Markets

Turkey’s central bank is boosting its reserves with ‘off balance sheet’ short-term swaps — and investors are aghast

Turkey’s central bank admitted that it has boosted its foreign currency reserves with an “off balance sheet” arrangement. The central bank bolstered its holdings with “unorthodox” short-term currency swap deals. When removed from the total, they leave a lower-than-expected figure in its foreign currency reserves, worrying investors and analysts, as […]
Turkey’s central bank is boosting its reserves with ‘off balance sheet’ short-term swaps — and investors are aghast
Markets

Turkey is investigating JPMorgan after the bank advised clients to short the lira

Turkey launched probes into JPMorgan after claiming that the bank’s research note suggesting investors short the country’s currency was “misleading and manipulative.” It’s not the first time the country has hit out at foreign investors over alleged currency issues with Turkey’s President, Tayyip Erdogan, warning they would pay a “heavy […]
Turkey is investigating JPMorgan after the bank advised clients to short the lira
Markets

Turkey’s lira is rallying after a $15 billion loan from Qatar

Turkey’s lira crashed to an all-time low against the dollar on Monday, but has since been recovering. Qatar boosted the emerging market currency on Thursday with a $US15 billion loan. You can follow the lira live on Markets Insider. The Turkish lira continued to retreat from its historic low against […]
Turkey’s lira is rallying after a $15 billion loan from Qatar
Markets

Turkey’s lira is rallying after a $15 billion loan from Qatar

Turkey’s lira crashed to an all-time low against the dollar on Monday, but has since been recovering. Qatar boosted the emerging market currency on Thursday with a $US15 billion loan. You can follow the lira live on Markets Insider. The Turkish lira continued to retreat from its historic low against […]
Turkey’s lira is rallying after a $15 billion loan from Qatar
News

10 things you need to know this morning in Australia

Good morning. 1. On markets today, Warren Buffet increased his stake in Goldman Sachs. George Soros made a big bet on Spotify and Pandora. A new study shows Trump’s trade war probably won’t achieve one of its biggest goals. And while global markets stabilised after Turkey’s crisis didn’t spread to […]
10 things you need to know this morning in Australia