Tag: Turkey


Yearly inflation in Turkey rises to new 24-year high of 85%

November 3, 2022

Via: ABC News

Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and […]


Turkey’s economic crisis has gone off the radar — but there’s a huge chance it could get a whole lot worse

August 24, 2018

Via: Business Insider

After the flare-up in Turkey which saw its currency drop 25% in a week, major tensions with the US, and even talk of its entire economy collapsing, things appear to have quietened down over the past few days, as the […]

Finance Tech, Liquidity

The ‘unraveling’ pound is on its worst run since the financial crisis — and it’s only going to go downhill

August 16, 2018

Via: Business Insider

LONDON — The pound is on its longest losing streak against the dollar since the depths of the financial crisis as a perfect storm “unravels” the UK’s currency. After a strong start to 2018, the pound has slumped in recent […]

Finance Tech, Liquidity

The lira surged 7% after Turkey hit back at US ‘attacks’ by slapping American cars, alcohol, and tobacco with huge tariffs

August 15, 2018

Via: Business Insider

LONDON — Turkey’s downtrodden currency, the lira, surged on Wednesday morning hours after the country’s government hit back at what it believes are “deliberate attacks” against its economy by the US, by levying significant tariffs against American goods. Around 8.00 […]

Finance Tech, Trading

U.S. stocks poised to come under pressure as Turkey weighs on global markets

August 13, 2018

Via: Market Watch

U.S. stock indexes appeared set to stumble early Monday as turmoil in Turkey eroded appetite for risk on Wall Street. What are benchmarks doing? Futures for the Dow Jones Industrial Average YMU8, -0.29% were off 94 points, or 0.4%, at […]