Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China’s exports in December reignited worries of a slowdown in global economic growth. The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world’s second-largest economy, prompting companies such as Apple Inc (AAPL.O) to […]

Apple shares opened Thursday down more than 9% at $143 after chief executive Tim Cook blamed a slowdown in China sales for falling revenues. On Wednesday, the iPhone maker said it expected revenue of about $84bn for the last three months of 2018, down from a forecast of at least $89bn. The news depressed other […]

The Finance Ministry said the use of consultants was normal, adding that suggestions a private company would be running Turkey’s economy were false. LONDON — Turkey’s president says his country is fighting an “economic war” with the United States and has called for a boycott of the dollar and American goods such as iPhones. But […]

ISTANBUL- Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country’s banks were healthy and signalling it could ride out a row with the United States. In a conference call with thousands of investors and economists, Albayrak – who is President Tayyip Erdogan’s son-in-law […]

ISTANBUL — The White House issued a proclamation Friday evening officially announcing the doubling of steel tariffs on Turkey, slated to go into effect Monday. Earlier Friday, the Turkish lira suffered its worst one-day loss in a decade after President Donald Trump announced the United States would hike metals tariffs, prompting investor confidence to slump. Trump […]