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Turkey eases payment instalment rules to spur domestic spending

Turkey eases payment instalment rules to spur domestic spending

Turkey eased rules on payment instalments for various goods, the state-run Anadolu Agency reported, citing regulation published by the official gazette, which may spur domestic spending to support the economy.

Turkey abuzz with talk of swaps revolution as new gauge debuts

Turkey abuzz with talk of swaps revolution as new gauge debuts

Speculation is building in Turkey that a new lira reference rate introduced this week will help resuscitate the nation’s struggling market for interest-rate swaps. The Istanbul exchange started publishing quotes for the Turkish lira overnight reference rate, or TLREF, on Monday.

Asean leaders throw weight behind China-led trade pact

Asean leaders throw weight behind China-led trade pact

Southeast Asian leaders gathered in Bangkok yesterday determined to drive forward the world’s largest commercial pact, with the trade war between the US and China clouding the outlook for their export-led economies.

Infosys creates 36% return for shareholders in FY19

Infosys creates 36% return for shareholders in FY19

Infosys, the global software services major, generated 36% return for shareholders in 2018-19, said a top official here yesterday. “We generated 36% total shareholder return for FY19.

Doubts surround forex rate stability in Pakistan

Doubts surround forex rate stability in Pakistan

Currency exchange rate remained relatively steady during the week ended on Friday in Pakistan but analysts fear the stability may be short-lived as foreign exchange reserves continue to decline.

Oil, gold, stocks and bonds post best combined rally since 2011

Oil, gold, stocks and bonds post best combined rally since 2011

One crossed-out word was all it took to send financial markets into a unified celebration that has few precedents in the past decade. Stocks rose to records, bonds surged, oil jumped almost 10% and even gold got into the act, as traders celebrated a dovish conversion at the Federal Reserve.

GE to scrap California power plant 20 years early

GE to scrap California power plant 20 years early

General Electric Co said on Friday it plans to demolish a large power plant it owns in California this year after only one-third of its useful life because the plant is no longer economically viable in a state where wind and solar supply a growing share of inexpensive electricity.

Wall Street investors set sights on G20 summit

Wall Street investors set sights on G20 summit

All eyes will be on US President Donald Trump and China’s President Xi Jinping this week as investors are desperate for any signs of a thaw in US-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.

Seetharaman honoured with ‘Best CEO of the Century for Peace and Humanity’ award by WHD London

Seetharaman honoured with ‘Best CEO of the Century for Peace and Humanity’ award by WHD London

A top official of one of Qatar’s largest private commercial banks has recently received the ‘Best CEO of the Century for Peace and Humanity’ award by World Humanitarian Drive (WHD) London at the Trilateral Global Summit, which was hosted by WHD in London.

Market expectations about deep rate cuts in 2019 exaggerated: QNB

Market expectations about deep rate cuts in 2019 exaggerated: QNB

Despite domestic and external headwinds, bond market expectations about deep rate cuts in 2019 are exaggerated and unlikely to be necessary, although Fed is under pressure to cut rates, QNB has said in an economic commentary.

QNB bags 'Best Trade Finance Bank in Qatar' award by Global Trade Review

QNB bags 'Best Trade Finance Bank in Qatar' award by Global Trade Review

QNB Group recently received the “Best Trade Finance Bank in Qatar” award by Global Trade Review as part of its GTR Leaders in Trade 2019 awards programme.

Qatar’s pace of development to continue well beyond 2022: Sheikh Mohamed

Qatar’s pace of development to continue well beyond 2022: Sheikh Mohamed

Qatar’s pace of development will continue well beyond 2022, when the country proudly hosts the FIFA World Cup, says Aamal CEO and managing director Sheikh Mohamed bin Faisal al-Thani.

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