All the day’s economic and financial news, including the latest on the Turkish currency crisis that has spooked investorsLatest: Berat Albayrak is speaking to investors nowFinance minister pledges to fight inflation and support banksAlbayrak: Won’t need capital controls or the IMFEarlier:Introduction: Turkish finance minister faces credibility testProfile: Berat Albayrak: the Jared Kushner of Turkey 2.53pm BST Earlier in the call, Berat Albayrak said he doesn’t expect state-owned Turkish bank Halkbank to be fined by America for allegedly helping Iran evade U.S. sanctions. Halkbank’s shares have jumped by 3.6% on this news. 2.47pm BST On US sanctions, Berat Albayrak says Turkey will turn to other parties – such as China and Germany – help it navigate the current situation. Continue reading…
Via: Turkish lira crisis: Finance minister rules out IMF and capital controls – live updates
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President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…