Turkey’s Central Bank on Aug. 29 raised the reserve ratio on lenders’ short-term hard currency borrowings to encourage the banks to borrow longer-term and bring more stability to a domestic currency market that has been subject to big swings.
Brazil has slipped into recession, the government said on Aug. 28, deepening the gloom in the world’s seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.
It’s not the economy, stupid. At least it isn’t where hearts are warmed by the fiercer flame of nationalism, rather than rising living standards
As I watch Republican presidential candidate Donald Trump, I am reminded of wrestling promoter extraordinaire Vince McMahon, chairman of World Wrestling Entertainment. McMahon is a lesser billionaire than Trump, but he is a man who understands the American appetite for entertainment in a cynical age
Category: GWYNNE DYER
You know how it is with buses? You wait ages for one, far longer than seems reasonable – and then three arrive all at once. Financial crises are a bit like that too.
The United States will be isolated on the world stage and its influence diminished if Congress rejects the Iran nuclear deal, the US ambassador to the United Nations has warned.
China’s turbulent stock markets rose sharply on Aug. 27, helped by a strong rebound on Wall Street on expectations that the U.S. Federal Reserve will respond to days of China-led volatility by delaying an expected interest rate rise next month
Jamaica's Usain Bolt easily outstripped American rival Justin Gatlin to claim his fourth consecutive world 200m title on Aug. 27 and complete a rousing sprint double in Beijing.
Category: ERDAL SAĞLAM
Bad news on the Turkish economy keeps coming, one after the other.
As Congress weighs the Iran nuclear agreement, confidence that Tehran will comply must be high on its agenda.
US President Barack Obama on Aug. 26 apologised to Tokyo after WikiLeaks claimed Washington had spied on Japanese politicians, a government spokesman said on Aug. 26.
Emerging market assets resumed their slide on Aug. 26, shrugging off China’s interest rate cut and focusing on growing signs of economic weakness in the world’s second-largest economy and across the developing world
Saudi Arabia on Aug. 26 executed three of its citizens for murder and a Syrian convicted of drugs smuggling, a day after Amnesty International urged a moratorium on rising executions in the conservative kingdom.
UN Security Council members on Aug. 24 heard Syrian and Iraqi gays tell of their terror-filled lives under the Islamic State of Iraq and the Levant (ISIL), in the first-ever council meeting on LGBT rights.
Turkey was named the sixth largest textile and confection exporter of the world by making around 4 percent of such exports globally in 2014, according to a note released by the Turkish Statistics Institute (TÜİK) on Aug. 25.
Investors have been leaving Turkey for the last couple of months, pushing the lira, which plunged from 2.75 to around 2.9 in 10 days into the ground
A group of Turkish businesspeople are set to head to Iran to seek emerging opportunities in the eastern neighbor on the eve of the abolition of Western sanctions over Tehran’s nuclear program.
Chinese shares plummeted on Aug. 24, wiping out the year's gains and leading a slump across Asian equities as Beijing's latest market intervention failed to restore confidence, with concern mounting about the stalling economy.
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes.
Britain's foreign secretary reopened his country's embassy in Tehran on Aug. 23 in a long-awaited step signalling better relations four years after a mob stormed the compound, forcing its closure.
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