Kofi Annan, the former chief of the United Nations who also won the Nobel Peace Prize, has died at the age of 80.
After a decade-long rally in Hong Kong, growing mortgage costs may finally deflate the city's housing bubble, The Financial Times reports.
A shipping revolution and a U.S. plan to impose targeted crude sanctions against Iran is likely to prompt wild swings in the oil price over the coming months, Vopak's chief executive told CNBC on Friday.
China's military has expanded its bomber operations in recent years while "likely training for strikes" against the United States and its allies, a Pentagon report released on Thursday said.
Chinese regulators said this week that rainbow trout can be sold as salmon, according to new standards set by a government-affiliated fish association and 13 commercial fisheries, The New York Times reports.
Turkey imposing capital controls could quickly exacerbate the exposure of other emerging market economies, an analyst at Goldman Sachs told CNBC Thursday.
Officials from President Recep Tayyip Erdogan's office said the pledge was made by Sheikh Tamim bin Hamad Al Thani, who met with the Turkish leader Wednesday.
Risk in Turkish equities remains high while valuations are extremely low, prompting more brazen investors to seek opportunities. Turkey's benchmark BIST 100 Index has fallen 22 percent since the year's start.
A sustained upswing in U.S. shale growth is likely to offset global production problems over the coming months, energy analysts told CNBC on Wednesday.
One Turkish court has rejected an American Christian pastor's appeal to be released from house arrest and for his travel ban to be lifted, but an upper court is yet to rule on the appeal, his lawyer told Reuters on Wednesday.
The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period.
The government claims it is responding to a “deliberate attack” by the U.S. on Turkey’s economy.
The comments by the Turkish leader were particularly remarkable given that he and several of his top ministers are frequently seen with iPhones, the NYT reports.
The United States is warning more economic pressures may be in store for Turkey if it refuses to release a jailed American pastor, a White House official said on Tuesday, in a dispute that has further strained relations between the NATO allies.
Turkey’s interior ministry is launching investigations into 346 social media accounts posting negatively about the lira in an apparent attempt to stifle dissent amid a dramatic currency crisis.
The currency has lost 28 percent of its value against the greenback since August and more than 40 percent this year amid investor fears over central bank policy and escalating disputes with the United States.
Police arrested a man on suspicion of terrorism offences Tuesday saying he appeared to deliberately drive into cyclists before ramming a car into barriers outside parliament.
The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world's two largest economies, an analyst told CNBC on Monday.
UAE's biggest fuel retailer told CNBC that there is 'a lot more to come' regarding the firm's expansion plans in Saudi Arabia.
Bearish bets have driven coffee futures down more than 17 percent since the start of the year.
The U.S. stock market is well on its way to better-than-average gains this year, but a quick glance at overseas markets reveals a more sobering story.
Turkey's financial crisis is rippling through the economy, shutting down power plants and threatening the supply of life-saving drugs, The New York Times reports.
The Dow Jones Industrial Average jumped on Friday after a report said President Donald Trump and Chinese leader Xi Jinping hope to discuss U.S.-China trade in November.
European stocks were lower on Friday afternoon, as Turkey's ongoing currency crisis appeared to keep investors wary.
Asia markets closed mostly in positive territory on Friday following an update on the U.S.-China trade situation.
Amid the turmoil in global markets caused by a sharp decline in the Turkish currency, investors are carefully watching the links between the embattled economy and Asia Pacific countries.
European stocks were lower on Friday afternoon, as Turkey's ongoing currency crisis appeared to keep investors wary.
Emerging markets and banks are among the biggest casualties in the recent decline of the Turkish lira, but there will be some winners in the economic crisis as well.
The 93-year-old leader has repeatedly criticized Chinese ventures in his country for being too expensive. As he visits the world's second-largest economy, he's expected to renegotiate a number of Beijing-backed deals.
U.S.-China trade talks in August will likely be centered on the Chinese yuan, which has fallen almost 6 percent against the greenback so far this year.
Amid the turmoil in global markets caused by a sharp decline in the Turkish currency, investors are carefully watching the links between the embattled economy and Asia Pacific countries.
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