Network, though a source told the outlet it is unlikely it will land there. Ryan Phillippe's U.S. show Shooter has reportedly been cancelled by USA.

Spider-Man PS4 Game Trailer Spotlights Avengers Tower, Sanctum Sanctorum & More
The trailer hints at a larger Marvel universe with new looks at Avengers Tower, Doctor Strange's Sanctum Sanctorum, and Oscorp Industries.

Tyrod Taylor to be starting QB over Baker Mayfield
Taylor, who was acquired from the Bills in March, threw for 99 yards and a score in his first preseason game with Cleveland. That logic, while frustrating for some to see a No. 1 overall draft pick sitting on the bench, does make sense.

'Mystery pooper' will get more than $100K from school district
Tramaglini has also put the Holmdel Police Department on notice that he will sue them for $1,000,000 for releasing his mugshot. A janitor has since taped over the original footage that allegedly captured Tramaglini, according to Adams.

MRI shows kids benefit from parental conversation
It has been thought that a child's exposure to language could predict their linguistic and cognitive skills and later academic achievements.