Tugce Ozsoy

Tight monetary policy and limitations on lending are weighing on Turkish banks’ outlook, prompting analysts to predict a later-than-anticipated start of a recovery in their profits.

Tight monetary policy and limitations on lending are weighing on Turkish banks' outlook, prompting analysts to predict a later-than-anticipated start of a recovery in their profits.

Turkey’s credit rating was upgraded by S&P Global Ratings for the second time this year, citing reserve accumulation and disinflation.

Lira is only emerging-market currency to gain on Tuesday Foreign funds buy after state banks intervened to stem losses

Russia-exposed stocks rallied from Turkey to eastern Europe as Donald Trump’s election victory prompted investors to position for moves toward a resolution of the war in Ukraine despite massive remaining obstacles.

Turkey’s lira depreciated on Monday as state lenders abstained from aggressively defending the exchange rate and traders responded by unwinding some carry trades, according to people familiar with the matter.

The cost of borrowing Turkish liras overnight in the offshore market spiked above 50% for the first time since early September as traders exited some of their so-called carry positions amid currency losses.

A surge in the years since the pandemic has propelled stocks listed in the United Arab Emirates past $1 trillion in market value. Yet behind the dramatic ascent, investors face a complex market heavily dominated by its rulers.

(Bloomberg) -- A surge in the years since the pandemic has propelled stocks listed in the United Arab Emirates past $1 trillion in market value.

Turkey’s central bank raised reserve requirements for some lira deposits to mop up excess liquidity from the financial system and strengthen monetary policy’s impact on market interest rates.