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‘Basically a Savior’: Why Crypto Is So Popular in Turkey
CoinDesk via Yahoo Singapore Finance· 2 years agoIt has been a rough year for crypto. Prices have plunged, projects have collapsed and companies are...
Erdogan confirms 'sultanate,' Turkish lira heading for new lows
Investing.com via Yahoo Singapore Finance· 1 year agoInvesting.com - With 52% of the votes, Recep Tayyip Erdogan has been confirmed as Turkey's president until 2028, beating opposition leader Kemal Kilicdaroglu, who garnered just under 48% of the votes, in the second round.
Turkish lira slumps to record low; further losses likely
Investing.com via Yahoo Singapore Finance· 1 year agoErdogan appointed Mehmet Simsek as finance minister shortly after his victory in the country’s presidential election runoff on the weekend. This appointment has been taken by the market as signaling ...
Dollar slips from near five-week high; Turkish lira weakens
Investing.com via Yahoo Singapore Finance· 1 year agoThe U.S. dollar edged lower in early European trade Monday, but remained near a five-week high on inflation concerns, while the Turkish lira retreated on political uncertainty. The Federal Reserve ...
Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin
CoinDesk via Yahoo Singapore Finance· 10 months agoA stablecoin backed by one of the world's most volatile currencies has become one of the leading...
Powell and Fed speakers, Adani, Turkish lira - what's moving markets
Investing.com via Yahoo Singapore Finance· 1 year agoFed chief Jerome Powell again signals more rate hikes are likely this year, prompting weakness in the equity and energy markets and the focus on the latest round of central bank speakers. Adani ...
Turkish lira in free fall: New record lows despite drastic interest rate hike
Investing.com via Yahoo Singapore Finance· 1 year agoInvesting.com - The Turkish lira, which was already under heavy pressure, continued its slide unabated after the 650 basis point interest rate hike by the central bank in Ankara. The currency ...
Erdogan tries to salvage economic credibility before Turkey's election
Reuters via Yahoo News Singapore· 1 year agoFormer Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip...
Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’
CNN Business via Yahoo Singapore Finance· 3 months agoIn Istanbul’s Grand Bazaar, traders scramble to buy dollars and gold as rampant inflation eats away...
Turkish Inflation Rate Rises to Highest Since 1998
Investing.com via Yahoo Singapore Finance· 2 years agoBy Scott Kanowsky Investing.com -- The rate of inflation in Turkey rose to its highest mark since 1998 in September, according to data from the Turkish Statistical Institute, extending a recent ...
