Turkey central bank keeps rate on hold despite currency drop

ISTANBUL (AP) — Turkey’s Central Bank kept its key interest rate on hold at 10.25% on Thursday, despite market expectations for an increase that would help support the currency. The ...

Fed survey finds tepid growth as US economy battles pandemic

WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented m...

Why India and Pakistan are wrangling over money launderer Altaf Khanani 

Altaf Khanani was considered one of the world's most-wanted money launderers. The Pakistani fraudster was involved in the illicit international movement of money between countries like Pakistan, t...

Europe's central banker: Recovery 'risks losing momentum'

FRANKFURT, Germany (AP) — The head of the European Central Bank says that the economic recovery “risks losing momentum” due to the second wave of coronavirus infections and that the chief monetary aut...

Asian markets start on firm footing on vaccine, U.S. aid hopes

SYDNEY (Reuters) - Asian markets started higher on Monday, buoyed by hopes of a U.S fiscal package before the U.S. presidential elections next month and expectations of a coronavirus vaccine by the en...

Lebanon: Anti-government protesters mark one year of 'revolution'

Anti-government protesters rallied across Lebanon on Saturday, marking a year since hundreds of thousands of people first came out on streets to protest taxes, corruption and poverty. "We will c...

Dark déjà vu for European economy as virus cases spike

LONDON (AP) — Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases this month is a bitter blow that will likely ...

After Lebanese revolt's fury, waning protests face long road

BEIRUT (AP) — A year ago, hundreds of thousands of Lebanese took to the streets protesting taxes and a rapidly deteriorating economic crisis. A spontaneous and hopeful nationwide mo...

EU slaps sanctions on 7 new Syria government ministers

BRUSSELS (AP) — The European Union on Friday imposed sanctions on seven ministers recently appointed to the Syrian government, blaming them for playing a role in the continued crackdown on civilians i...

South Africa extends relief grants to help poor amid virus

JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed who have been hurt by the economic...

Turkey's opposition on the rise

Turkish President Recep Tayyip Erdogan and his ruling Justice and Development Party (AKP) are used to success, having dominated politics in the country for almost two decades. But they currently find ...

Coronavirus: Europe's banks struggle to survive a second wave

European banks have been urged to scour their balance sheets for bad loans amid growing concerns that write offs across the eurozone could exceed the 2008/09 financial crisis. Andrea Enria, chair of ...

Asian shares mixed as China reports faster growth in trade

Shares were mixed in Asia on Tuesday, as investors were encouraged by strong growth in China's trade in September. An overnight rally on Wall Street, driven mainly by technology comp...

Bank of England asks banks on readiness for negative rates

LONDON (AP) — The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank is moving closer to cutting its key interest rate below...

Asian shares mostly higher after US rally, aid package hopes

TOKYO (AP) — Asian shares were mostly higher in muted trading Monday, as worries about the pandemic kept optimism in check despite a rally that closed out last week on Wall Street. ...