Lira Lifesaver Became $124 Billion Gamble That Now Haunts Turkey
As the lira was approaching a decade of continuous losses, Turkish policymakers hit on an idea that promised
2023-08-21 16:27
Fitch Makes Case for Why Netanyahu Won’t Doom Israel Economy
When Fitch Ratings issued an optimistic report on Israel last week, it defied growing conventional wisdom that the
2023-08-21 16:18
European Gas Prices Soar on Australia LNG Workers’ Ultimatum
European natural gas prices jumped as workers serving a key export project in Australia prepare for a strike
2023-08-21 14:25
Rupee Outperforms EM Asia Peers Even as It Nears Record Low
The Indian rupee is within a whisker of a record low, but it’s still a favored emerging-market currency
2023-08-21 13:45
The Emerging Market Bloc That Wants to Shake Up the World Order
The world’s leading emerging market powers have complained for years about being sidelined by wealthy nations. Now they
2023-08-21 12:22
China Local Governments to Sell $206 Billion of Financing Debt
China is taking stronger action to address financial risks of local governments, with Caixin reporting on a plan
2023-08-21 11:16
Chinese Banks Disappoint With Smaller Lending Rate Cuts
Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference
2023-08-21 10:17
Beset by domestic economic woes, China's Xi visits South Africa in just his second trip abroad this year
Chinese leader Xi Jinping heads to South Africa Monday on a trip intended to bolster Beijing's influence among developing and emerging nations, as ties with the United States remain deeply strained and economic troubles bubble up at home.
2023-08-21 09:55
BOJ’s Record-Bond Buying Is Driving Need for Yield-Curve Tweaks
The Bank of Japan is purchasing government bonds at a record pace this year, a factor that likely
2023-08-21 09:19
Dollar gains intact as traders eye Jackson Hole
By Tom Westbrook SINGAPORE The dollar began on a firm footing on Monday, following five straight weeks of
2023-08-21 08:53
Argentina’s Massa Heads to US For Talks With IMF on Loans
Argentina’s economic minister and presidential candidate Sergio Massa will travel to the US on Monday for talks with
2023-08-21 08:28
Fed Can’t Celebrate Yet as Investors Expect Rates, Inflation to Remain Elevated
If they’d been offered today’s economy a year ago – with inflation downgraded from emergency to mere headache,
2023-08-21 08:28