Turkey Crisis

• Turkey Hits Brakes on Rates But Doesn't Rule Out Further Hikes

  Turkey’s central bank will keep its benchmark unchanged at 24%, according to all but four of 29 economists in a Bloomberg survey.

• Turkish Bank Earnings to Reveal More Scars of a Battered Economy

  Spiraling inflation, a surge in interest rates and a plunge in the lira amid tensions with the U.S. are battering the economy.

• RBI Hung Rupee Out to Dry During Emerging Market Selloff

  RBI hardly intervened to support the rupee during the Turkey crisis two weeks ago, Bloomberg Economics’ estimate.

• Turkey Holiday Eases Gloom as Trump Tweets Dominate: EM Review

  MSCI Emerging Markets Currency Index halted a three-week slide, gaining 0.3 percent.

• Crude Edges Higher Amid Low-Volume Trading and Dollar's Decline

  Meanwhile, OPEC and allies are currently restoring output target set in late 2016 after a period of cutting supplies excessively.

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  Explainer: Why Some Current Account Imbalances Are Fine But Others Are Catastrophic

  Being a net borrower or net lender is not usually bad in itself – it depends on what is happening to the money.

• U.S. Sanctions Bring Stress to Already-Battered Emerging Markets

  Trump imposed new sanctions on Turkey, Russia and Iran in 2018.

• Major Central Banks Are Too Hawkish

  Don’t be surprised if there’s a switch to a sort of global synchronized easing.

• Turkey Cut Deeper Into Junk as S&P Sees Recession Next Year

  Turkey’s credit rating was cut further into junk Friday by S&P Global Ratings and Moody’s Investors Service.

• Why Can't Turkey Stop Its Economic Nose-Dive?

  What’s gone wrong with Turkey’s economy?

• With Stakes Rising, Merkel Enters the Fray to Calm Turkey Turmoil

  Angela Merkel is reminding Turkish President Recep Tayyip Erdogan that he has a potential ally in Berlin.

• Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

  U.S. is ready to slap Turkey with more sanctions if President Erdogan refuses the quick release of an American pastor. 

• Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

  U.S. is ready to slap Turkey with more sanctions if President Erdogan refuses the quick release of an American pastor. 

• Deutsche Bank, Barclays Fortunes Differ in Turkish Turmoil Bets

  Deutsche Bank Traders Reaped $35 Million on Turkey Turmoil

• How Turkey Could Still Go All Wrong

  Shoring up the lira hasn’t solved the underlying problems of Turkey.