Turkish stocks slide in ‘fund run’ as investors withdraw $1bn
Index provider MSCI raises prospect of cutting Turkey from emerging market to frontier status amid accusations of ‘co-ordinated trading’ by fund managers
Economic news
Read More
Traders expect Fed to raise interest rates for first time in 3 years
Kevin Warsh under pressure to tame stubbornly high inflation in move that could draw the ire of Donald Trump weeks out from US midterm elections
Oura will struggle to justify pulse-racing $16bn valuation
The health technology company needs more than celebrity endorsements
Chinese oil prices hit record highs after attacks on Saudi pipeline
Beijing has cushioned global impact of Iran war by drawing down stocks but is now ‘coming off its crash diet’
Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per household
Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.
Hormuz crisis threatens to undermine long-term LNG demand
Soaring prices drive search for alternatives in key Asian markets