Interest Rates

Indonesia Central Bank Raises Rates Amid Turkey Crisis

<i>This article was originally published on ETFTrends.com.</i><p>For the fourth time in the last three months, Indonesia raised its interest rates 25 basis points to 5.5% amid the economic crisis in Turkey in conjunction with the devaluing Indonesian rupiah. The rate rise comes as a measure to help prop up …

Central Banks

Mark Cuban owns just a handful of stocks and 'a whole lot of cash' because he's worried about the market

Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock …

Stock Markets

Millennials ages 24-34 have $42,000 in debt, and most of it isn’t from student loans

Over 44 million Americans have student loans, with the average debt hovering around $33,000. And yet that's not the No. 1 source of debt for the …

Personal Finance

U.S. Jobless Claims Fall Unexpectedly Last Week

© Reuters. U.S. Jobless Claims Fall Unexpectedly<p>Investing.com - The number of people who filed for unemployment assistance in the U.S. last week fell …

Jobless Claims

HSBC increases interest rates for savers and borrowers in Britain

© Reuters. FILE PHOTO: The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London<p>LONDON (Reuters) - HSBC (L:HSBA) …

Investing

Trump is right to push Turkey. He’s just doing it wrong.

TURKEY’S ECONOMY is in crisis, teetering on the brink of an implosion that could undo two decades of progress. President Recep Tayyip Erdogan is blaming economic warfare by President Trump, who last week announced a doubling of tariffs on imports of Turkish aluminum and steel . The U.S. action was …

Opinion

13 Evergreen Real Estate Tips That Hold True In Any Market

Anyone who’s ever purchased or sold property knows the real estate industry is a fickle one. Changing demographic makeups, economic conditions, interest rates and other factors play a role in how “good” the market is for a buyer or seller, and in a few short years, prices in any given area can …

Real Estate

Turkey's Finance Minister Rules Out Capital Controls – Bloomberg

Turkey's Finance Minister Rules Out Capital Controls<p>Turkey's Finance Minister Rules Out Capital Controls<p>Turkey's Finance Minister Rules Out Capital …

Berat Albayrak

What AT&T's Debt Levels Mean For Its Dividend Safety

In several comments to past articles on AT&T (T), investors stated that the company's dividend was in danger due to AT&T's high debt levels. We will …

Investing

The Latest: Turkey, Europe 'on same page' opposing US moves

The Latest on Turkey's currency crisis (all times local):<p>6:55 p.m.<p>A top Turkish official says Turkey, France and Germany "are on the same page" concerning their opposition to U.S. sanctions and tariffs restricting trade.<p>Presidential spokesman Ibrahim Kalin also told reporters Thursday that their …

Economy

A nonprofit got special loans and tax breaks for low-income housing. Dealmakers collected millions in fees. And buildings deteriorated.

In Chicago, the debate over affordable housing typically centers on gentrifying areas. The city pushes developers to either pay extra fees or set aside units that charge lower rent, although a recent Tribune investigation found fewer affordable units were being built than projected.<p>The Better …

Housing

PRECIOUS-Gold given respite by planned U.S., China trade talks

© Reuters. PRECIOUS-Gold given respite by planned U.S., China trade talks<p>* Risk to growth from currency pressures remains<p>* Higher U.S. interest rates …

Stock Markets

A Democratic Contender for Florida Governor Appears to Own Millions in Puerto Rican Debt

Jeff Greene, the billionaire real estate developer running for the Democratic nomination for governor of Florida, appears to own Puerto Rican debt …

Real Estate

Why The Potential Interest Rate Increases Are Having Limited Impact On Markets

Interactive Brokers chief options strategist Steve Sosnick discusses why the Federal Reserve's potential plans to increase interest rates are not …

Business

Lebanon banks suck in dollars to maintain peg, but economy stagnates

BEIRUT (Reuters) - Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg, offering high returns to customers willing to change their hard currency into long-term Lebanese pound deposits.<p>It is one sign of Lebanon's determination …

Business

Trump Changes Tune on Dollar After Talking Down the Currency

President Donald Trump looks to have changed his tune on the U.S. dollar -- at least for now.<p>After repeatedly talking down the value of the currency …

Donald Trump

Turkey’s Erdogan Is in a No-Win Situation With Washington

Recep Tayyip Erdogan is having a very bad August. Turkey’s President finds himself locked in a confrontation with a belligerent Donald Trump, and the …

South Asia

Erdogan, Macron agree to boost trade as lira falls

Turkish President Recep Tayyip Erdogan and France's Emmanuel Macron agreed in a phone call Thursday to foster trade ties, a Turkish presidential …

Economy

4 Things You Can Do Now to Save Money for the Future

There are a lot of things you can control about your money. Budgeting, saving, having challenging financial conversations with your partner, making smart investments when you can… all of these savvy habits will contribute to setting you up for success. Frustratingly, though, not *everything* is …

Personal Finance

Opinion: The U.S. dollar will keep surging if Turkey thinks divine intervention is on the way

Observing the free-fall in the Turkish lira from 30 minutes away on the Bulgarian side of Turkey — where I am visiting friends and family — I must …

Stock Markets

Analysis: Tide about to turn for markets as easy-money decade ends

LONDON (Reuters) - Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now the liquidity tide is about to turn, and they have only a few months to adjust.<p>The world's four biggest central banks - the U.S. …

Economy

Sorry Silicon Valley Nerds, New Zealand Just Banned The Sale Of Homes To Foreigners

The associate minister of finance says it's not xenophobic.<p>The island country of New Zealand, long pissed off about being excluded from world maps, has now excluded the rest of the world from buying houses on its soil.<p>In the midst of a housing affordability crisis non-residents in New Zealand will …

New Zealand

Uh-Oh, Here Come 'Real' Rates, Returns And... Negative Consequences

“Real” interest rates and returns are a simple, but important, measure: Take the nominal rate/return and subtract the inflation rate. Before the Great Recession, this concept helped investors and savers understand what was actually happening. For example, a seemingly attractive 5% interest rate in …

Economics

India monetary policy panel cites inflationary risks as reason for rate hike

© Reuters. India monetary policy panel cites inflationary risks as reason for rate hike<p>By Swati Bhat<p>MUMBAI, Aug 16 (Reuters) - India's monetary …

Economics

Is Britain's property bubble about to burst? Fears grow as house prices fall at the fastest rate since the financial crisis and sales tumble by 65 per cent

Fears are growing that Britain's property bubble is about to burst.<p>A string of indicators last night triggered concerns that the market is running …

Housing

A career change that hits all the right notes

Quitting a job to pursue a passion may be risky, but more workers are taking the leap, thanks to a growing economy and still-low interest rates.<p>The …

North Carolina

Sun Hung Kai cuts new flat prices again as Hong Kong developers face headwinds | South China Morning Post

Sun Hung Kai, Hong Kong’s biggest property developer, has cut the prices of homes at one of its projects by as much as 10 per cent, the second time …

Hong Kong

On a Greek shore, rich Turks spend despite the crisis

Despite the Turkish lira crisis, tourists from the country are still flocking to Greece with ample funds in their pockets. Marianthi Milona reports …

Currency Crisis

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IN THE weeks following the Brexit referendum in June 2016 the pound gyrated wildly, losing 10% of its value. After a period of calm, sterling is …

Economics

How a ‘perfect storm’ pummeled the rand

The rand dropped as much as 3.5% to R14.74/$ and was 2% weaker at 14.5325 at 6.20pm on Wednesday, pushing its 2018 losses to 15%, after this week’s …

Business (South Africa)