Yavuz Indere has worked as a hotel receptionist in Istanbul for nearly half a century, witnessing coups, unrest and economic crises.
But as a string of terror attacks erodes the backbone of Turkey's key tourism sector, Indere admits he has never seen anything like this in the city.Full Story
Participants at an oil conference in crude-rich Abu Dhabi say they hope production cuts will drive prices even higher.
Emirati Energy Minister Suhail al-Mazroui says there's "a fair movement" toward higher prices. He spoke on Thursday at the Atlantic Council's Global Energy Forum.Full Story
Bitcoin prices plummeted after China's central bank announced it was investigating exchange platforms trading in the virtual currency.
The People's Bank of China (PBoC) said it had dispatched inspection teams to several of the country's major bitcoin trading platforms in Beijing and Shanghai.Full Story
Tokyo tumbled more than one percent Thursday, while the dollar sank as investors were left deflated by a lack of economic detail from Donald Trump at his first post-election press conference.
Traders had hoped the real estate tycoon would flesh out some of his campaign promises such as tax cuts and infrastructure spending, but he gave very little away, fuelling uncertainty about his aspiration to boost the US economy.Full Story
Stocks came off their highs on Wednesday as comments by U.S. President-elect Donald Trump weighed on prices on early Wall Street, dragging European markets down with them.Full Story
President-elect Donald Trump on Wednesday attacked US companies who ship jobs offshore, singling out the pharmaceutical industry for high drug prices and for manufacturing overseas.
Trump said U.S. companies relocating production offshore are "getting away with murder" and warned their products will be hit with hefty taxes if imported into the United States.Full Story
Mexico's peso fell on Wednesday after U.S. President-elect Donald Trump vowed to make the country pay for a huge border wall and to tax companies that ship jobs abroad.
The Mexican currency shed 0.9 percent, trading at 22.20 pesos per dollar after hitting a historic low 22 pesos per greenback on Tuesday, according to private bank Citibanamex.Full Story
Donald Trump said Wednesday he had formally handed "complete and total" control of his business empire to his adult sons, Don Jr and Eric, in a bid to avoid conflicts of interest once he enters the White House.
The 70-year-old Trump, who is the wealthiest man to become U.S. president, has been beset by accusations of conflict of interest ever since his electoral defeat of Democratic former secretary of state Hillary Clinton in November.Full Story
Central Bank Governor of Lebanon Riad Salameh declared on Wednesday that Lebanon has met all the international financial conditions, in terms of both the legislation and practice, the National News Agency reported.
During his participation in Iraq Banks Forum, Salameh indicated that BDL had always endeavored to maintain the best of ties with its Arab counterparts, especially with the Iraqi central bank, considering the importance of those relations in the exchange of banking techniques.Full Story
Vietnamese police have arrested seven ex-bankers accused of approving illegal loans that led to $21 million in losses, state media reported Wednesday, the latest scandal to hit the country's financial sector.
Those arrested by anti-corruption police late Tuesday include former chairman Hoang Van Toan and CEO Tran Son Nam of TrustBank, the state-run Tuoi Tre newspaper said.Full Story