Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation
Turkey's central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation.
2023-06-22 19:23
Turkey delivers 650-bp rate hike to 15% but still underwhelms
ISTANBUL Turkey's central bank hiked its key interest rate by 650 basis points to 15% on Thursday in
2023-06-22 19:18
Turkey's central bank sharply raises interest rates. That could signal an economic turnaround
The Turkish central bank has delivered a large interest rate increase, signaling a shift toward more conventional economic policies to counter sky-high inflation
2023-06-22 19:18
Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation
By David Milliken and Suban Abdulla LONDON, June 22 The Bank of England raised interest rates by a
2023-06-22 19:18
Yellen says it's 'critical' to maintain U.S.-China ties after Biden's 'dictator' remarks
U.S. Treasury Secretary Janet Yellen says it’s “critical” the U.S. and China maintain a relationship so they can “work together” on global challenges
2023-06-22 18:57
Futures inch lower after Powell hints at more rate hikes
U.S. stock index futures edged lower on Thursday, a day after Federal Reserve Chair Jerome Powell stuck to
2023-06-22 18:30
Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default
Officials say Pakistan’s Prime Minister Shahbaz Sharif has met with the head of the International Monetary Fund in Paris on the sidelines of the global financing summit in a last-ditch effort to unlock a $6 billion bailout package to help avoid a default
2023-06-22 18:26
Musk and Zuckerberg call out each other for cage fight
Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to...
2023-06-22 18:23
Marketmind: Dogged central banks rein in risk
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at
2023-06-22 18:18
US banks push back as regulators prepare international capital hikes
By Pete Schroeder WASHINGTON U.S. banks are pushing to soften a major regulatory proposal to hike bank capital
2023-06-22 18:18
Indonesia, Philippine Stand Pat Amid Easing Price Pressures
Central banks in Indonesia and the Philippines kept borrowing costs unchanged as expected, with both signaling rates will
2023-06-22 17:21
At Paris summit, World Bank lays out plans to tackle natural disasters
By Leigh Thomas and John Irish PARIS (Reuters) -The World Bank chief will announce a raft of measures on Thursday
2023-06-22 16:55