Hints and tips:
...Which is why we were so intrigued by the abstract of a new paper by Michael Bradley and Irving De Lira Salvatierra of Duke University and occasional Alphaville contributor Mitu Gulati of the University of...
...Germany’s deputy chancellor Robert Habeck proposed increased scrutiny of Chinese direct investment in critical sectors such as semiconductors and artificial intelligence....
...Email me: robert.armstrong@ft.com. A stronger lira, for now This, from Monday’s Financial Times, is scary: The [Turkish lira] fell to a new record low of 18.36 against the dollar on Monday....
...Email me: robert.armstrong@ft.com....
...And as always, email us with your thoughts: robert.armstrong@ft.com and ethan.wu@ft.com....
...The biggest story in markets, to my eye, remains the terrible collapse of the Turkish lira. President Erdogan, horrifically, reaffirmed his commitment to low rates this weekend....
...The Finnish markka was picked off first, then the lira and pound were attacked, and finally the French franc. Likewise, the first stablecoin in the sights was in the periphery....
...Recruiter PageGroup reports similarly positive trading to rival Robert Walters, which updated the market yesterday....
...The Turkish lira plunged to a new low against the dollar ahead of the country’s latest interest rate announcement and Mexico’s central bank is expected to raise rates for the fifth consecutive time as it...
...Please direct complaints to robert.armstrong@ft.com and all else to ethan.wu@ft.com....
...Turks have been watching with horror as the lira has tumbled since early November, while inflation surged....
...Last November, the lira, Turkey’s currency, was plummeting....
...But Mr Albayrak, 42, was the driving force behind a disastrous attempt to hold the lira steady....
...“Everyone in the market knows that Turkey doesn’t have enough foreign currency reserves to mount a sustained and credible defence of the lira.” Additional reporting by Robert Smith...
...In future I will be travelling with Turkish lira in cash obtained from a UK bank. Robert E Lerwill Runwell, Essex, UK...
...Prospects have unnerved investors, sending the lira to a record low....
...Bond yields spiked and the Turkish lira, which had already faced a fresh bout of volatility in recent weeks, suffered its fifth day of losses....
...At about 2 per cent, the scale of the drop in the lira appears modest....
...The Turkish lira was under pressure after Turkey launched air strikes in northern Syria, leaving the dollar at TL5.87....
...Punitive measures could strike a blow to Turkey’s economy, which is still recovering from a currency crisis that wiped almost 30 per cent off the value of the lira last year....
...The lira was up more than 1 per cent against the dollar at 9.50am local time on Tuesday....
...Additional reporting by Robert Smith...
...Sure, the real devalued by almost 12 per cent over the past six months, but this is hardly a remarkable move for a free-floating emerging market currency (the Turkish lira is Exhibit A)....
...The boost to the S&P 500, which remains on track for its best quarter since 2009, came as Robert Lighthizer, the US trade representative, and Steven Mnuchin, the US Treasury secretary, arrived in Beijing...
...The lira emerged relatively unscathed after a 425-basis-point interest-rate cut at his first meeting....
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