Volatility
Central Bank decries 'unrealistic' price formations, detached from fundamentals
Commenting on volatility in the foreign exchange markets, Turkey's Central Bank on Nov. 24 decried "unhealthy" and "unrealistic" price formations in those markets, saying they are completely detached from economic fundamentals.
The Turkish Central Bank "implements a floating exchange rate regime and has no commitment to any exchange rate level," it said in a statement.
ATHEX: Banks stocks lead bourse to rebound
Greek stocks staged a remarkable turnaround on Thursday, as they swapped losses for gains, boosted by the reversal of bank stocks' fortunes. This was mainly seen as a reaction to the recent decline of prices from the January 4 peak, and was implemented on the highest daily turnover so far this year.
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Six EU states to scrap bans on short-selling shares as volatility eases
Six European Union states will scrap bans on short-selling shares introduced during bouts of extreme market volatility in March when national lockdowns were rolled out across the bloc to fight the Covid-19 pandemic.
Bio-On refutes QCM allegations
Italian bioplastics company Bio-On on Wednesday denied allegations of accounting irregularities by US hedge fund Quintessential Capital Management, saying it was considering legal action against the fund.
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JP Morgan, banks face probe over ‘manipulation’
Turkey's banking regulator (BDDK) and capital markets watchdog (SPK) have launched separate investigations into banks and JP Morgan following volatility in Turkish markets.
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Fitch downgrades four Turkish banks over increased risks
Fitch has downgraded its assessment of four Turkish banks on Sept. 11 due to increased risks to the banks' performance following the recent market volatility and higher chances of a "hard landing" for the Turkish economy.
Turkey launches probe into firms over 'abnormal price hikes'
Turkey's Ministry of Trade has said it launched probes into companies that hiked their prices "abnormally" amid currency volatility.
Turkey has a strong resilience and great growth potential: Japanese ambassador
Turkey has a strong resilience and great growth potential, despite shirt-term volatility, Japan's Ambassador to Ankara Akio Miyajima told Hürriyet Daily News calling for concrete measures for stability of Turkish economy.
Athens shelves summer bond issue plan
The recent political unrest in Italy is forcing Greece to freeze its summer bond-issuing plans, with Finance Ministry sources scrambling to calm investor fears that a full return to the markets in the fall might generate.
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Market urges caution on new bond issue
The improvement observed in Greek bond prices last month convinced the government to start making plans for its next market outing to take advantage of the more favorable conditions for the country and move a step closer to the much prophesied "clean exit" from the bailout program in August.
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