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Archive of Business

  • EBRD sees significant increase in Turkey investment this year

    EBRD sees significant increase in Turkey investment this year

    The European Bank for Reconstruction and Development (EBRD) will significantly increase investment in Turkey this year, a top official said on ...
    Business
  • Silicon Valley Bank collapse pushes hundreds to shift to JPMorgan and other US banks 

    Silicon Valley Bank collapse pushes hundreds to shift to JPMorgan and other US banks 

    A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co (JPMN) and Citigroup Inc (CN) from smaller ...
    Banking & Finance
  • How Washington came to rescue the failed US bank – a Silicon Valley Bank deep dive

    How Washington came to rescue the failed US bank – a Silicon Valley Bank deep dive

    After a frenetic weekend of round-the-clock briefings, US policymakers took the audacious step of guaranteeing all the deposits of the failed Silicon ...
    Banking & Finance
  • Saudi Arabia deposit of $5 bln enters Turkish central bank accounts: Bankers

    Saudi Arabia deposit of $5 bln enters Turkish central bank accounts: Bankers

    A deposit of $5 billion from the Saudi Fund for Development (SFD) entered the accounts of the Turkish Central Bank on Monday, bankers said on ...
    Economy
  • Jordan says S&P’s stable outlook shows confidence in IMF-backed reforms

    Jordan says S&P’s stable outlook shows confidence in IMF-backed reforms

    Jordan’s Finance Minister Mohamad al-Ississ told Reuters on Tuesday that S&P Global’s decision to maintain the kingdom’s sovereign credit rating at ...
    Business
  • Lebanese lira hits new historic low of 100,000 to the US dollar

    Lebanese lira hits new historic low of 100,000 to the US dollar

    Lebanon’s currency hit a new low of 100,000 to the US dollar on Tuesday, according to the unofficial market rates used by most of the country.The ...
    Economy
  • European Commission to revamp power market rules, aiming to blunt price spikes

    European Commission to revamp power market rules, aiming to blunt price spikes

    The European Commission is set to propose a revamp of Europe’s electricity market rules on Tuesday, aimed at expanding the use of fixed-price power ...
    Energy
  • Russian ruble soars as US banking intervention hurts dollar

    Russian ruble soars as US banking intervention hurts dollar

    The Russian ruble shrugged off slumping oil prices to rise sharply against the dollar on Monday as US authorities launched emergency measures to shore ...
    Economy
  • US defense budget speeds toward $1 trillion, with China in mind

    US defense budget speeds toward $1 trillion, with China in mind

    The Pentagon intends to load up on advanced missiles, space defense and modern jets in its largest defense request in decades in order to meet the ...
    World News
  • Iraq seeks fiscal stability with 3-year budget

    Iraq seeks fiscal stability with 3-year budget

    Iraq's prime minister on Monday said his government had finalized a three-year budget for the oil-dependent economy traditionally plagued by budgetary ...
    Economy
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