Turkish Stocks Drop after Moody's Downgrade
The Turkish lira has fallen by as much as 1% this morning and stocks have slid by nearly 4% after Moody’s downgraded
Ankara - QNA
The Turkish lira has fallen by as much as 1% this morning and stocks have slid by nearly 4% after Moody’s downgraded the country’s debt to junk, following a similar downgrade from S&P Global Ratings.
The agency cited the economy’s exposure to foreign outflows, dwindling foreign exchange reserves and muted growth prospects in junking its debt.
The lira has slumped to its lowest level against the dollar since early August, weakening to TR2.99 at publication time – dropping 2% since Friday. Istanbul’s main bourse fell 3.8% at the opening bell. The country’s 10-year bond yields on local currency debt jumped by some 0.43 percentage points to 9.71%.
- Thursday ,22 November GMT 14:24 2018 Russia’s stock market demonstrates record-breaking figures in 2018
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares rout
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 23:45 2017 Tuesday ,17 October
Kerry calls for Syrian, Arab ground troops against IS
GMT 03:31 2017 Wednesday ,05 July
Egypt court acquits police as Morsi goes back on trial
GMT 08:06 2017 Friday ,22 December
Shipyards play important role in economic turnaround of nations: Qayyum
GMT 03:38 2017 Wednesday ,22 March
Somalia's new president names 26-minister cabinet
GMT 19:39 2017 Wednesday ,18 October
Gatland eyes New Zealand rugby jobs after Wales
GMT 12:08 2017 Saturday ,16 September
Dutch 360-degree beachfront painting gets public facelift
GMT 05:16 2016 Wednesday ,15 June
Scientists use underwater robots
GMT 02:41 2017 Sunday ,16 April
Pentagon confirms DPRK missile launch failsGMT 18:00 2011 Thursday ,12 May
Attack on Celtic manager sparks inquiry
GMT 03:22 2017 Monday ,01 May
Oman's State Council approves GCC Trade Marks draft law
GMT 10:40 2017 Saturday ,30 September
Trump says to decide Fed chair in 2, 3 weeks
GMT 01:10 2017 Monday ,10 July
Islamic social media to be launched by year end
GMT 13:17 2016 Monday ,08 February
Russia shuts down 2 more banks
GMT 07:19 2017 Sunday ,31 December
Nepal bans solo climbers from Everest
GMT 10:48 2014 Saturday ,22 March
Parata launches new digital education portal
GMT 17:47 2017 Tuesday ,18 April
Saudi Shoura member in favor of women drivingGMT 19:07 2011 Tuesday ,19 April
Electric cars: night-time charging better
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor