Edition:
International

Karin Strohecker

Big falls, thin trades: Trading Turkey's lira

Nov 25 2021

LONDON The Turkish lira suffered a historic 15% fall on Tuesday in a session marked by thin trading volumes and dwindling liquidity, and gauges are pointing to more rocky times ahead.

Chile peso, stocks jump as hard-right candidate Kast tops first election round

Nov 22 2021

LONDON (Reuters) -Chile's peso and stocks surged on Monday after hard-right former congressman Jose Antonio Kast topped the first-round election, with the focus now shifting to the composition of congress.

Analysis - Investors suddenly see rampant risks in eastern Europe

Nov 19 2021

LONDON Eastern and central Europe's normally predictable financial markets are suddenly alive with the most diverse geopolitical and economic risks the region has faced in decades, and international investors are starting to pay attention.

Garanti to trim short-term lending rates after latest Turkish rate cut

Nov 18 2021

LONDON, Nov 18 Garanti will lower short-term lending rates, after the Turkish central bank cut interest rates by another 100 basis points, and further reduce its foreign exchange lending, the CEO of its Spanish parent group BBVA said on Thursday.

Spain's BBVA raises bet on Turkey with $2.6 billion offer for Garanti

Nov 15 2021

MADRID (Reuters) -Spain's BBVA offered on Monday to buy the rest of Garanti for up to 2.25 billion euros ($2.6 billion), taking advantage of a slide in the lira and raising fears in Turkey that foreigners might snap up assets at bargain prices.

Double digit: Pain points for Turkey's lira at 10 to the dollar

Nov 12 2021

LONDON A slide in Turkey's lira to a record low of 10 to the dollar has cast a spotlight on the country's economic vulnerabilities.

Glencore ready to enter Chad debt talks, paving way for IMF program -sources

Nov 12 2021

LONDON/WASHINGTON (Reuters) -Glencore is ready to enter into negotiations on restructuring Chad's more than $1 billion of commercial debt, paving the way for the IMF to move forward with a lending program, sources familiar with the matter said on Thursday.

Turkey investors need to see clear, credible policy framework, EBRD chief says

Nov 12 2021

LONDON Investors need to see a clear and credible policy framework in Turkey, the President of the European Bank for Reconstruction and Development said, adding she had raised the issue of very high inflation with President Tayyip Erdogan during a visit.

EBRD ups regional 2021 growth forecast to 5.5%, warns of inflation, pandemic bumps

Nov 04 2021

LONDON The European Bank for Reconstruction and Development (EBRD) on Thursday lifted this year's growth forecast for the 37 countries in its region, but warned rising energy costs and slow COVID-19 vaccination progress dampened prospects ahead.

Ramping up rates: Emerging central banks feel inflation pain

Nov 03 2021

LONDON Finding themselves at the sharp end of a global inflation shock, emerging market central banks are expected to raise interest rates at a pace not seen in more than a decade -- moves bound to aggravate debt problems and hurt equity markets.

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