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Turkish lira at new low after Erdogan sacks bank officials

The Turkish lira dropped to a new low early Thursday after three central bankers were fired in an overnight decree signed by Turkish President Recep Tayyip Erdogan. The officials were dismissed follo...

As Lebanese got poorer, politicians stowed wealth abroad

BEIRUT (AP) — A trove of leaked documents confirmed that for years, Lebanon’s politicians and bankers have stowed wealth in offshore tax havens and used it to buy expensive properties — a galling reve...

Taiwan sees upside from China power curbs if orders shifted

Taiwan may benefit from orders being shifted to the island if China's power curbs disrupt the country's exports, Taiwan Central Bank Governor Yang Chin-long said on Thursday. The world'...

As tensions rise, Lebanese protest port blast suspension

BEIRUT (AP) — Hundreds of Lebanese, including families of Beirut port explosion victims, rallied Wednesday in the capital to support the judge investigating the blast after he was forced to suspend hi...

France pledges support for Lebanon's new prime minister

PARIS (AP) — French President Emmanuel Macron welcomed Friday Lebanon’s new prime minister at the presidential palace, wishing him success and promising France would continue to support the crisis-str...

Taiwan central bank likely to freeze key interest rate: Survey

TAIPEI (Taiwan News) — The next meeting of Taiwan's monetary policy committee is scheduled on Thursday (Sept. 23), and the body is expected to keep the discount rate at 1.125% for the sixth ...

Taiwan Central Bank governor receives A- rating

TAIPEI (Taiwan News) — Central Bank Governor Yang Chin-long (楊金龍) has received an “A-" rating from Global Finance magazine, ending up in the same category as United States Federal Res...

American Institute in Taiwan director calls on economic affairs minister

TAIPEI (Taiwan News) — American Institute in Taiwan (AIT) Director Sandra Oudkirk on Tuesday (Aug. 24) met with Taiwan's Minister of Economic Affairs Wang Mei-hua (王美花) to talk about bilater...

Military flights out of Kabul airport resume — live updates

Flights out of Kabul resumed at 2:35 a.m. local time Western leaders address the situation unfolding in Afghanistan The Indian Embassy is the latest to announce it is closing Malala Yousafzai says ...

Taiwan Central Bank's 'govcoin' not ready for rollout yet

TAIPEI (Taiwan News) — Taiwan's Central Bank disclosed on Thursday (June 17) the country has been working on a pilot platform for a potential Central Bank digital currency — though the...

As Lebanese cry for justice, politics paralyzes the system

BEIRUT (AP) — Even after she was taken off an investigation into alleged financial crimes by a money transfer company, the defiant Lebanese prosecutor charged ahead. She showed up at the company’s off...

Former governor of Taiwan's Central Bank awarded honorary doctorate

TAIPEI (Taiwan News) — Former Central Bank Governor Perng Fai-nan (彭淮南) on Thursday (April 29) accepted an honorary doctoral degree in economics from National Tsing Hua University (NTHU) for his...

Syria devalues its local currency against the U.S. dollar

BEIRUT (AP) — Syria devalued the official price of its local currency on Thursday two days after the central bank governor was sacked, state media reported. The decision came after ...

Turkish central bank maintains key rate unchanged at 19%

ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise appointment of a new governor that shook confidence in ...

Yellen to label Taiwan 'currency manipulator,' let China off hook

TAIPEI (Taiwan News) — In an apparent disconnect with the Biden administration's vow to hold Beijing accountable for unfair trade practices, U.S. Secretary of the Treasury Janet Yellen appea...