Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe decreased significantly during the summer, but increased in several other destinations, including Turkey (here). Onur Dogeman | soba pictures | Light Rocket | Getty Images Turkey’s central bank surprised markets once again with its decision on Thursday to cut its key interest rate, despite the country’s inflation soaring … Read more

European stocks open to close; Markets brace for more Fed rate action

Stocks on the move: Fortum up 9%, Uniper 34% after nationalization deal Finland shares Fortum It rose more than 9% in the early afternoon, after the company agreed to sell its 56% stake in the beleaguered German facilities. Uniper The German government in a nationalization deal. Uniper shares fell more than 34% in Frankfurt. At … Read more