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Turkey's currency jumps after Washington and Ankara reportedly reach deal to release detained American pastor

TURKEY'S CURRENCY JUMPS AFTER WASHINGTON AND ANKARA REPORTEDLY REACH DEAL TO RELEASE DETAINED AMERICAN PASTOR

The Turkish lira jumped more than 2.5% Thursday. NBC reports Washington and Ankara have reached an agreement that could lead to the...

The Turkish lira dives after Erdogan calls for lower interest rates - stoking fears about central bank independence

THE TURKISH LIRA DIVES AFTER ERDOGAN CALLS FOR LOWER INTEREST RATES - STOKING FEARS ABOUT CENTRAL BANK INDEPENDENCE

Turkish President Recep Erdogan on Thursday said interest rates are a "tool of exploitation" and called for low interest rates. The...

 
 
 
The Turkish lira is diving after Moody's warned the worst is yet to come for the country's banks

THE TURKISH LIRA IS DIVING AFTER MOODY'S WARNED THE WORST IS YET TO COME FOR THE COUNTRY'S BANKS

Markets Insider Turkish lira slumps once again after Moody's downgrades 20 financial institutions. The currency had stabilized after...

One trader lost $19 million on the Turkey turmoil - here are the winners and losers from the crisis

ONE TRADER LOST $19 MILLION ON THE TURKEY TURMOIL - HERE ARE THE WINNERS AND LOSERS FROM THE CRISIS

Reuters; Reuters The collapse of the Turkish lira is the big story in global markets. A big winner has been Deutsche Bank's CEEMEA...

 
 
 
'Traders are hunting': Chinese stocks are the latest to get caught in the crisis for emerging markets

'TRADERS ARE HUNTING': CHINESE STOCKS ARE THE LATEST TO GET CAUGHT IN THE CRISIS FOR EMERGING MARKETS

Jeff J Mitchell/Getty Images Stocks in China were sold heavily in Wednesday trade and closed just off their 2018 lows. Emerging markets...

Turkey favors switching from dollars to national currencies in trade with Russia & China

TURKEY FAVORS SWITCHING FROM DOLLARS TO NATIONAL CURRENCIES IN TRADE WITH RUSSIA & CHINA

Ankara has given a green light to Moscow's proposal to switch to ruble-lira trade between the countries. Turkey also has similar plans...

 
 
 
Turkey favors switching from dollars to national currencies in trade with Russia & China

TURKEY FAVORS SWITCHING FROM DOLLARS TO NATIONAL CURRENCIES IN TRADE WITH RUSSIA & CHINA

Ankara has given a green light to Moscow's proposal to switch to ruble-lira trade between the countries. Turkey also has similar plans...

The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs

THE LIRA SURGED 7% AFTER TURKEY HIT BACK AT US 'ATTACKS' BY SLAPPING AMERICAN CARS, ALCOHOL, AND TOBACCO WITH HUGE TARIFFS

Turkey's currency, the lira, bounced back sharply on Wednesday morning, falling back below six per dollar. It appears that the move...

 
 
 
Stocks rise as Turkish lira steadies

STOCKS RISE AS TURKISH LIRA STEADIES

Thomson Reuters Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings....

Turkey's president threatened a major blow to the US - but Trump looks to have called his bluff

TURKEY'S PRESIDENT THREATENED A MAJOR BLOW TO THE US - BUT TRUMP LOOKS TO HAVE CALLED HIS BLUFF

REUTERS/Murad Sezer Turkish President Tayyip Erdoğan has been threatening to leave NATO and the West behind for a long time, but he...

 
 
 
UBS: Turkey could be heading into a balance-of-payments crisis

UBS: TURKEY COULD BE HEADING INTO A BALANCE-OF-PAYMENTS CRISIS

The Turkish lira crisis is far from over. The country is potentially heading into a balance-of-payments crisis, according to UBS. President...

Turkey will boycott US electronics like the iPhone, according to its president

TURKEY WILL BOYCOTT US ELECTRONICS LIKE THE IPHONE, ACCORDING TO ITS PRESIDENT

Umit Bektas/Reuters Turkey's president said the country would boycott the iPhone and other US electronics. Tayyip Erdogan made the...

 
 
 
India's rupee hits an all-time low as the Turkish lira crisis spills over to other currencies

INDIA'S RUPEE HITS AN ALL-TIME LOW AS THE TURKISH LIRA CRISIS SPILLS OVER TO OTHER CURRENCIES

Thomson Reuters The Indian rupee briefly fell to an all-time low of 70.1 per US dollar in Tuesday trade. Indonesia's currency also...

The Turkish lira has finally stabilised as Erdogan promises action against 'economic terrorists'

THE TURKISH LIRA HAS FINALLY STABILISED AS ERDOGAN PROMISES ACTION AGAINST 'ECONOMIC TERRORISTS'

The lira has stabilised on Tuesday morning after a dramatic decline over the last 9 days. Turkish President Erdogan has vowed action...

 
 
 
What's The Deal With The Deepening Dispute Between U.S. And Turkey?

WHAT'S THE DEAL WITH THE DEEPENING DISPUTE BETWEEN U.S. AND TURKEY?

With the tariffs, sanctions and insults, these longtime allies are looking like anything but. As the Turkish lira falls, you may wonder...

Turkey could solve its banking crisis with one simple mechanism - but Erdogan is ideologically against it

TURKEY COULD SOLVE ITS BANKING CRISIS WITH ONE SIMPLE MECHANISM - BUT ERDOGAN IS IDEOLOGICALLY AGAINST IT

Turkey's lira fell 25% against the US dollar last week and is still under pressure. The currency is suffering from trade tensions with...

 
 
 
'Clear risks of contagion': European markets drop as Turkey's lira crisis spreads around the world

'CLEAR RISKS OF CONTAGION': EUROPEAN MARKETS DROP AS TURKEY'S LIRA CRISIS SPREADS AROUND THE WORLD

European markets slide as fears over the collapse of the Turkish lira continue to spook investors. All major European indices are lower,...

Turkey's central bank promises 'all necessary measures' to save its financial system amid lira collapse

TURKEY'S CENTRAL BANK PROMISES 'ALL NECESSARY MEASURES' TO SAVE ITS FINANCIAL SYSTEM AMID LIRA COLLAPSE

The Central Bank of the Republic of Turkey has outlined a range of measures to bolster liquidity and support the financial system. The...

 
 
 
The lira's crash 'looks certain to push the Turkish economy into recession and may well trigger a banking crisis'

THE LIRA'S CRASH 'LOOKS CERTAIN TO PUSH THE TURKISH ECONOMY INTO RECESSION AND MAY WELL TRIGGER A BANKING CRISIS'

The lira crisis is bad enough to push Turkey from 7% GDP growth into recession, according to Capital Economics. Contagion will be limited...

Global stocks are getting slammed and major currencies are going haywire on a wild Friday in markets

GLOBAL STOCKS ARE GETTING SLAMMED AND MAJOR CURRENCIES ARE GOING HAYWIRE ON A WILD FRIDAY IN MARKETS

Global markets are in turmoil on Friday, with a historic plunge in the Turkish lira at the center of the chaos. The lira's decline...