Turkey: Central bank holds rates in first meeting with new chief

Turkey’s central bank left its benchmark interest rate unchanged but removed a pledge to deliver additional tightening in the first…

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US stocks end mixed despite stellar bank earnings

Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks’ stellar…

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US Federal Reserve chair says economy at ‘inflection point’

Federal Reserve Chair Jerome Powell said the U.S. economy is at an “inflection point” with stronger growth and hiring ahead…

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Foreign lenders cutting ties with Lebanon’s central bank: Sources

Foreign lenders including HSBC and Wells Fargo are cutting ties with Lebanon’s central bank, sources familiar with the matter told…

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Powell: ‘We’ll emerge from this crisis stronger and better’

The United States economy will emerge from the COVID-19 crisis on better footing, Federal Reserve Chairman Jerome Powell wrote in…

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Lira surges after Turkey’s central bank hikes interest rates

Turkey’s central bank resumed raising interest rates after surging oil prices and lira volatility sent inflationary risks climbing. The lira…

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