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Turkey Bans Property Rent, Sales in Foreign Currency

President Recep Tayyip Erdogan on Thursday ordered by decree that property agreements must be made in Turkish lira, in a new bid to prop up the beleaguered currency.

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Turkey Expected to Hike Rates in New Test for Central Bank

The Turkish central bank is expected to lift interest rates on Thursday to combat the plunge in value of the lira and rampant inflation, with markets seeing the magnitude of the hike as a critical test of the bank's credibility.

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US Companies in China Say Tariffs are Hurting, Survey Says

The majority of American companies in China say they are hurting from the escalating US-China trade spat, reporting increased costs, lower profits and stepped-up scrutiny, a survey showed Thursday.

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U.S. Federal Reserve Says Trade Jitters Weighing on Business Investment

President Donald Trump's trade wars have many U.S. businesses on edge, prompting some to delay or cut back on planned investments, the Federal Reserve reported Wednesday.

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Erdogan Appoints Himself as Head of Turkey Wealth Fund

President Recep Tayyip Erdogan on Wednesday appointed himself the chairman of Turkey's sovereign wealth fund and named his son-in-law and Finance Minister Berat Albayrak as deputy chairman. 

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Asian Markets Stumble again as Trade Fears Persist

The sell-off on Asian markets extended into Wednesday with investors fearing an escalation in the US-China trade row after Beijing said it planned to impose anti-dumping sanctions worth billions on Washington.

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Putin Says Russia and China to Reduce Use of Dollar in Trade

Russian President Vladimir Putin on Tuesday said Moscow and Beijing plan to use their own national currencies more often in trade deals as Russia's relations with the West deteriorate.

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U.S. Stocks Mostly Lower on Trade War Worries

Wall Street stocks mostly fell early Tuesday on worries about U.S. trade conflicts with several countries.

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China Seeking Trade Sanctions against U.S. in Anti-Dumping Case

China is planning to ask the World Trade Organization next week for permission to impose sanctions on the United States over anti-dumping practices taken against some Chinese products.

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European Stocks Drop on Fears of New Trade War Escalation

European and U.S. stock markets slid Tuesday on fears of a new escalation in the burgeoning trade war between China and the United States, dealers said.

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