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TURKISH LIRA
Turkey’s cheap travel reputation is being undone by high costsTurkey's tourism sector is experiencing significant price increases for visitors. This makes the country less affordable compared to previo...- Pernod Ricard blames weak US, Chinese markets for 26% profit fallPernod Ricard has seen a significant decline in profits, primarily driven by soft market conditions in the US and China. The company's annu...
- 'It's a Carry World': EM trade notches longest run since 2008The carry trade landscape in emerging markets is shining brightly, leading to remarkable returns for investors. This approach, which entail...
- In 2016, Turkey deliberately sank an entire Airbus A300, turning a passenger jet into an artificial reef, 75 feet below the surfaceA decommissioned Airbus A300 was deliberately submerged off the coast of Turkey to enhance diving tourism and safeguard marine ecosystems. ...
- Indian boycott expected to aggravate further the dire economic situation of Turkish citizensTurkey faces economic headwinds due to an Indian boycott sparked by Ankara's support for Pakistan during a conflict. This boycott, coupled ...
- Jubilant FoodWorks shares in focus after Turkish Lira depreciation raises financial concernsJubilant FoodWorks faces financial risks as the Turkish Lira depreciates sharply. CLSA warns that a 5% decline could reduce the company’s F...
- Turkish competition board to fine Meta $160,000 per day for non-complianceIn a statement, the Turkish Competition Board said the result of a 2022 online video advertising market investigation required Meta to subm...
- Turkey's lira weakens to fresh record low against dollarThe Turkish lira slipped to a new record low against the dollar early on Monday, touching a level of 23.77 as investors waited for indicati...
- Turkish lira hits new dollar low after electionThe currency, which was propped up by the central bank before the presidential election, fell five percent to 22.77 lira per dollar at arou...
- Turkish lira declines to weakest since December over Ukraine concernsThe lira lost around 1.3% to stand at 14.6505 against the dollar by 0844 GMT, its weakest since Dec. 20, when the government announced a pl...
- Turkey changes conditions for granting citizenshipForeigners who make a certain investment in the country, buy real estate or make a fixed capital investment could get Turkish citizenship, ...
- Turkish lira plummets to new low ahead another expected rate cutThe sudden slide left the currency with half the value that it had at the end of last year, fuelling inflation in a big emerging market eco...
- Turkish lira plunges after Erdogan sacks hawkish central bank chief"The lira is being smashed by investors fearing that the custodian of its value does not share their hopes for a stable currency underpinne...
- Lira crisis hits this Indian firm real hard; analysts see an opportunityTurkish operations contribute 7.5 per cent to Redington India’s FY18 revenues.
- Rupee nosedives Rs 1.09 to lifetime low of 69.93This year, rupee has been among the weakest currencies amongst the Asian peers, and is down by over 7 per cent on year-to-date basis.
- What triggered rupee’s new record low of 69.93The local unit lost more than 1.43% to the greenback, hitting 69.85 in late afternoon trade.
- 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...
- There is no contagion effect of Turkish Lira fall on India rupee: Khoon Goh, ANZ"Indirect true sentiment and wider euro weakness is having an impact on Asian currencies."
- How desperate are Turkish banks? Ask a saver if you can find oneLock your liras away for more than a year and you’ll get an 8.5 per cent return, but limit that to just up to three months and you’ll earn ...
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