LONDON Turkey's ability to sustain its military campaign in Syria may depend in part on what happens far away from the battlefield: in the foreign exchange market.
LONDON, Oct 18 Turkey's paltry foreign currency
reserves leave it vulnerable to a financial shock in the wake of
its military push into Syria, with markets concerned that
geopolitical tension and sanctions over the incursion could lead
to a reprise of its 2018 lira crisis.
RIYADH/LONDON/DUBAI Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion (1.6 trillion pounds) valuation target. | Video
LONDON/KIEV PrivatBank won an appeal in a London court on Tuesday that allows Ukraine's largest lender to pursue claims worth billions of dollars against its former owners.
LONDON The slump in Turkey's lira in the wake of the Turkish military advance into Syria has made it October's worst performing major currency, a move that looks even starker considering most emerging market currencies have powered ahead.
LONDON, Oct 10 Bond investors mulling whether to
buy new Lebanese debt later this month were seeking evidence on
Thursday of a tangible commitment of financial support for the
deeply indebted country from the United Arab Emirates.
LONDON Sovereign wealth funds increased their merger and acquisition activity to $24.6 billion in the third quarter, propelled by deals involving Singapore's GIC Pte and Temasek Holdings as well as China Investment Corp.
LONDON, Oct 4 Lebanon may need support from
loyal local banks or even friendly Gulf states to buy a new
Eurobond as foreign investors look set to shun the sale, citing
the country's long list of troubles.
LONDON Lebanon may need support from loyal local banks or even friendly Gulf states to buy a new Eurobond as foreign investors look set to shun the sale, citing the country's long list of troubles.
CAIRO/LONDON Egypt's reputation as an emerging market star lost some of its sparkle last month when street protests revealed a population yet to benefit from years of economic reforms that had impressed investors. That reality check may prove to be uncomfortable.