British pound falls to its lowest level against the dollar since 1985
U.K. inflation is running at the fastest pace since the early 1980s. Bloomberg | Bloomberg | Getty Images The British pound on Wednesday plummeted to its lowest level against the…
Why China’s central bank is shoring up the yuan
The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks. Sopa Images | Lightrocket | Getty Images BEIJING — China’s central bank has…
Deutsche Bank says risk of a sterling crisis is rising as Truss becomes PM
A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. Reuters Following the…
Euro slides below $0.99 after Russia halts gas supplies
The euro has fallen below $0.99 for the first time in 20 years after Russia said it would shut off its main gas supply pipeline to Europe indefinitely. At 7.30…
Turkey’s skyrocketing inflation threatens more losses for Gulf banks
General view of Emirates NBD Bank on January 3, 2017 in Dubai, United Arab Emirates. Tom Dulat | Getty Images DUBAI, United Arab Emirates — Banks with exposure to Turkey…
Indian rupee weak point, hitting recent lows amid world headwinds
Two thousand rupee notes on show with an Indian flag within the background. Manish Rajput | SOPA Images | LightRocket by way of Getty Images The Indian rupee has come…