Turkey: President Erdogan challenges those playing "games" on the economy

Equities in Hong Kong and China recouped most of their decline while shares in Japan pared losses

Equities in Hong Kong and China recouped most of their decline while shares in Japan pared losses

The Turkish lira has lost almost 40 percent of its value against the dollar this year, hit by a worsening diplomatic rift with the United States and by investor alarm about President Tayyip Erdogan's influence over monetary policy. "We see your game and we challenge it", Erdogan said Saturday at the Justice and Development Party's (AKP) sixth grand congress. "Turkey did not and will not surrender to those which try to make Turkey as a strategic target".

Turkey's battered lira weakened 3 percent after a Turkish court rejected an American pastor's appeal for release.

Erdogan told thousands of supporters in Ankara that Turkey is "threatened by the economy, sanctions, foreign currency, interest rates and inflation", The Associated Press reported.

Brunson was arrested on charges of terrorism and support of a group held responsible for an attempted coup of Turkish President Recep Tayyip Erdogan.

Air quality to worsen in Northwest as smoke returns
Layered treelines are seen through smoke-filled air, Wednesday, Aug. 15, 2018, at Snoqualmie Pass in Washington state. The Puget Sound Clean Air Agency is urging everyone to stay indoors as much as possible and keep windows closed.

The US pastor, who has already spent almost two years behind bars in Turkey, has denied the charges, calling them "shameful and disgusting".

August 10, President Donald Trump doubled US tariffs on Turkish aluminum and steel imports.

"Risks remain particularly with regards to uncertainty over how Brexit is going to pan out as well as future USA trade policies", the ministry said in its monthly report. In retaliation, Turkey fired back with tariffs on USA cars, alcohol, cosmetics.

Turkey and the U.S. also disagree over their military interventions in the Syria war, Ankara's plan to buy missile defense systems from Russian Federation and the USA conviction of a Turkish state bank executive on sanctions-busting charges in January.

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