World stocks hit one-month low as Turkish rout spreads
World markets shuddered on Monday, as Turkey’s worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government bonds and the dollar.
Turkish lira pulls back from record low, markets rattled
Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown caused further unease on global markets.
Turkish lira pulls back from record low after central bank frees up liquidity
Turkey’s lira pulled back from an overnight record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut lira and foreign currency reserve requirements for Turkish banks.
Turkish Isbank CEO says Turkey facing serious speculative attack
Turkey is under a speculative attack as the recent developments in the lira cannot be explained by the country’s economic fundamentals, Isbank chief executive Adnan Bali said on Monday.
Turkish interior ministry to investigate social media comments on economy
Turkey’s interior ministry said on Monday it was taking necessary legal measures on social media posts regarding the dollar exchange rate that create a negative perception of the economy .
Bayer shares slide after Monsanto’s Roundup cancer trial
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Dutch superyacht builders propelled by rising economic tide
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Tesla’s slow disclosure raises governance, social media concerns
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Asian shares, euro trampled as Turkish rout spreads
Turkey’s lira recouped some of its losses as the country’s central bank took steps to stem the currency’s freefall while Asian shares were a sea of red as investors fled to safer assets such as the dollar, Swiss franc and yen.
