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