The Central Bank has cut interest rates, even as inflation continues to soar, deepening President Erdogan’s disputed economic plan and setting off a new plunge in the lira.
Tag: Banking and Financial Institutions
China Evergrande Has Defaulted on Its Debt, Fitch Says
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
Taliban and 9/11 Families Fight for Billions in Frozen Afghan Funds
The White House must figure out what to do with the Afghan central bank’s account at the Federal Reserve, now blocked under U.S. law.
Financial Industry, With $130 Trillion, to Pursue Climate Goals
The pledge would transform the international financial system, but critics say it falls short on fossil fuels.
Home Buyers Who Went All In on Evergrande Now Want Out
China Evergrande Group’s financial troubles, and the government policies that helped push it to the brink of collapse, have threatened an important economic driver: home sales.
Home Buyers Who Went All In on Evergrande Now Want Out
China Evergrande Group’s financial troubles, and the government policies that helped push it to the brink of collapse, have threatened an important economic driver: home sales.
How El Salvador Is Testing Bitcoin’s Promise of Financial Liberty
As cryptocurrency enters global finance, an experiment in El Salvador could offer clues on whether it will bring a more libertarian economy or greater government control.
Pandora Papers Leak: What to Know
Revelations from nearly 12 million leaked confidential financial records have thrown light on the concealed wealth of powerful public figures around the world. How do they hide their money, and why is this information important?
The world’s top central bankers see supply chain problems prolonging inflation.
The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan spoke on a joint panel Wednesday.
How China Plans to Avert an Evergrande Financial Crisis
Control of the banking system gives Beijing the tools to stop a broader collapse, officials believe, while censorship and police powers can stifle protests.