AFP Turkey’s central bank on Tuesday cut its main interest rate by 25 basis points, defying a sharp jump in inflation following the failed July 15 coup. The central bank said the overnight lending rate was trimmed to 8.5 percent from 8.75 percent and its one-week repurchasing rate remained stable at 7.5 percent. The overnight borrowing rate also remained ...

  Bloomberg Eight years after the financial crisis, Europe’s biggest investment banks are holding illiquid assets amounting to more than half their combined shareholders’ equity, underlining concerns about capital. Deutsche Bank AG, Credit Suisse Group AG and Barclays Plc say their hardest-to-value securities — known as Level 3 assets — were worth $102.5 billion at the end of June. These ...

  Bloomberg Qantas Airways Ltd. shareholders have cheered Chief Executive Officer Alan Joyce’s efforts to turn around the marquee Australian carrier, helping the stock more than triple in under three years. Now they want to see a roadmap for reinstating dividends. Australia’s biggest airline, which has withheld dividends for seven years, is expected to announce Wednesday record annual profit because ...