ISTANBUL (Reuters) – Turkish Finance Minister Nureddin Nebati said on Monday that preliminary indicators show the economy grew at a 7% pace in the first quarter of this year, and he repeated his belief that rise in inflation is temporary. In a speech during the banks’ association meeting, Nebati also said the banking sector is …
Turkish finance minister says economy grew 7% in first quarter Read More »
(Reuters) -SPB Exchange, Russia’s second-largest bourse, said on Monday it will transfer up to 14% of U.S.-listed shares that its clients possess to a non-trading account after the central bank said it will restrict trading in some foreign shares. Financial links between Russia and external markets have been damaged by sweeping sanctions that the West …
Russia freezes trading in up to 14% of U.S.-listed shares on SPB Exchange Read More »
ISTANBUL (Reuters) – Turkey’s banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country’s banking watchdog Chairman Mehmet Ali Akben said on Monday. In a speech at a banks association meeting, Akben also said he believed banks will increase credit operations that are in line with government …
Turkish banks should boost sectors promoting long-term economic growth -watchdog Read More »
JERUSALEM (Reuters) – Israel and the United Arab Emirates (UAE) will sign a free trade agreement in Dubai on Tuesday in a move aimed at boosting trade between the two countries, Israel’s Economy Ministry said on Monday. The ministry said customs duties will be eliminated on 96% of products, including food, agriculture, cosmetics, medical equipment …
Israel, United Arab Emirates to sign free trade deal on Tuesday- Israel econ ministry Read More »
By Marc Jones LONDON (Reuters) – Another 9% plunge in Turkey’s lira this month and debt market danger gauges at levels last seen during the 2008 global crash have prompted investor concerns that a fresh crisis might be brewing in the country. Whether President Tayyip Erdogan’s government can avoid market turmoil, just five months after …
Analysis-Turkey’s recurring currency nightmare strikes again Read More »
(This 27th May story corrects paragraph 14 to say “consumer prices” (not inflation), adds dropped word “since”) By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase in inflation slowed, which could underpin economic growth in the second quarter …
U.S. economy kicks off second quarter on strong note; rise in inflation slowing Read More »
CAIRO (Reuters) – Egypt’s net external debt climbed by $8.1 billion in the fourth quarter of 2021, central bank data showed on Sunday. Egypt had been increasing its borrowing to plug current account and budget deficits even before Russia’s invasion of Ukraine in February and the first U.S. Federal Reserve rate hike in March, analysts …
Egypt’s foreign debt rose by $8.1 billion in last quarter of 2021 Read More »
GENEVA (Reuters) – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher energy prices, the institute’s chief said on Sunday. “The 5.8% … that is WIFO’s March estimate. We will now have to revise it upwards to 6.5%,” WIFO director Gabriel …
Austria’s WIFO raising 2022 inflation forecast due to energy costs Read More »
DOHA (Reuters) -Qatar’s gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha. Al-Thani was citing forecasts from international organisations. The energy-rich Gulf emirate plans to start licensing financial technology companies soon, he added. Fitch Ratings in April forecast …
Qatar central bank governor expects GDP growth of 3.5% in 2022 Read More »
By David Randall NEW YORK (Reuters) -Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants …
Stock rally fanned by hopes of Fed ‘past peak hawkishness’ Read More »
