Recent Posts

Turkey bank under stress to lower cost of borrowing

ANKARA / Reuters Turkey’s central bank should have cut interest rates more at this week’s policy meeting, an aide to President Tayyip Erdogan said, in a sign the central bank is likely to remain under pressure to lower the cost of borrowing. The bank kept its benchmark rate steady for the 13th straight month this week, but cut the upper ...

Read More »

Deutsche to add 100 people for equities under Cryan overhaul

Bloomberg Deutsche Bank AG, Europe’s biggest investment bank, will hire about 100 people across equities trading as it seeks to expand the business and reduce reliance on desks dealing in bonds, according to a person with knowledge of the matter. The hires will include roles in research, sales, technology and prime services, the business that caters to hedge funds, according ...

Read More »

Lebanon’s stalemate costs billions: WB

BEIRUT / AP Hundreds of millions of dollars in assistance money for cash-strapped Lebanon is being held up because of the country’s nearly two-year-old political stalemate, the president of the World Bank group warned, imploring the country’s politicians to vote for a president who can enact laws. In an interview in the Lebanese capital Beirut, Jim Yong Kim also said ...

Read More »
Send this to a friend