Why does the Turkish lira keep falling?

Further weakening of the currency could hinder Turkey’s efforts to generate foreign capital and strain the ability to repay debt. Insights via @CME Group: https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email … Read more Why does the Turkish lira keep falling?

Lebanon Premier Quits With Attack on Elite As The Beirut Blast Anger Builds

Lebanon’s prime minister confirmed the resignation of his government as an outraged public demanded accountability for last week’s explosion at Beirut’s port, the biggest peacetime catastrophe in the nation’s history. “The scope of this disaster is bigger than can be described,” Prime Minister Hassan Diab said in a speech to a traumatized nation on Monday, … Read more Lebanon Premier Quits With Attack on Elite As The Beirut Blast Anger Builds

Oprah Pays Off $58,000 in Debt for a Domestic Abuse Survivor | The Oprah Winfrey Show | OWN

In 1997, when Tina Turner’s Wildest Dreams tour kicked off in Houston, “The Oprah Winfrey Show” couldn’t miss an opportunity to play groupie! One special fan, Mattie Butler, was awarded a special backstage pass to Tina’s opening night—but that’s not all the single mom, domestic violence survivor and soon-to-be college grad received…See Mattie’s stunned reaction … Read more Oprah Pays Off $58,000 in Debt for a Domestic Abuse Survivor | The Oprah Winfrey Show | OWN

Why Russian mercenaries seized control of key oilfield in Libya | Counting the Cost

Russian mercenary groups have enabled renegade military commander Khalifa Hafter, who is based in eastern Libya, to blockade the country’s oil exports, starving the country of much-needed money. Moscow’s backing of Haftar, a former CIA asset, has increased tensions with the United States. Russian private military contractors are active in 16 African nations. How is … Read more Why Russian mercenaries seized control of key oilfield in Libya | Counting the Cost

Trump threatens executive action if no stimulus is passed

CNN’s Jim Acosta reports that President Donald Trump is threatening executive action to extend unemployment benefits, cut payroll taxes and forgive student debt if the congress cannot pass a stimulus package intended to bolster the economy and help struggling Americans pay their bills. #Trump #CNN #News

Breakingviews TV: Garbage out

Argentina has finally reached an agreement in principle to restructure $65 billion of debt but the takeaway for future negotiations is to stop using complex models to make long-term forecasts Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. … Read more Breakingviews TV: Garbage out

U.S. Needs Expedited Bankruptcy Process to Aid Recovery, Kroszner Says

Aug.06 — Randall Kroszner, deputy dean at the University of Chicago Booth School of Business and former Federal Reserve governor, says an expedited U.S. bankruptcy procedure would put distressed firms in a “better position both for the workers who can remain and for the the holders of the debt.” He speaks on “Bloomberg Markets.”

HSBC first-half profit plunges 65%

HSBC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved in the first half of 2020. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. … Read more HSBC first-half profit plunges 65%

Breakingviews TV: HSBC firing on just one shaky cylinder

HSBC’s investment bank is the only unit that’s really growing, as the $90 billion lender racks up more bad-debt charges. With low interest rates sapping revenue in its core retail businesses, Liam Proud argues that CEO Noel Quinn will have to cut more costs than previously planned. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, … Read more Breakingviews TV: HSBC firing on just one shaky cylinder