Turkey in sharp rate hike to boost ailing lira
Turkey
Ankara - Arab Today
|
The Turkish central bank on Tuesday said it was hiking its main interest rate by 75 basis points in a bid to boost the ailing lira which lost a quarter in value against the dollar over the last year. The monetary policy committee of the bank said the overnight lending rate was being lifted to 9.25 percent from 8.5 percent, the second rate hike since November last year. But with markets hoping for even more, the lira lost 1.25 percent against the dollar to trade at 3.8 to the greenback. |
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assaultGMT 12:03 2018 Tuesday ,23 January
Egypt military accuses presidential hopeful of crimes including forgeryGMT 11:41 2018 Tuesday ,23 January
UK regulator says Fox's Sky takeover 'not in public interest'GMT 11:38 2018 Tuesday ,23 January
South African jazz legend Hugh Masekela diesGMT 11:36 2018 Tuesday ,23 January
EU removes eight countries from tax haven listGMT 11:32 2018 Tuesday ,23 January
8.2 magnitude quake hits off Alaska: USGSGMT 11:28 2018 Tuesday ,23 January
Mattis calls for Turkish 'restraint' in SyriaGMT 03:43 2018 Tuesday ,23 January
Turkish soldier killed in Syria operation: army
- Tuesday ,23 January GMT 12:03 2018 Egypt military accuses presidential hopeful of crimes including forgery
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master plan
GMT 14:56 2017 Friday ,20 October
Agreement for pavilion allocation at Expo 2020 Dubai
GMT 07:24 2017 Thursday ,09 February
Drugmaker Teva says Israel probing kickback allegationsGMT 18:19 2012 Friday ,18 May
Hot weather to continue during weekend in UAE
GMT 03:34 2012 Saturday ,08 September
Mitsubishi motors’ outlander phev
GMT 15:20 2017 Saturday ,09 September
'Monster' Irma roars towards Florida
GMT 02:05 2017 Sunday ,02 July
Ukraine points finger at Russia in recent cyber attack
GMT 09:49 2017 Monday ,22 May
Zamalek’s coach keen to continue with the team despite offers
GMT 19:27 2015 Thursday ,01 October
Double Dutch barred in Amsterdam brothels
GMT 09:12 2018 Tuesday ,23 January
Joy and hope in Liberia as George Weah sworn in
GMT 16:07 2016 Wednesday ,10 August
Rousseff impeachment in focus
GMT 12:49 2018 Thursday ,11 January
Macron urges European unity
GMT 15:16 2016 Wednesday ,08 June
EU Presents new aid to stop African Migrants influx
GMT 10:51 2017 Wednesday ,24 May
ADEC suspends registration of new students
GMT 19:19 2016 Thursday ,22 December
Lebanon the ‘post-Aleppo’ government
GMT 06:47 2018 Thursday ,04 January
Norway suspends arms exports to UAE over Yemen war
GMT 06:38 2017 Tuesday ,21 November
Putin and Assad met in Sochi
GMT 05:27 2017 Monday ,14 August
TRA to host 75th RIPE meeting in October
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor