(Refiles to clarify in headline that market is run by at-risk women) By Umit Ozdal DIYARBAKIR, Turkey (Reuters) -Hazal Tunc and her friends founded Turkey’s first women-only street market eight years ago to help victims of domestic violence and divorcees, and it has provided them with jobs and security – until now. Like organisations and …
Turkish market run by at-risk women at standstill after lira crash Read More »
By Daren Butler ISTANBUL (Reuters) – The lira tumbled almost 8% against the dollar on Monday amid persisting investor concern over Turkey’s monetary policy, having surged more than 50% last week after billions of dollars of state-backed market interventions. The lira was also supported last week by a government move to cover FX losses on …
Turkish lira slides almost 8% after intervention-driven surge Read More »
MEXICO CITY (Reuters) – The Mexican economy unexpectedly shrank by 0.2% in October from the previous month, as the country’s faltering recovery from the impact of the COVID-19 pandemic dragged into the fourth quarter, official data showed on Friday. October’s seasonally adjusted contraction was the third month-on-month decline in economic activity in a row, figures …
Mexican economy stumbles in October after weak third quarter Read More »
By Ebru Tuncay and Ceyda Caglayan ISTANBUL (Reuters) – Turkish banks reacted to the government’s new lira-defence scheme by jacking up loan rates in a race to attract lira deposits, in what could be a surprise for borrowers expecting cheaper credit, banking sources and a company told Reuters. Rates on deposits jumped to more than …
Turkish banks hiked rates in race for lira deposits -sources Read More »
ISTANBUL (Reuters) – Turkey’s Central Bank could sign two currency swap deals in two weeks, its governor Sahap Kavcioglu said on Friday according to broadcaster BloombergHT. On Thursday, Reuters reported that talks between Turkey’s central bank and counterparts in Azerbaijan and the UAE on securing a possible currency swap line were almost complete. (Reporting by …
Turkish cenbank could sign swap deals in two weeks -BloombergHT Read More »
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s November consumer inflation marked the biggest year-on-year rise in nearly two years on surging fuel costs, a sign that the fallout from global commodity price gains is broadening. The increase, however, is unlikely to prompt the Bank of Japan (BOJ) to withdraw monetary stimulus any time …
Japan consumer prices rise at fastest pace in nearly 2 years on fuel costs Read More »
By Jan Strupczewski BRUSSELS (Reuters) – France and Italy said on Thursday the idea of more permanent joint EU debt issuance deserves an in-depth discussion when the 27-nation bloc reviews its fiscal rules next year, a suggestion likely to meet with resistance from Germany. Italian Prime Minister Mario Draghi and French President Emmanuel Macron wrote …
France, Italy raise joint debt issuance idea for EU fiscal rule reform Read More »
By Belén Carreño MADRID (Reuters) -Spain’s left-wing government reached a deal with unions and employers, the Labour Ministry said on Thursday, ending months of talks and bringing it a step closer to overturning a previous conservative administration’s pro-business reforms by granting more power to unions in bargaining contracts. The new deal also limits the extent …
Spain to reform conservative labour deal, empowering unions in pay talks Read More »
MEXICO CITY (Reuters) – Inflation in Mexico was lower than expected during the first half of December, data showed on Thursday, though core inflation exceeded forecasts, prompting a member of the central bank’s board to voice concern about underlying price pressures. National statistics agency INEGI said inflation reached 7.45% in early December after averaging 7.37% …
Mexico inflation lower than forecast, but core prices stir concern Read More »
BUDAPEST (Reuters) – Hungary’s central bank raised interest rates again on Thursday to combat surging inflation, although some analysts said a move by Prime Minister Viktor Orban’s government to cap retail mortgage interest rates could undermine its efforts. The National Bank of Hungary (NBH) raised its one-week deposit rate by 20 basis points to 3.8% …
Hungary central bank raises rates again as government caps mortgages Read More »
