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Tag Archives: Lira

Turkey’s financial crisis raises questions about China’s debt-driven development model

By James M. Dorsey   Financial injections by Qatar and possibly China may resolve Turkey’s immediate economic crisis, aggravated by a politics-driven trade war with the United States, but are unlikely to resolve the country’s structural problems, fuelled by President Recep Tayyip Erdogan’s counterintuitive interest rate theories. The latest crisis …

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Erdogan, Macron vow to foster trade ties

Turkish President Recep Tayyip Erdogan and his French counterpart Emmanuel Macron agreed in a phone call on Thursday to foster trade ties, a Turkish presidential source said, after the lira’s dramatic fall in the wake of escalating tensions with the US. “Both leaders emphasised the importance of fostering economic and …

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Stocks rise as Turkish lira rebounds

Stocks rose on Tuesday as a rebound in the Turkish lira from an all-time low lifted investor sentiment. The Dow Jones Industrial Average rose 63 points, while the S&P 500 gained 0.3 percent. Both indexes were also on track to snap four-day losing streaks. The Nasdaq Composite gained 0.4 percent. …

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Will Lebanon face a further downgrade?

The Levant News — By Osama Habib for The Daily Star — BEIRUT: Lack of reforms, political instability and slow economic growth is leaving the embattled government with very few options to finance its current expenditure needs, economists and bankers said Wednesday. One of these options, if not the only …

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