Tag: movement of capital abroad
Yuan near record low – FX analysts expect continued weakness
Frankfurt The extent of the current weakness of the Chinese currency, the yuan, can be seen from a report: Last week, the Chinese central bank felt compelled to refer to…
India targets Deutsche Bank for Xiaomi remittances
Deutsche Bank AG The banks had received the notifications because they allegedly had allowed such transfers abroad without a corresponding examination and request for the necessary documents. (Photo: dpa) New…
State banks stop support purchases – lira falls by seven percent
Mehmet Simsek The markets have already speculated on this: state intervention is falling under the new finance minister. (Photo: Reuters) Istanbul The Turkish lira fell the most against the US…
State banks stop support purchases – lira falls by seven percent
Mehmet Simsek The markets have already speculated on this: state intervention is falling under the new finance minister. (Photo: Reuters) Istanbul The Turkish lira fell the most against the US…
European stocks are falling out of favor with investors
Bull and bear symbols on one screen Stock markets are rising, but investors are anything but bullish. (Photo: dpa) Frankfurt The Dax is approaching the 16,000 point mark, and the…
The Turkish lira is under pressure ahead of elections
Istanbul, Frankfurt Turkish President Recep Tayyip Erdogan has difficult weeks ahead of him. According to polls, he will have to fear for his office in the elections in May. Probably…
Why foreign exchange is now also being traded at the Istanbul Bazaar
Bazaar in Turkey The fact that currency trading is now taking place in the bazaar is due to the policy of President Recep Tayyip Erdogan before the elections in May.…
Baerbock calls on China to persuade Putin to end the war
Annalena Baerbock in China The German Foreign Minister criticizes China’s attitude towards Russia. (Photo: dpa) Beijing Foreign Minister Annalena Baerbock has called on China to exert more influence on Russia…
What makes the currency in Mexico so strong right now
Mexican pesos The peso confirms its trend of the past few years and takes the lead in 2023. (Photo: Reuters) Mexico City When the Silicon Valley Bank collapsed in the…
Russia apparently buys a lot of gold from its own production
gold bar Russia is one of the largest gold producers in the world, but can no longer sell it so easily because of Western sanctions. (Photo: dpa) Frankfurt Central banks…
Russia apparently buys a lot of gold from its own production
gold bar Russia is one of the largest gold producers in the world, but can no longer sell it so easily because of Western sanctions. (Photo: dpa) Frankfurt Central banks…
US national debt hits record high of $31 trillion
Washington The USA started the new financial year with a record national debt of more than 31 trillion US dollars (31 trillion euros). Debt stood at $31.1 trillion on Tuesday,…
Yuan falls to record low – central bank under pressure
Chinese yuan The currency comes in an onshore variant, which is legal tender in China, and an offshore entity, which is traded abroad. Both are currently under a lot of…
The central bank makes the next interest rate cut
Central Bank in Beijing With the easing of monetary policy, the Chinese central bank stands out internationally. (Photo: Reuters) Beijing The Chinese central bank is trying to counteract the economic…
Erdogan wants to lower interest rates further – lira gives way
Turkey Inflation in Turkey is 73.5 percent. (Photo: imago images/NurPhoto) Istanbul Turkish President Recep Tayyip Erdogan announces further interest rate cuts by the central bank despite inflation exceeding 70 percent.…
Who are the biggest funders
The Covid pandemic and the war in Ukraine have thrown back developing and emerging countries in their fight against hunger and poverty. Now there are also signs of bottlenecks in…
The euro needs fiscal unbundling
When the corona pandemic hit the euro zone in early 2020, many politicians and voters were appalled to find that they lacked fiscal or monetary policy leverage to counter the…
Russia pays off dollar bonds in rubles for the first time
Kremlin chief Vladimir Putin In total, Russia has 15 outstanding international bonds with a face value of around $40 billion. (Photo: AP) Moscow Russia is getting closer to bankruptcy: for…
Will Russia really go broke soon?
Mural of Russian leader Vladimir Putin The confidence of foreign investors is gone. Russian bond prices have collapsed. (Photo: dpa) Frankfurt Does the Kremlin pay or not? A new chapter…
Russia pays interest on seven bonds – litmus test to come
Central Bank of Russia The payments are seen as another test of whether the government in Moscow can meet its international obligations and serve investors. (Photo: Reuters) Berlin According to…