Turkish central bank cuts key rate to 39.5%, flags inflation risk
The Turkish central bank cut its benchmark, one-week repo rate by 100 basis points to 39.5% on Thursday,…
China Finds Costly New Way of Boosting Xi’s Global Yuan Push
China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering…
McKinsey Says Bank Profits Face Possible $170 Billion AI Hit
Banks face a hit to their bottom lines of as much as $170 billion if they don’t adapt…
Bank of Korea rate decision, Kospi, Nikkei, HSI
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations. Trade fears resurfaced after…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
Bullish Dollar Signals Emerge With Delayed CPI Release Looming
The dollar has kicked off the quarter on a firmer note, and there are signs traders are bracing…
Turkish central bank seen slowing rate cut pace amid inflation caution
The Turkish central bank is all but sure to slow the pace of its interest rate cuts when…
Japan parliamentary vote, Australia rare earth shares rise
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in…
Mortgage rate and Budget caution impact the housing marketÂ
Mortgage rates have plateaued over the last month, with some average rates rising and others falling, as lenders…
Wall Street sell-off could mean hip-pocket relief for millions of Australians
Australia’s big insurance companies were sold off heavily on the share market on Friday. Analysts readjusted their valuations…
Argentina’s Peso Falls After US Treasury Intervenes Again – Bloomberg.com
Argentina’s Peso Falls After US Treasury Intervenes Again Bloomberg.comBessent Stakes Credibility and Taxpayer Money on Argentina Bet The New York…
Stock Rally Sputters as Two Regional Banks Get Hit: Markets Wrap
A rally in stocks sputtered as a pair of regional banks tumbled and geopolitical concerns resurfaced, underscoring the…