Turkey’s Lira Extends Rally After Central Bank’s Jumbo Rate Hike
The lira extended its rally to over 6% against the US dollar after the Turkish central bank raised interest rates far more than expected on Thursday.
Bloomberg Business
MH370 Plane Mystery May Be Solved With Help of Barnacles
New research suggests the aircraft may have drifted “far south” of where previously thought.
India Rate Panel Bats for Close Price Monitoring, Minutes Show
India’s rate setters looked past the recent spike in food inflation but pledged to act tough if price pressures persist, according to the minutes of the August monetary policy meetings released Thursday.
Bitcoin Miners’ Stock Market Lifeline Becomes Irritant to Shareholders
The equity lifeline used by many Bitcoin miners to help weather the most recent crypto winter is beginning to irk some shareholders.
Another Metals Trader Says It Has Been Hit by a Nickel Fraud
Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble.
Singapore Joins Green Bond Rush With $2.1 Billion Offering
Singapore raised S$2.8 billion ($2.1 billion) of green bonds by reopening an existing 50-year maiden note it sold last year, adding resources to its climate-change efforts.
Lazard Banker Charged in Sweden for Bribery in Atlas Deal
A Lazard Ltd. banker in Stockholm was charged by Swedish prosecutors over allegations of bribery linked to a deal struck by Atlas Copco AB.
Investors See Private Credit Performing Better
Most investors think private debt will perform better in the coming year and just over half aim to increase their allocation to the burgeoning asset class, according to a survey by data provider Preqin.
KKR’s Latest Bankruptcy Deal Is a Bad Omen for Lenders
Even though the economy is looking a little brighter, the leveraged-loan market is still exposed to low recovery rates from corporate defaults.
Qatar Acquires World Padel Tour After Months-Long Power Struggle
Qatar Sports Investments, the owner of top French football team Paris Saint-Germain, has acquired the World Padel Tour, marking another sport increasingly dominated by a Middle Eastern investor.
