Antonio Guterres also said that wealthy nations have not kept their promise to provide 0.15% to 0.20% of their Gross National Income to Least Developed Countries.
The Turkish Central Bank trimmed its policy rate by 150 basis points from 10.5 to 9 percent following its Monetary Policy Committee meeting.
Analysts said the central bank's move met market expectations and they took heart in Powell's statements that implied the central bank could undertake smaller interest rate hikes later in 2022 after two straight super-sized increases.
Many consumers are choosing to buy older versions of cars as low supply has raised prices to record levels.
S&P 500 gains after US Federal Reserve raises interest rate by three-quarters of a point — largest bump since 1994 — and hints at more rate hikes ahead as it tries to cool off nation's economy without causing a recession.
Turkiye's President Erdogan says Ankara will not abandon free market principles and the country will not put in place a controlled foreign exchange regime.
A new law allows the State Bank of Pakistan to say no if Islamabad comes asking for funds.
Rating agency Fitch keeps Turkey’s credit status at “BB-” and revises outlook from “negative” to “stable”.
Turkey’s central bank scraps rule that nudged banks to ramp up cheap lending, a step analysts see as a positive shift.
Warning about the dangers of high interest rates, Turkish President Erdogan says generating employment, boosting exports, production and investments are not possible with high interest rates.
Gold hits record high as investors worried about the state of the global economy find comfort in the precious metal.
The world’s leading monetary body said favourable market sentiment and expansion of its fiscal policy have set the country on the right path for now.
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