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Nearly 50 Held in Turkey in Probe into Opposition Istanbul Mayor's 'Graft' Case

This is Beirut, 12:50 - Reading : 2 minute(s)

Istanbul prosecutors on Saturday said nearly 50 people had been arrested in a probe into the graft case of Istanbul's opposition mayor, whose jailing last month sparked nationwide protests. When Ekrem Imamoglu from the main opposition CHP was arrested on March 19, huge crowds began rallying in protest outside Istanbul City Hall every night, ...

The Dollar Slides, Lebanon Worries

Liliane Mokbel, 19/04 14:50 - Reading : 3 minute(s)

Donald Trump European Union Lebanon Dollar Donald Trump

The US dollar is weakening against major global currencies amid heightened geopolitical tensions and a tariff escalation spearheaded by President Donald Trump. This open trade war is undermining the dollar’s status in global markets. Can the American currency still maintain its dominant role in international trade? The question is especially ...

Dollar, Stocks Hit and Gold Hits Record as Trade War Panic Returns

This is Beirut, 11/04 09:05 - Reading : 4 minute(s)

Donald Trump dollar Washington

The dollar tumbled with most stocks while gold hit a fresh record high as panic gripped markets again on Friday, while China retaliated against Donald Trump's latest tariff blitz against the world's number two economy. The US president's decision to delay crippling duties for 90 days sparked a frenzied scramble for equities that had ...

US Stocks Advance Ahead of Looming Trump Tariffs

This is Beirut, 02/04 19:15 - Reading : 3 minute(s)

Donald Trump United States Dollar Financial Markets

Wall Street stocks rose ahead of US President Donald Trump's fresh wave of tariffs, while European stocks ended the day lower. The dollar was mostly lower, oil prices wobbled, while gold, viewed as a safe-haven investment, came close to achieving a fresh all-time high. After Tokyo's stock market closed up slightly and Chinese indices steadied, ...

Stocks Rally on Hopes of Chinese Stimulus and Tariff Relief

This is Beirut, 05/03 13:05 - Reading : 4 minute(s)

Paris Donald Trump dollar budget Canada

Markets rallied on Wednesday as investors welcomed China's economic targets and a U.S. official signaled that President Donald Trump could dial down tariffs on Canada and Mexico. Global stocks had tumbled on Tuesday after China, Mexico, and Canada retaliated against U.S. tariffs, and fears grew that Europe could be Trump's next target. There was ...

Tariffs: Gold Shines and the Euro Crashes

Christiane Tager, 03/02 22:30 - Reading : 2 minute(s)

Donald Trump Gold currencies dollar euro

After a year marked by record highs, gold seems poised to continue its surge in 2025, as investors seek to shield themselves from global economic uncertainties. The trade policies of US President Donald Trump, particularly the new tariffs that could provoke a trade war, dampen economic growth and fuel inflation, will likely benefit gold. Gold ...

Asian stocks drop as tariff fears return, new AI program emerges

This is Beirut, 27/01 13:05 - Reading : 4 minute(s)

Paris Donald Trump dollar dollars immigration

Asian markets mostly fell Monday on fresh trade fears after Donald Trump's threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the United States. Traders were also assessing the impact of a new, cheaper Chinese generative AI programme amid claims it can outperform big-name rivals and worries ...

Stocks diverge as investors weigh earnings, Trump policies

This is Beirut, 24/01 19:30 - Reading : 4 minute(s)

Paris Donald Trump dollar New York

Global stocks diverged on Friday as investors weighed corporate earnings, economic data and President Donald Trump's policies. Meanwhile the US dollar lost more than one percent against the euro and pound following the US president's comments about not wanting to impose tariffs on China and calling for lower interest rates. The S&P 500 edged ...

Markets extend global rally as Trump-Xi talks boost sentiment

This is Beirut, 20/01 11:10 - Reading : 3 minute(s)

Paris Donald Trump dollar Washington immigration

Most Asian markets rose Monday following a rally on Wall Street and a record-breaking day in Europe, with sentiment boosted by positive talks between Donald Trump and Chinese President Xi Jinping that soothed worries about the incoming US leader's second term. A sense of caution has permeated trading floors ahead of the tycoon's inauguration ...

Exchange Rate Stability: Lebanese Pound Withstands the Surge

Christiane Tager, 11/01 13:00 - Reading : 2 minute(s)

Banks Central Bank of Lebanon Lebanese Pound Dollar Joseph Aoun

For some time now, rumors have suggested a drop in the exchange rate from 89,500 pounds per dollar to 50,000. However, Nassib Ghobril, Chief Economist at Byblos Bank, dismisses such claims as “not serious.” “The Lebanese pound has experienced a frenzied demand since the ceasefire and Thursday’s presidential election. Speculators started ...

With Assad gone, Syrian pound starts to recover

This is Beirut, 2024-12-16 13:45 - Reading : 2 minute(s)

Damascus USA dollar Syrian Pound

The Syrian pound has begun to recover against the dollar after president Bashar al-Assad's ouster, moneychangers and traders said Monday as foreign currencies again became available on the local market. On December 7 -- the day before Damascus fell to a rebel coalition led by the Islamist Hayat Tahrir al-Sham group – the rate had plunged to ...

Trump 2024 Sparks Optimism in Financial Markets

Christiane Tager, 2024-11-06 18:25 - Reading : 3 minute(s)

Donald Trump Dollar Elon Musk Oil prices

Global markets responded enthusiastically to Donald Trump’s victory as President of the United States. The US 10-year Treasury yield spiked above 4.4%, climbing 15 basis points overnight, while Wall Street opened with strong gains after the Republican win. Dow Jones futures surged 1,100 points pre-market, and Bitcoin broke past the $75,000 mark, ...

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