SUBSCRIBERS
Turkey investors take fright at post-poll uncertainty
Published Mon, Jun 8, 2015 · 09:50 PM
Istanbul
TURKISH investors on Monday took fright at a new period of political uncertainty after legislative elections, with shares tumbling over six per cent and the lira hitting a new record low against the dollar.
Turkey's central bank acted swiftly to give some support to the pressured Turkish lira, saying that it was pruning its short-term foreign exchange deposit rates effective Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations