The city of Beijing is launching a trial of the PBoC digital currency during Lunar New Year 2021, as shown in a screenshot of a registration page on JD’s shopping app. Evelyn …
Read More »Erdogan calls on Turks to support the lira, investors fear a currency crisis
Turkish President Tayyip Erdogan attends a Republic Day ceremony at the Presidential Palace in Ankara, Turkey, on October 29, 2020. Presidential Press Office | Reuters Inflation, currency collapse, and rapidly depleting foreign …
Read More »Erdogan fires head of Turkey’s central bank joins the mess: Naguib Sawiris
The fact that Turkey’s president fires his central bank chief over the weekend will only compound the “mess” in the country, Egyptian billionaire Naguib Sawiris said. President Recep Tayyip Erdogan fired another …
Read More »Treasury Yields Fall Following Powell’s Economic Comments
US Treasury yields fell Tuesday morning following remarks prepared by Federal Reserve Chairman Jerome Powell for a congressional hearing, warning that the economic recovery was “far from over. be complete. “ The …
Read More »Turkish lira sinks after Erdogan fires Central Bank head
Turkey’s currency fell 9% on Monday, heading for its biggest single-day selloff since 2018, following the abrupt removal of the central bank governor last week. The lira fell to a low of …
Read More »Turkey’s lira sinks after Erdogan fires central bank head
Exchange offices in Istanbul, Turkey, viewed on October 28, 2020. Due to rising exchange rates and economic instability, people change currencies and buy Turkish liras. Erhan Demirtas | NurPhoto via Getty Images …
Read More »Now is the best time to buy government bonds since 2015, says fund manager
Traders on the floor of the New York Stock Exchange. Source: NYSE Investor concerns about rising inflation are misplaced and bond markets are at their most attractive since 2015, according to Sascha …
Read More »Richmond Fed’s Barkin Talks About US Economic Recovery And Possible Scars
Pedestrians walk outside the New York Stock Exchange in the US. Daniel Acker | Bloomberg | fake images The US economy is recovering from the Covid-19 recession, but some economic “scars” can …
Read More »The Fed is committed to using all its tools to promote the recovery.
Federal Reserve Chairman Jerome Powell arrives for a press conference following the Federal Open Market Committee meeting in Washington on December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell …
Read More »Bank of England exchange rate decision in March: rates and QE unchanged
Mounted police officers sit outside the Royal Exchange and the Bank of England in London on June 17, 2020. TOLGA AKMEN | AFP via Getty Images The Bank of England held interest …
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