The mismatched metamorphosis of Turkey’s financial markets
By Marc Jones and Canan Sevgili LONDON (Reuters) -Whisper it, but for all the warnings of a Turkish financial market…
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BRICS currency not on August summit agenda – South African official
By Rachel Savage and Carien du Plessis JOHANNESBURG (Reuters) – A BRICS currency will not be on the agenda of…
US existing home sales fall; annual house price decline slows
WASHINGTON (Reuters) – U.S. existing home sales dropped to a five month-low in June, depressed by a chronic shortage of…
Outlook brightens for U.S. Mid-Atlantic manufacturers
By Safiyah Riddle (Reuters) – Optimism about the near-term business outlook among manufacturers in the U.S. Mid-Atlantic region hit a…
Sri Lanka parliament approves bill to boost central bank independence
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s parliament on Thursday approved a new law to improve the independence of the…
Bain Capital raises SoftwareOne takeover offer to $3.7 billion – Bloomberg News
(Reuters) – Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion),…
Made in Russia? Chinese cars drive a revival of Russia’s auto factories
By Gleb Stolyarov and Alexander Marrow (Reuters) – The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned…
Turkey hikes again below expectations, promises more tightening
By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL (Reuters) -Turkey’s central bank hiked its policy rate by 250 basis points to…
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central…
US condemns attack in Swedish Embassy in Baghdad, criticizes Iraq security
WASHINGTON (Reuters) – The United States on Thursday strongly condemned the attack on the Swedish Embassy in Baghdad over a…