Turkish lira rallies as Qatar makes $15bn loan pledge
September 10, 2018

Ankara officials will channel money into Turkeys financial markets and banks

Turkeys beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sectors shaky finances with loans worth $15bn (11.8bn).

A week after a Continue reading

Turkey buys time before day of IMF reckoning
September 9, 2018

Main elements of crisis remain unaddressed, with eventual bailout most probable outcome

Until reports came on Thursday night that the US was preparing to impose more sanctions, the Turkish government had had a decent few days. The currency crisis, Continue reading

Tesla shares soar after Elon Musk floats plan to take company private
August 16, 2018

Musk tweets plan as it emerges Saudi Arabia has built up $2.9bn stake in tech giant

Elon Musk has launched a campaign to take Tesla private on a day that included several provocative tweets, a suspension (and resumption) of trading Continue reading

Bitcoin biggest bubble in history, says economist who predicted 2008 crash
March 3, 2018

Nouriel Roubini calls cryptocurrency the mother of all bubbles as it falls below $8,000

Bitcoin biggest bubble in history, says economist who predicted 2008 crash

Nouriel Roubini calls cryptocurrency the mother of all bubbles as it falls below $8,000 Continue reading

Dow Jones suffers worst day in over six years as global stock markets plunge
February 7, 2018

The Dow Jones industrial average dropped 4.6% as investors fled amid fears of rising interest rates: This was volatility unleashed

Dow Jones suffers worst day in over six years as global stock markets plunge

The Dow Jones industrial Continue reading

Financial markets could be over-heating, warns central bank body
December 14, 2017

Bank for International Settlements quarterly health check warns global economy resembles era just before financial crash

Investors are ignoring warning signs that financial markets could be overheating and consumer debts are rising to unsustainable levels, the global body for central Continue reading