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South African rand inches up from record low after Thursday slump - Vimarsana News

South African rand inches up from record low after Thursday slump

The South African rand made a marginal recovery early on Friday from a new record low struck overnight, after a central bank interest rate hike failed to impress some traders and economists.

Top US credit rating under watch as debt ceiling talks drag on - Vimarsana News

Top US credit rating under watch as debt ceiling talks drag on

Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets and fanned worries about the economic impact of a possible default.

Turkish lira nears record low of 20 vs dollar ahead of election runoff - Vimarsana News

Turkish lira nears record low of 20 vs dollar ahead of election runoff

The Turkish lira weakened to a record low of 20 against the dollar on Friday, ahead of this weekend's presidential election runoff which will decide whether President Tayyip Erdogan extends his rule into a third decade.

Exclusive: Deutsche Bank used big trades to raise cash in March turmoil - Vimarsana News

Exclusive: Deutsche Bank used big trades to raise cash in March turmoil

As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said.

Kenya's central bank to hold rates at 9.50% on May 29 - Reuters poll - Vimarsana News

Kenya's central bank to hold rates at 9.50% on May 29 - Reuters poll

Kenya's central bank will hold interest rates at 9.50% on Monday as authorities have probably done enough to slow consumer price rises, a Reuters poll found on Friday.