Bloomberg Weak News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Turkey Central Bank Says Rates Won’t Be Cut Quickly After Pause Bloomberg 1/21/2021 Cagan Koc (Bloomberg) -- Turkey’s central bank left its benchmark interest rate unchanged at 17% at the first monetary policy meeting of the year, pledging to keep it elevated for an “extended” period. The lira rose. The Monetary Policy Committee’s decision was in line with the forecasts of most analysts in a Bloomberg survey. The dissenters, including economists at Morgan Stanley and Societe Generale SA, had predicted an increase of 50 to 100 basis points. The committee “has deci...

Sugar Powers Toward Longest Rally in 14 Years as Supply Ebbs Bloomberg 12/31/2020 Marvin G. Perez and Manisha Jha (Bloomberg) -- Raw-sugar futures rose, heading for the longest streak of monthly gains since 2006 as demand increases at a time of diminished supplies. Key buyers Indonesia and China are ramping up imports of the sweetener, while a drought curbs prospects in top shipper Brazil and Thailand contends with a lower crop outlook. Drier-than-normal conditions over Brazil’s Center-South cane-growing areas are expected to result in a decline in the nation’s 2021-22 p...