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TURKEY LIRA SLUMP
Turkey's market rout worsens amid protests, worst stock slump since 2008Turkish stocks faced the worst week since 2008 amid political turmoil following the detention of Istanbul mayor Ekrem Imamoglu. The resulta...- Dollar rises ahead of Jackson Hole, Turkish lira ralliesThe dollar index, which measures the greenback against a basket of six major currencies, rose 0.36% to 103.72, bouncing from Wednesday's dr...
- Turkish annual inflation seen above 85% in Oct, about 70% at year-endAnnual inflation is seen at 85.60% in October, according to the median estimate of 11 economists who participated in the Reuters poll, with...
- Charting the global economy: China’s growth stalls, Europe slips towards recessionChina is battling a worsening property downturn as well as sluggish retail sales and rising youth unemployment.
- Global markets under Trump: Build the Wall (Street)!... and ChinaWhile the numbers may have been exaggerated by this year's COVID-19 crisis, most analysts agree that Trump's tax cuts, combined with low in...
- EM reprieve stirs a big question: Will the respite last?In Brazil, traders are on edge as a raucous presidential race enters its final week
- Turkey central bank raises benchmark rate to 24%; lira ralliesAgreements that are priced in or indexed to foreign currencies to be amended in 30 days
- August turns ugly for emerging markets as currency crises spreadWith heightened trade tensions threatening to erupt into a full-blown trade war
- RBI changes its stance on rupee swingsOn the day rupee plunged to a new record low in five years, the RBI only sold dollars modestly.
- Turkey’s rating cut deeper into junkThe weakening of the lira is putting pressure on the indebted corporate sector
- Nifty vaults to fresh record high, Sensex jumps 284 points on global cuesHealthy buying in bank, metal and FMCG stocks amid sustained capital inflow lifted market higher.
- Rupee hits new all-time low, slips to 70.30 against US dollarThe currency on Tuesday breached the 70 level before recovering a mild 4 paise to settle at 69.94.
- A 24x7 market behind tanking rupeeA little-known financial innovation is magnifying effect of swings in even non-major currencies.
- Rupee breaches historic 70 mark, recovers at close as RBI intervenesThe local currency crashed below the 70-mark in early trade to touch all-time low of 70.10.
- Rupee’s rout may not stop at 70! Stocks getting a nervous attackIf rupee crosses 70 mark, a lot of outflows will get triggered: Tushar Arora of HDFC Bank.
- Lira extends slide as Erdogan says Turkey in an economic warThe lira tumbled as much as 11 percent against the dollar in thin trading in Asia.
- Rupee second-best performing EM currency in past one monthThe rupee, which has been range bound since the latest monetary policy on August 1, is likely to trade in the range of 68.40-69.20, dealers...
- Rupee hits fresh record low, breaches 69.50 level against dollarThe rupee tumbled on account of buying of American currency by banks and importers.
- Sensex drops over 250 pts, Nifty50 tests 11,350; Vedanta falls 4%As many as 39 components in the Nifty index were trading lower.
- BlackRock buys Turkey shares after turmoil spooks marketsBlackRock said it’s seizing an opportunity to buy Turkish stocks after political turmoil rattled other investors and drove down prices.
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