ECONOMY & MARKETS

Turkey's Trade Deficit Surges, Energy Costs Add To Risks

Locals and foreign tourists shop at the Grand Bazaar in Istanbul, Turkey, October 21, 2021.
Turkey's trade deficit widened 186% year-on-year in the first two months of the year due to a surging energy bill, data showed on Wednesday, as soaring commodities prices prompted economists to raise their current account deficit forecasts.
Bank of Canada Governor Tiff Macklem speaks during a news conference in Ottawa, Ontario, Canada December 15, 2021.

Bank Of Canada Seen Set To Hike For First Time Since 2018

The Bank of Canada is poised to hike its key overnight interest rate for the first time in three years on Wednesday, kicking off a string of increases geared at curbing hot inflation even as Russia's invasion of Ukraine adds to global uncertainty.
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Logo at an Apple store in Washington, U.S., January 27, 2022.

Global Brands Exit Russia Over Ukraine Invasion

From Canada Goose parkas and the latest iPhone to spare parts for aircraft engines and even some of the planes themselves - the list of goods, consumer and industrial, that will no longer be sold in Russia is growing longer with every day.
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Tiny Imploding Russia Fund Draws Rush Of Options Bets

Options on a small, soon-to-be defunct exchange-traded fund tracking Russian stocks drew a rush of trading on Tuesday, as investors placed bets on what the fund's shares will do in its last few days of trading.

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