Tag: Foreign capital movements
Euro exchange rate as low as it was last in summer 2020
Euros and dollars The majority of global transactions are processed in these two currencies. (Photo: AFP) Frankfurt The euro fell further on Friday and hit a low for over a…
How far will interest rates rise in emerging markets?
São Paulo, Brazil Inflation in Brazil could reach over seven percent this year. (Photo: imago stock & people) Frankfurt Brazil’s central bank is currently one of the most active in…
Another dollar billionaire in China almost every day
first place Zhong Shanshan heads Nongfu Spring, the largest beverage company in China. Shanghai Almost every day China has an extra dollar billionaire, according to a report. Their number rose…
Turkish lira falls to record low
Turkish currency The Turkish president calls for lower interest rates. (Photo: imago images / NurPhoto) Dusseldorf The expectation of a further interest rate cut by the Turkish central bank is…
Evergrande sells $ 1.5 billion stake in Shengjing Bank to state-owned company
Evergrande in Hong Kong The real estate company leaves no stone unturned to make money. (Photo: Reuters) Hong Kong In search of cash, the insolvent real estate company China Evergrande…