Turkey Fund Outflows Mostly Moved to Bank Deposits, BofA Says
BofA Securities Inc said a large share of Turkish fund outflows stemming from a rout in September moved into bank deposits.
BofA Securities Inc said a large share of Turkish fund outflows stemming from a rout in September moved into bank deposits.
Goldman Sachs' Anthony Gutman said lower fiscal deficits are needed tackle surging bond yields.
Romania’s bonds and stocks rallied after S&P Global Ratings maintained an investment-grade credit score for the sovereign, providing a relief to the country struggling to overcome a political crisis.
Rising government debt levels strengthens the case for central banks to increase their gold holdings, according to Bundesbank President Joachim Nagel.
Nvidia Corp. partner Hon Hai Precision Industry Co. reported better-than-expected quarterly revenue, signaling sustained and elevated spending on global AI infrastructure.
Top officials in the US and India signaled that negotiations over a trade deal have reached an impasse that’s making it difficult to clinch an agreement.
Spanish Prime Minister Pedro Sánchez called an early election for Nov. 29 after parliament rejected a housing plan last week that his government had hoped would quell mounting social protests.
Nvidia Corp.’s price-to-earnings multiple and projected 70% earnings growth for next year demonstrate that artificial intelligence-driven technology stocks remain far from bubble territory, DBS Group Chief Investment Officer Hou Wey Fook said.
Turkish inflation continued to slow in September, raising the prospect of an interest rate cut at the next central bank meeting to help ease liquidity strains stemming from a domestic funds crisis.
Denmark suffered a major data breach that gave unauthorized individuals access to names, addresses and personal identification numbers belonging to about 8.8 million people registered in the country’s central population database.
BT Group Plc bought TalkTalk and PlatformX Communications Ltd. out of administration, preventing the collapse of a UK broadband provider that is also a major customer.
Vietnamese officials are warning of mounting challenges in pursuing the government’s ambitions of hitting 10% annual economic growth.
Protests demanding the ouster of India’s top election official and a halt to a contentious overhaul of voter rolls are gaining momentum ahead of key state elections.
Qualcomm Inc. has agreed to license patents underpinning Huawei Technologies Co.’s novel LogicFolding chipmaking technique, a win for the Chinese company and its push to advance in overseas AI markets.
European defense startups raised a record amount of capital this year, turning to US investors more than local funds for the first time.
Nearly 200 people are under medical observation in Russia’s Irkutsk region over suspected exposure to plague, according to local media reports.
Schneider Electric SE agreed to buy industrial software firm PTC Inc. for about $22.6 billion, stepping up its effort to tap into the artificial-intelligence boom with its biggest acquisition to date.
Moody's predicts that the world's aging populations will have fundamental impacts on the global economy and lead to difficult policy decisions.
A woman suspected of spying for China by surveilling the Taiwanese president’s son and his family has been arrested by the US before she could board a flight to Shanghai, according to the Federal Bureau of Investigation, as tensions linger between the rival superpowers.
The government of Róbert Fico plans to pass a law that may invalidate witness testimony in a landmark graft trial.
The euro fell to its weakest level since May 2025, as France’s deepening fiscal crisis and the prospect of fresh political upheaval in the region rattled European markets.
Malaysia plans to introduce its first dedicated artificial intelligence law in early 2027, as governments worldwide step up efforts to regulate the technology that’s drawing growing scrutiny over its risks and potential misuse.
Asia’s powerhouse economies are more at risk than most from a potential AI bust, which could undercut surging exports and send shockwaves across markets, a new study found.
Copper rose for a second session after a US employment report eased pressure on the Federal Reserve to raise interest rates.
Treasury yields above 5% are raising fears that higher borrowing costs could fuel a debt spiral.
Conservatives and allies of Flávio Bolsonaro surged in Brazil’s Senate elections, moving the right close to the votes needed to impeach Supreme Court justices and likely escalating its long-running confrontation with the judiciary.
Japanese companies are leaving China at record pace, as a diplomatic freeze and a slowing economy force businesses to reassess their presence.