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Brazil's government canceled an announcement for a generous new welfare program on Thursday, after a central bank currency intervention failed to calm market concerns about looser government spending ahead of next year's election. ....
Turkey's central bank would likely cut its key rate by another 100 basis points on Thursday, after surprising markets with an equal easing last month, pushing the lira to a record low 9.8 versus the dollar by year end, Societe Generale said on Tuesday. ....
The cost of insuring exposure to Turkey's sovereign debt jumped to more than six-month highs on Thursday after President Tayyip Erdogan dismissed three central bank monetary policy committee(MPC) members in the latest shake-up. ....
Turkish President Tayyip Erdogan dismissed three central bank monetary policy committee (MPC) members on Thursday, appointing two new members in their place, the latest in a series of personnel changes in the bank's top management. ....
Turkey's President Tayyip Erdogan dismissed three central bank monetary policy committee (MPC) members on Thursday, appointing two new members in their place, the country's Official Gazette said, sending the lira to fresh record lows. ....