Turkey’s Lira Extends Rally After Central Bank’s Jumbo Rate Hike
The lira extended its rally to over 6% against the US dollar after the Turkish central bank raised interest rates far more than expected on Thursday.
Bloomberg Business
Lira Rallies as Turkey Stuns With Biggest Rate Hike in Years
Turkey raised interest rates far more than investors expected, triggering a rally in the lira, in the latest sign that a new lineup of central bankers favors aggressive moves to curb inflation running near 50%.
Nasdaq Futures Jump as Nvidia Stokes Tech Rally: Markets Wrap
Nasdaq futures rallied as a strong outlook from Nvidia Corp. gave fresh impetus to the artificial intelligence hype that’s boosting tech stocks this year.
Barnacles May Help Solve Mystery of Missing MH370 Plane
New research suggests the aircraft may have drifted “far south” of where previously thought.
India Rate Panel Bats for Close Price Monitoring, Minutes Show
India’s rate setters looked past the recent spike in food inflation but pledged to act tough if price pressures persist, according to the minutes of the August monetary policy meetings released Thursday.
NYC’s Most Exciting New Fine Dining Restaurant Is in a Subway Station
At the Korean-influenced Nōksu, where meals start at $225, the entrance is on the way to the F train.
Bitcoin Miners’ Stock Market Lifeline Becomes Irritant to Shareholders
The equity lifeline used by many Bitcoin miners to help weather the most recent crypto winter is beginning to irk some shareholders.
Another Metals Trader Says It Has Been Hit by a Nickel Fraud
Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble.
Meituan Records Fastest Growth Since 2021 Despite a Downturn
Meituan posted its fastest pace of revenue expansion since 2021 after dining and travel bounced back from Covid-Zero depths, yet executives warned that economic uncertainty should begin to eat into growth this quarter.
Kenya Lawmakers Grant Locals 40% of Profits From Carbon-Credit Projects
Kenyan lawmakers passed legislation that host communities receive 40% of profit generated from land-based emissions offset projects.