Tag: Financial markets
Turkish lira dips to record low over Erdogan rate comments
ANKARA, Turkey — The Turkish lira dipped to new record lows on Wednesday after President Recep Tayyip Erdogan rattled investor confidence by saying he...
UN says pandemic created an `unparalleled’ employment crisis
UNITED NATIONS — The COVID-19 pandemic has created an “unparalleled” global labor market crisis that will affect the employment market for years, the International...
UN tribunal for Lebanon may fold due to funding crisis
BEIRUT — A U.N.-backed tribunal investigating the 2005 assassination of former Lebanese Prime Minister Rafik Hariri said Wednesday it is facing a severe funding...
Lebanese leaders exchange barbs as country sinks into crisis
BEIRUT — Lebanon’s president and prime minister-designate traded barbs Wednesday, accusing one another of obstruction, negligence and insolence in a war or words that...
China’s central bank tries to stop surge in currency’s value
BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than...
OPEC and allies expected to gradually increase output
FRANKFURT, Germany — Members of the OPEC oil cartel and allied producing countries are juggling conflicting pressures in global oil markets as they establish...
US sells off Iranian crude oil seized off coast of UAE
DUBAI, United Arab Emirates — The U.S. has sold some 2 million barrels of Iranian crude oil after seizing an oil tanker off the...
Pope invites Lebanese Christians to Vatican for peace prayer
VATICAN CITY — Pope Francis has invited representatives of Lebanon’s Christian community to the Vatican on July 1 for a day of prayer and...
Pandemic or no, CEO pay rises again. Typical package: $12.7M
NEW YORK — As COVID-19 ravaged the world last year, CEOs’ big pay packages seemed to be under as much threat as everything else....