ECONOMY & MARKETS

Turkish Lira On Slow Slide In Search Of FX Relief

People change money at a currency exchange office in Istanbul, Turkey May 17, 2022.
The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government's foreign exchange policy in the face of surging inflation and fears of global recession.
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A man wearing a protective mask walks past the Church of St. Louis of the French (San Luigi dei Francesi) in Rome on March 1, 2020

Bank Of Japan Board Reshuffle Brings In Less Dovish Members

The Bank of Japan's two new policymakers said on Monday the central bank needs an exit strategy from its massive stimulus, a sign the board's balance could tilt in favour of a withdrawal of Governor Haruhiko Kuroda's radical monetary easing.
A vehicle drives past a screen displaying the Hang Seng stock index at Central district, in Hong Kong, China July 19, 2022.

Stocks Weaken As Growth Slowdown Fears Cloud Start Of Week

Stocks headed lower on Monday with investors in a cautious mood ahead of the Federal Reserve's two-day policy meeting and what could be the latest central bank signal of an even faster pace of tightening just as signs of a global slowdown mount.
Customers walk past vegetables on a makeshift stall in a market in Mexico City, Mexico April 8, 2022.

Mexico's Inflation Higher Than Expected In Early July

Mexican consumer prices rose higher than expected in early July, official data showed on Friday, boosting expectations of further interest rate hikes as the central bank struggles to tame stubbornly high inflation.
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S&P 500, Nasdaq Fall As Social Media Stocks Drag

The S&P 500 and the Nasdaq fell on Friday as social media and ad tech firms led declines after dismal quarterly revenue from Twitter and Snap, while an upbeat forecast from American Express kept the Dow afloat.
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Social Media Stocks Set To Weigh On S&P 500, Nasdaq At Open

The S&P 500 and the Nasdaq headed for a lower open on Friday as social media and ad tech firms led declines after dismal quarterly revenues from Twitter and Snap, while an upbeat forecast from American Express looked set to boost the Dow.

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