What’s happening in Turkey?
Turkey (TUR, quote) is changing dramatically and at the center of this transformation is its president, Recep Tayyip Erdogan.
Emerging Markets
China’s Central Bank Injects Cash Into Money Market
China’s (FXI, quote) central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity.
It’s A Tough Life For OPEC!
The recent rally for crude oil, came to a shuddering halt this week with Wednesday’s wide spread down candle driving oil prices firmly back towards the $50 per barrel region, and wiping out much of the gains of the last few weeks.
Taxes, Costs Cut To Help Businesses Grow
New tax cuts to spur economic dynamism were approved at the State Council’s executive meeting, presided over by Premier Li Keqiang, on Wednesday. Some pilot taxation incentives will be expanded, and the value added tax will be consolidated.
China Raises Its US Treasuries Holding In February
China increased its holding of U.S. Treasury securities in February after cutting 7.3 billion U.S. dollars in the previous month, the latest data from the U.S. Treasury Department showed on Monday.
China’s Current Account Surplus Nears US$200B In 2016
China’s current account surplus stood at 196.4 billion U.S. dollars last year, the country’s foreign exchange regulator said Thursday.
Putin interview: US election allegations, climate change and ISIS | CNBC International
Published on Mar 30, 2017 Russian President Vladimir Putin spoke to CNBC’s Geoff Cutmore, addressing claims Russia (RSX, quote) interfered in the U.S. election, climate change and ISIS.
Alibaba To Set Up e-Commerce Hub In Malaysia
China’s e-commerce giant Alibaba group on Wednesday announced a plan to set up an e-commerce hub in Malaysia encompassing logistics, cloud-computing and e-financial service to boost trade and e-commerce in the region.
Apple CEO Cook In Town To Entice Mobile APP Developers
Apple Inc is making a big push to attract mobile application developers in China, as it attempts to create new momentum in the key market. CEO Tim Cook on Tuesday visited the headquarters of bike-sharing service provider ofo Inc in Beijing, accompanied by ofo’s CEO Dai Wei.
China Consumer Spending Set To Power Future Growth
The free-spending younger generation is fueling China’s transition from an export-led economy to one driven by domestic consumption.