Shoppers shop in Istanbul, Turkey, December 5, 2021. Citizens’ purchasing power was affected by the depreciation in the Turkish lira. NurPhoto by Getty Images | NurPhoto via Getty Images Turkey’s currency was battered Monday, past fourteen. the dollarThis is ahead of investors’ expectations for rate cuts by the central bank, despite rising inflation. It liraAccording […]
Market data is displayed on trading screens from all over the globe. Carl Court | Getty Images There are many strategies for investing in 2022. CNBC interviewed some of the most respected people in the business to hear their opinions as we approach the New Year.
Ebrahim Raisi, Iranian president, visits Bushehr nuclear power station, Iran, on October 8, 2021. Official Presidential Website via Reuters After a long hiatus of months, the U.S.-Iran indirect talks on the 2015 Iranian Nuclear Deal will resume Monday. Many things have changed since the talks were stopped. And while there are huge stakes, some observers […]
Turkish President Recep Tyyip Erdogan (C), gestures while delivering a speech at the annual evaluation meeting for 2019, with the backdrop banknotes representing the Turkish Lira. Ankara. 16 January 2020. AFP| AFP According to Ozan Ozkural (managing partner at Tanto Capital Partners, a boutique investment firm), investors need to avoid Turkey’s unpredictable fiscal and monetary […]
An increase in interest rates in America may make Turkey a more vulnerable country, Mark Mobius, a prominent investor in emerging markets said Tuesday. Mobius stated that it could, “Yeah,” to CNBC’s.Closing BellResponding to a question regarding whether sharp depreciation was seen in the Turkish currency — the lira — could spread to other countries. […]
Turkish President Recep Tyyip Erdogan attended a press conference in Budapest (Hungary) November 7, 2019. Bernadett Szabo | Reuters Turkey’s liraRecord low at 12.49 the dollarTuesday’s price was at an unimaginable level, well above what was only last week called the “psychological” barrier 11 to one dollar. Bluebay Asset Management senior emerging market strategist Tim […]
Sophisticated investors with access to certain markets can find "massive opportunities" amid a tricky macro outlook, according to Mohamed El-Erian.
Russian President Vladimir Putin is present at a session that took place on the sidelines to the COP26 UN Climate Summit, which was held in Glasgow. The session was teleconferenced in Moscow from Moscow on November 2, 2021. Sputnik | AFP | Getty Images France warned Russia Friday not to harm Ukraine’s territorial integrity after […]
Getty Images| AFP | Getty Images DUBAI, United Arab Emirates — Dubai’s last international air show, in November of 2019, feels like another era. A few months prior to the Covid-19 epidemic that turned travel upside-down, the biennial aviation conference was attended by thousands and celebrated an industry which looks quite different. The market has […]
Two MQ-9 Reapers belonging to the 46th Expeditionary Attack Squadron were parked at Ali Al Salem Air Base in Kuwait on June 9, 2020. Senior Airman Isaiah J. Soliz | U.S. Air Force DUBAI, United Arab Emirates — Cutting-edge technologies and geopolitics are set to feature in military deals at this year’s Dubai Air Show. […]