More than a decade ago, Venezuela seized several oil projects from ConocoPhillips without compensation. But ConocoPhillips recently announced that the Venezuela state oil company will pay a $2 billion judgment over nearly five years as a way of making amends, The New York Times reports.
President Erdogan on Monday cast a recent currency crisis as an attack on Turkey's economy, no different from a strike against the flag or call to prayer.
The attack coincided with a deepening row between Ankara and Washington over the trial of a U.S. pastor in Turkey.
Turkey was a stalwart NATO ally bridging Europe and the volatile Middle East. It was before Turkey descended into a financial crisis delivered in no small measure by his authoritarian proclivities and unorthodox stewardship of the economy.
After Venezuelan President Nicolas Maduro's 60-fold increase to the minimum wage, storeowners on Saturday wrestled with an anguishing decision.
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.
More than a decade ago, Venezuela seized several oil projects from ConocoPhillips without compensation. But ConocoPhillips recently announced that the Venezuela state oil company will pay a $2 billion judgment over nearly five years as a way of making amends, The New York Times reports.
The White House is ebullient about reaching a potential deal as soon as this week — but just with Mexico.
The findings, which surveyed more than 4,000 UK adults, illustrated that almost 60 percent of those in full-time jobs would choose to start work before the clock strikes 9.
Oil prices rose on Wednesday as U.S. crude inventories declined amid concerns over the potential impact on global supply from the upcoming U.S. sanctions on Iran.
Gold prices saw a one-week high as Trump's criticism of the Federal Reserve's interest rate policy weighed on the dollar.
The dollar traded lower on Wednesday as U.S. President Donald Trump's comments on Fed interest rate policy continued weighing on the greenback.
According to one expert, Greece remains in the hands of its creditors and is under an "informal" fourth bailout program.
Upcoming digital banking groups pose a big challenge to established banks. With banks cutting down on physical retail branches, smartphone banking is the new way to go. But are the big banks ready for this challenge?
European stocks finished Tuesday slightly higher, as investors awaited U.S.-China trade talks, although critical comments from Trump did test market optimism.
China's hot real estate market remains a challenge for authorities trying to maintain stable economic growth in the face of trade tensions with the U.S.
The U.S. and China are meeting later this week in Washington to try to find some common ground in their escalating trade war, but don't expect a "grand bargain," according to an international trade scholar.
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.
Data also provided by 
