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Turkey says nothing will come of Halkbank case if law in U.S. works

15 hours ago NAMEX Comments Off on Turkey says nothing will come of Halkbank case if law in U.S. works
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) – Nothing will come of a case against Turkey’s state-owned lender Halkbank “if the law in the United States works”, Turkish Foreign Minister Mevlut Cavusoglu said on Sunday, adding that the case was politically motivated. U.S. Read More

Russia mulls using yuan & euro instead of US dollar for external loans in 2020

1 day ago NAMEX Comments Off on Russia mulls using yuan & euro instead of US dollar for external loans in 2020
Further turning away from the greenback, Russia is eyeing the yuan and the euro as currencies for Eurobonds next year, Russian Finance Minister Anton Siluanov has said on the sidelines of an IMF and World Bank meeting. Answering journalists’ questions about the impact of US sanctions on the Russian sovereign debt market, Siluanov said that Read More

Keep your sanctions, but let us do business: Chevron hopes Trump allows it to stay in Venezuela

2 days ago NAMEX Comments Off on Keep your sanctions, but let us do business: Chevron hopes Trump allows it to stay in Venezuela
US oil giant Chevron is hopeful that the Trump administration will extend a waiver allowing the company to continue doing business in Venezuela despite tough US sanctions on the South American country. “We are a positive presence in Venezuela, and we are hopeful that General License 8C is renewed so that we can continue certain Read More

Exclusive: Huawei in early talks with U.S. firms to license 5G platform – Huawei executive

2 days ago NAMEX Comments Off on Exclusive: Huawei in early talks with U.S. firms to license 5G platform – Huawei executive
WASHINGTON (Reuters) – Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Read More

US slaps new sanctions on Cuba over human rights record, support of Venezuela

2 days ago NAMEX Comments Off on US slaps new sanctions on Cuba over human rights record, support of Venezuela
The U.S. Commerce Department announced Friday it will impose new sanctions on Cuba over its human rights record and its support of the Venezuelan government. The Commerce Department took direct aim at Cuba’s vital tourism industry by restricting airlines’ ability to lease aircrafts. In a statement, the department said it will revoke existing licenses for Read More

Friendship resumed? Turkey’s Erdogan promises ‘new page’ in Ankara-Washington relations through talks with Trump

2 days ago NAMEX Comments Off on Friendship resumed? Turkey’s Erdogan promises ‘new page’ in Ankara-Washington relations through talks with Trump
Turkish President Recep Tayyip Erdogan has promised to turn over a “new page” in US-Turkish relations by talking with President Donald Trump, and called on Trump’s advisers to support his “positive approach.” Critics accused Trump of giving Erdogan a green light to launch a military operation against Kurdish militias (YPG) in northern Syria by withdrawing Read More

United States imposes record $7.5 billion in tariffs on European goods

3 days ago NAMEX Comments Off on United States imposes record $7.5 billion in tariffs on European goods
With the blessing from the World Trade Organization (WTO), the Trump administration imposed punitive tariffs on EU goods on Friday in retaliation for the European plane maker Airbus receiving illegal subsidies. The US measures include duties of 10 percent on Airbus planes and 25 percent on agricultural products like French wine, Italian cheese and Scotch Read More

Agreement to pause Turkey’s campaign in Syria destroys US credibility, top Democrats say, despite demanding it

3 days ago NAMEX Comments Off on Agreement to pause Turkey’s campaign in Syria destroys US credibility, top Democrats say, despite demanding it
Can Trump do anything right? House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer don’t seem to think so, calling his agreement to pause Turkey’s military campaign in northeastern Syria a “sham.” The US-Turkey agreement to pause Ankara’s operation “seriously undermines the credibility of America’s foreign policy and sends a dangerous message to our Read More

Ankara confirms ‘pausing’ operation against Kurds in Syria, but says its goals stay unchanged

3 days ago NAMEX Comments Off on Ankara confirms ‘pausing’ operation against Kurds in Syria, but says its goals stay unchanged
Turkey has confirmed reaching an agreement with the US on temporarily halting its military operation against Kurdish-led militias in northern Syria but refused to call it a ‘ceasefire’, adding that it will go on with its plans. ‘Operation Peace Spring’ will be seized for five days, Foreign Minister Melvut Cavusoglu announced. It came just as Read More

Turkey to halt military operation against Kurds in N. Syria, ceasefire will last for 120 hours – US VP Pence

3 days ago NAMEX Comments Off on Turkey to halt military operation against Kurds in N. Syria, ceasefire will last for 120 hours – US VP Pence
Turkey has agreed to temporarily halt its military operation against Syria’s Kurdish-led militias, allowing them to withdraw from the country’s border, US Vice President Mike Pence said during a visit to Ankara. “Today the United States and Turkey have agreed to a ceasefire in Syria,” Pence said during a joint press conference with US Secretary Read More