Asian shares gain on U.S.-China trade talks, lira recovers

Damage to Euro from Lira Crisis has its Limits: CBA

The arrest comes after German Foreign Minister Heiko Maas urged Ankara on Monday to do more to improve its troubled diplomatic ties with both Germany and the United States, which would also help to ease Ankara's current economic woes.

Mr Erdogan has accused the U.S. of trying to "bring Turkey to its knees through threats over a pastor".

Turkish officials said Mr Erdogan spoke with French president Emmanuel Macron, during which the French president said Turkey's economic stability is important for France.

On Tuesday, Erdogan called for a boycott of US electronics products, and his spokesperson described American policy as goading Turkey into an "economic war".

A Turkish business now effectively owes twice as much as it did at the beginning of the year.

"Turkey and specifically President Erdogan have treated Brunson, who we know to be a very good person and a strong Christian whose done nothing wrong, very unfairly, very badly", said White House Press Secretary Sarah Sanders.

On Wednesday, a court rejected an appeal for Mr Brunson's release from detention and for a travel ban against him to be lifted, the state-run Anadolu Agency reported.

His Highness the Amir Sheikh Tamim bin Hamad al-Thani's working visit to Turkey on Wednesday is significant as it comes in the wake of United States sanctions imposed on Ankara amid a dispute between the North Atlantic Treaty Organisation allies that has sent the lira to a record low against the dollar.

Brunson is at the center of a diplomatic spat between North Atlantic Treaty Organisation allies Turkey and the United States, which has helped trigger a Turkish currency crisis.

White House aide says Melania Trump's clothes are chosen to 'punish' Donald
" John Kelly and I had a very straightforward discussion about concerns that I had, issues that I raised". He offered her a "friendly departure ", where she could resign to avoid damage to her reputation .

"They want to hold our wonderful pastor".

As the feud between the USA administration and Turkey deepens, Turkish officials announced Wednesday they will increase tariffs on certain American imports.

The lira, which has weakened 34% against the dollar this year, firmed to 5.7500 against the dollar by 0722 GMT from a close of 5.95.

Just days after President Trump tweeted his decision to double tariffs on Turkish steel and aluminum, Turkey has announced that it, too, is ratcheting up retaliatory tariffs. The central bank now refuses to raise interest rates even though doing so would help end the country's rampant inflation (it's at around 16 percent).

Turkish Foreign Minister Mevlut Cavusoglu told reporters that the top USA diplomat in Turkey would visit Brunson later Tuesday.

In response, Erdogan has called for a boycott of U.S. electrical goods. Qatar has been downplaying its public support for Turkey - now at loggerheads with Washington - as it attempts to manage its relationship with the United States.

The White House says the move is unrelated to Brunson's case.

It recovered by 5% to around 6.05 lira per dollar on Wednesday, after the government took steps to shore up the currency by reducing the daily limit in bank foreign currency swap transactions.

On Wednesday, Erdogan met for more than three hours with His Highness the Amir Sheikh Tamim bin Hamad al-Thani, who approved a package of economic projects, investments and deposits worth $15bn.

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