August 16, 2018

J.C. Penney shares dive 25 percent on forecast cut, weak results

Shares of U.S. retail chain J.C. Penney Co Inc sank below $2 for the first time on Thursday after it forecast a wider-than-expected full-year loss and […]
August 16, 2018

Erdogan, Macron vow to boost economic ties: Turkish presidential source

Turkish President Tayyip Erdogan and French President Emmanuel Macron spoke by phone on Thursday and stressed the importance of developing economic and trade ties and boosting […]
August 16, 2018

J.C. Penney same-store sales miss estimates, shares tumble

J.C. Penney Co Inc on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its […]
August 16, 2018

Walmart’s U.S. e-commerce, comparable sales growth strong, shares jump

Walmart Inc on Thursday posted a 40 percent rise in U.S. e-commerce sales, higher than the 33 percent growth witnessed in the previous quarter, and its […]
August 16, 2018

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 […]
August 16, 2018

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, […]
August 16, 2018

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. Powered by […]
August 16, 2018

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 […]
August 16, 2018

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 […]
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