Analysis-Investors lament lost opportunity after unconvincing Turkish rate hike
By Libby George LONDON (Reuters) -Foreign investors hoping for a game-changing rate hike from Turkey’s newly appointed central bank chief…
Middle East
Turkey’s lira sinks to record low after unconvincing rate hike
ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after…
Tunisia tells IMF conditions for financial support risk unrest
(Reuters) – Tunisia’s President Kais Saied told the International Monetary Fund’s managing director that the fund’s conditions to provide financial…
MSCI keeps eye on Nigeria market classification after recent FX changes
NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to…
Exclusive-Fast-fashion giant Shein plans new Mexico warehouse in Latin America push
By Daina Beth Solomon MEXICO CITY (Reuters) – Fast-fashion giant Shein is seeking more warehouse space in Mexico as it…
Oil plunges 4% as interest rate hikes outweigh lower US oil supplies
By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate…
Sudanese families fleeing to Egypt separated by new visa rules
By Khalid Abdelaziz PORT SUDAN (Reuters) – Elsafi Mahdi was separated from his wife and three younger children on June…
Turkey delivers big rate hike to 15% but U-turn still underwhelms
By Ali Kucukgocmen and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank hiked its key rate by 650 basis points to…
World Bank lends Tunisia $268 million for power line with Italy
(Corrects acronym of project to ‘ELMED’ in paragraph 3) TUNIS (Reuters) – The World Bank Group has lent Tunisia $268.4…
Smaller-than-expected Turkey rate hike hits lira, bonds
LONDON (Reuters) – Turkey’s new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first…