Friday, 22 November 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Erdogan Remains Defiant in Face of US Sanctions
Wednesday, 16 October 2019 10:56 WIB | GLOBAL |Global

U.S. sanctions on Turkey over its Syrian military offensive are being dismissed by the political leadership in Ankara, as financial markets shrug off the measures.

Sanctions were announced against Turkish officials on Monday as negotiations on a $100 billion trade deal ended. While a tariff on Turkish steel was doubled to 50%, U.S. Vice President Mike Pence said the measures would remain until Turkey declared a cease-fire with the Syrian Kurdish militia, the YPG.

Last week, Turkish forces launched a major military attack into Syria against the YPG, considered by Ankara to be linked to terrorism inside Turkey. The YPG has been a U.S. ally in the fight against the Islamic State terror group.

With over 100,000 people displaced by the fighting, and fears mounting that the operation is opening the door to a resurgence of the Islamic State group, international condemnation continues to grow.

Turkish President Recep Tayyip Erdogan dismissed the Trump administration's measures.

Trump's sanctions are seen as at least postponing, if not averting, more stringent measures against Turkey. Republican Senator Lindsey Graham and Democratic Senator Chris Van Hollen are proposing legislation targeting Turkey's energy and military sectors, along with other financial measures.

Graham has indicated he is ready to wait to see if Trump's measures will be effective. Analysts suggest, at least for now, that Turkey has had a narrow escape.

Source : VOA

RELATED NEWS
US Congress Approves Hong Kong Pro-Democracy Bills...
Friday, 22 November 2019 10:50 WIB

The U.S. Congress approved two bills Thursday to support pro-democracy demonstrators in Hong Kong after months of unrest in the semi-autonomous city. The House overwhelmingly passed the Hong Kong Hum...

China Bats Away Rumors, Says Trade Talks With US Continue...
Thursday, 21 November 2019 23:32 WIB

China is working to resolve conflicts with Washington over trade, a Commerce Ministry official said Thursday, dismissing speculation the talks might be in trouble as inaccurate "rumors." Ministry spo...

Iran's Internet Shutdown Extends to 5th Day, Further Harming Economy...
Thursday, 21 November 2019 17:59 WIB

London-based Internet monitoring group NetBlocks posted a tweet early Thursday in Iran, saying the "near-total" Internet shutdown had surpassed 100 hours since it began late Saturday. "Digital rights...

Trump Considering Whether Apple Should be Exempt From China Tariffs...
Thursday, 21 November 2019 10:59 WIB

President Donald Trump said on Wednesday after touring a plant that assembles Apple Inc computers that he was considering whether to exempt the U.S. company from tariffs on imports from China. "We're...

Senate Passes Bill to Support Human Rights in Hong Kong...
Wednesday, 20 November 2019 23:58 WIB

The Senate has easily approved a bill to support human rights in Hong Kong following months of often-violent unrest in the semi-autonomous Chinese city. The Hong Kong Human Rights and Democracy Act w...

LATEST NEWS
Gold Steadies as U.S.-China Trade Issue in Focus

Gold steadied as investors weighed a week of contrasting reports on the U.S.-China trade issue. Spot gold +0.2% to $1,467.93/oz at 7:33am in London; -0.5% Thursday. Price little changed this week. Bloomberg Dollar Spot Index +0.2%...

Eurozone flash manufacturing PMI limps up to 3-month high in November

The flash reading of the eurozone manufacturing purchasing managers index rose to a 3-month high of 46.6 in November, up from 45.9 in October. The PMI was slightly above the FactSet-compiled economist consensus for a 46.4 consensus, but below the...

Dollar slips as Chinese comments marginally boost risk appetite

The dollar was marginally down on Friday and risk appetite boosted by statements from China on the need to find a solution to the tit-for-tat tariff war with the United States, raising hopes that a "phase one" deal could be reached. Chinese...

POPULAR NEWS
Gold Holds Steady As Trump Warns China on Trade Deal
Wednesday, 20 November 2019 03:42 WIB

President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever. As hedge to the...

Gold Prices Settle Slightly Lower, Then Extend Losses After Fed Meeting Minutes
Thursday, 21 November 2019 02:24 WIB

Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a...

Gold Prices Fall to Lowest Settlement in Over a Week
Friday, 22 November 2019 02:08 WIB

Gold prices fell on Thursday to mark their lowest settlement in just over a week. "Gold's sensitivity to trade-deal headlines seems to be easing...

Gold Gains as Souring US-China Relations Dent Risk Appetite
Wednesday, 20 November 2019 19:23 WIB

Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal...