Turkey lira: Turkish currency RECOUPS losses against dollar as bank holds interest rates

TURKEY interest rates were held today by the central bank as the struggling lira continued to recoup some of its losses against the US dollar. The one-week repo rate was kept steady at 24 percent as predicted by analysts as political and economic pressure appeared to ease off the lira. Daily Express :: Finance Feed

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Germany markets SHOCK: Deutsche Bank shares PLUMMET to RECORD LOW as DAX in huge losses

DEUTSCHE BANK shares plummeted to a record low today while the DAX continued a string of losses in a morning of turbulence for the German stock market. Germany’s biggest bank saw shares fall to a low of 8.65 in early trading, according to Bloomberg, trashing the previous lowest value of 8.75 seen in June 2018. Daily Express :: Finance Feed

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Macron makes Brexit move: France set to snatch major Japanese investment bank from London

JAPANESE investment bank Nomura is eyeing up Paris as its European lending hub after Brexit, it has been reported. The choice for Paris is said to have materialised after a “constant charm offensive” from France over the last 18 months, senior executives at another Japanese bank told The Financial Times. Daily Express :: Finance Feed

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India financial CRISIS: Central Bank could ABANDON rupee as currency continues to languish

INDIA has sparked fears it could ditch the rupee as the crisis-hit currency continues to struggle as the worst-performing Asian tender this year. The rupee has continued to plunge, losing around 14 percent against the dollar on the back of higher US interest rates. Daily Express :: Finance Feed

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