Why Scott Bessent should pay attention to Turkey’s market scandal
It does not take a fraud to cause problems when markets get overstretched
Economic news
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Come on Latin America, you owe me one
After years and months of underperformance, I’m feeling lucky this time
Turkey moves to liquidate funds at centre of ‘Ponzi-like scheme’
Big local banks to sell assets in funds held by 300,000 investors amid fears of inflated valuations
Venezuela nears deal to tap disputed $4bn gold reserve
Agreement would shift gold from London to New York and enable interim government of Delcy Rodríguez to access funding
Why Al Gore welcomes China’s ‘unilateral leadership’ on climate
Beijing set to exert a new level of influence, says former US vice-president
Yen sinks after BoJ raises rates to highest since 1995
Hawkish comments by BoJ governor fail to arrest renewed slide in currency after borrowing costs lifted to 1.25%