Hints and tips:
...Turkey would need about $30bn to finance it when excluding funds coming from unknown sources, known as “errors and omissions”....
...In 1996, not long after he had left medicine for business, he paid 100m lira — then around $65,000 — in a counterfeiting settlement with Microsoft....
...“Such a divergence is unknown to us,” he said. The yield on the 10-year US Treasury was little changed on Friday at 1.41 per cent....
...Then there is the great unknown swirling around the British government’s “partygate” scandals....
...Management Turkish markets have been given another shock with President Recep Tayyip Erdogan’s decision to fire a respected central bank governor after four months in the job and replace him with a relative unknown...
...Kavcioglu remains an unknown quantity, albeit with clear sympathies for Erdogan’s unorthodox views on monetary policy....
...who has engineered the change in the lira’s fortunes....
...He added: “The key unknown is where the pain threshold is for the Turkish central bank.”...
...domestic product, when one of the world’s biggest expansions in the fourth quarter is expected after the policy of cheap credit and rapid interest-rate cuts, though this has been at the expense of the lira...
...“If we were to go through what we did in ’08 and ’09, we’d be screwed,” said Aubrey Layne, the Virginia finance secretary, this year....
...“The biggest challenge in Japan is to make people move into the unknown. It’s cultural. Me, I see a positive future but my team see all the difficulties....
...Right behind is the Turkish lira. South Africa's rand also makes it into the top five....
...But Qatar's lifeline, with largely unknown terms, simply isn't going to cut it. Over the next year, the country's external financing needs will approach $238bn, according to HSBC....
...After the announcement of his appointment on Monday, the Turkish lira, already down 17 per cent from the start of the year, suffered its biggest one-day slide since the violent coup attempt of July 2016....
...The lira fell 0.5 per cent against the dollar, reversing its daily gains to TRY3.5200 on the news. More soon....
...They are also, outside the hermetic world of architecture, virtually unknown. That is about to change....
...The latter factor is the most important ‘known unknown’ for Turkish assets over the medium term....
...The Mexican peso and Turkish lira plumbed record lows, as the post-election “Trump trade” spurred a stronger dollar and higher bond yields....
...The lira duly steepened its fall against the dollar....
...Of the main emerging market currencies, only the Turkish lira seems to be seriously overvalued....
...The sparsity of the data means that the extent of the problem is unknown....
...“These snacks were either unknown, or luxuries we couldn’t afford . . . But when the fighters requested them, I didn’t ask questions....
...Assuming there are no other “unknown unknowns” in geopolitics over the next few months, markets will return to speculating as to the likely direction of interest rates and the strength of economic recovery...
...For the coming months, the impact of tapering remains the big unknown about the Turkish economy....
...Having spent much of the past six weeks blaming the international media, international plots and the mysterious and previously unknown “international interest rate lobby” for the widespread anti-government...
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