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Volatile Turkish lira slips again after attempt to quell selloff
By Nevzat Devranoglu and Daren Butler ISTANBUL (Reuters) – Turkey’s lira slipped in volatile trade on Monday after new government limits on banks’ foreign-exchange helped the currency briefly erase Friday’s sharp losses before selling resumed. Investors and traders said the whip-saw trading – after weeks in a narrow range – suggested Turkish state banks were […]
Daily Mail publisher close to deal with pension trustees over Rothermere offer
FILE PHOTO: A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville/File Photo(Reuters) – The owner of Britain’s Daily Mail said on Tuesday it was close to agreeing a deal with its pension trustees that could see Rothermere Continuation Ltd pay them […]
Helicopters? Bailouts? Central banks move to stem coronavirus crisis
By William Schomberg and Howard Schneider LONDON/WASHINGTON (Reuters) – Central banks are pulling out all the stops to try to shield their economies from the new coronavirus pandemic, raising questions about whether they risk crossing a line by bailing out governments that are massively raising their spending. Below is a summary of what leading central […]