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Turkish Lira Plunged Again on Erkan’s Resignation and Poor Inflation Data
News
Turkish Lira Plunged Again on Erkan’s Resignation and Poor Inflation Data
Feb 06, 2024
The Turkish lira is under pressure again, because of a combination of factors, including just another jaw-dropping...
Macy's Shares Surged 20 Percent in Premarket after Buyout Offer
News
Macy's Shares Surged 20 Percent in Premarket after Buyout Offer
Dec 11, 2023
Macy's (M) stock traded up more than 20% for $20.85 in premarket trading in the early premarket trading in New York...
Turkey's Central Bank Raises Key Rate to 25 Percent
News
Turkey's Central Bank Raises Key Rate to 25 Percent
Aug 25, 2023
Yesterday, on August 24, the Central Bank of the Republic of Turkey (CBRT) raised its key discount rate by 750 poin...
Macy's Generally Beat Forecasts, but Offered No Recipe against Comp Sales’ Drop
News
Macy's Generally Beat Forecasts, but Offered No Recipe against Comp Sales’...
Aug 23, 2023
Macy’s (M) published yesterday a generally downbeat quartely earnings report, showing that its traditional OTC sale...
Turkish Lira Sinks to Fresh Lows Defying the Central Bank’s Interest Rate Hike
News
Turkish Lira Sinks to Fresh Lows Defying the Central Bank’s Interest Rate H...
Jun 23, 2023
The Turkish lira “welcomed” the new head of the Central Bank of Turkey, and it seems that the markets do not yet be...
High Inflation, Depletion of Foreign Reserves Make Turkish Lira More Exposed to Accelerating Decline
News
High Inflation, Depletion of Foreign Reserves Make Turkish Lira More Expose...
May 23, 2023
The steep decline in the level of foreign exchange reserves of Turkey's central bank raised fears of an impending "...
Turkish Lira: Broken, but Not Defeated
News
Turkish Lira: Broken, but Not Defeated
Apr 18, 2023
According to Bloomberg, Turkey’s central bank has requested local lenders to limit the amount of dollar purchases t...