Turkey hikes interest rate again to 45% after inflation nears 65%
Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
China is ramping up stimulus to boost market confidence — but is it enough?
BEIJING — Expectations for more support from China to boost its economy and stock markets are rising— especially after the…
British billionaire Joe Lewis pleads guilty to insider trading, securities fraud
British billionaire Joseph Lewis pleaded guilty Wednesday in New York federal court to securities fraud related to insider trading. Lewis’…
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher…
Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange
Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv…
China’s EV players ramp up competition with Tesla using new tech
BEIJING — Hot competition in China’s electric car market is pushing local automakers to sell vehicles with fancy tech that…
