The Turkish Lira’s “implied” volatility hit its lowest since early August and broke through a key technical level on Nov. 14, as falling oil prices added to a general easing of worries around the currency in the last few months.
The Turkish government has announced a new program in an effort to reverse the brain drain.
Turkey is an attractive country for long-term investors with its strong economic fundamentals, agile private sector and young population, vice president of the World Bank’s International Finance Corporation (IFC) said.
U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says are being used to cement Moscow’s grip on central and eastern Europe.
The Turkish Treasury borrowed nearly 1.2 billion Turkish liras ($214.6 million) from domestic markets, according to an official statement on Nov. 13.
Bankers at Goldman Sachs Group Inc “cheated” Malaysia in dealings with state fund 1MDB, Prime Minister Mahathir Mohamad said, amid growing calls in the country for more aggressive steps to recoup fees earned by the bank.
The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said.
A China-backed bid to complete the world's largest trade deal - without the United States - was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit.
A report from the European Bank for Reconstruction and Development on Nov. 13 warned that perceived transparency in government policymaking in its 38 economy bloc had not improved since the start of the decade.