Political tensions continued to weigh heavily on global markets last week, with currencies in particular fluctuating sharply.
The Turkish lira plunged to its lowest level in history after US sanctions were passed against the interior and justice ministers. <The Turkish lira plunged to an all-time low after US sanctions against the interior and justice ministers over the crisis between the US and Turkey over the detained US pastor in Ankara. The International Energy Agency also warned of risks to global oil supply due to US sanctions on Iran, amid expectations of a 1 million barrel drop in Tehran's oil exports.
The International Energy Agency (IEA) also warned of risks to global oil supply due to US sanctions on Iran.
Trump signs executive order to resume sanctions against Iran
US President Donald Trump has approved the enforcement of sanctions against Iran, a move that follows Washington's decision to withdraw from the nuclear agreement with Tehran.
European Union takes countermeasures to US sanctions on Tehran
The European Union has said it will allow companies affected by US sanctions to sue Washington, in an effort to protect the investments of companies operating in Tehran.
The European Union has said it will allow companies affected by US sanctions to sue Washington.
Malaysia receives $250 million yacht linked to corruption investigations
Indonesia has handed over a $250 million superyacht to Malaysia, after seizing it earlier this year as part of an international effort to trace assets purchased with misappropriated funds from Malaysia's 1MDB sovereign wealth fund.
Indonesia has handed over a $250 million superyacht to Malaysia.
U.S. sanctions force Iran to end attempts to save the rial
U.S. sanctions force Iran to end attempts to save the rial
Iran's central bank has removed most of the currency controls imposed this year in an attempt to stop the rial from falling to a record low, as U.S. sanctions against Tehran take effect.
Goldman Sachs: U.S. companies will spend $1 trillion to buy back shares
Goldman Sachs
Goldman Sachs predicts that U.S. companies will carry out $1 trillion in share buybacks this year, a record level that will keep the stock market going at current levels.
Analyst: Global markets face alarming risks and await a corrective move
Global markets face alarming risks and await a corrective move
An analyst emphasized that global equity prices need to pull back significantly in order to provide more sustainable valuations and expectations.
Analyst emphasized that global equity prices need to pull back significantly in order to provide more sustainable valuations and expectations.
EIA cuts US oil production estimates
<The U.S. Energy Information Administration (EIA) lowered estimates of U.S. oil production for the current and next two years.
Tesla stock halted after Musk's tweet
Tesla stock was halted in midday trading on Tuesday, following Elon Musk's tweet about taking the electric car maker private.
Tesla's stock was halted in midday trading on Tuesday, following Elon Musk's tweet about taking the electric car maker private.
Washington implements new tariffs on Chinese goods on August 23
The administration of US President Donald Trump has decided to impose tariffs on a list of Chinese goods worth $16 billion starting August 23.
IMF calls India's economy an ”elephant in the room”
The International Monetary Fund (IMF) The International Monetary Fund (IMF) said that India is on track to book its place as one of the fastest growing economies in the world, and that reforms are starting to bear fruit.
The IMF said that India is on track to become one of the fastest growing economies in the world.
Germany plans to impose restrictions on foreign investment
Germany plans to increase its legal authority to impose restrictions on foreign investment by lowering the threshold for business deals that can be subject to a “ministerial veto.”
Germany plans to increase its legal authority to impose restrictions on foreign investment by lowering the threshold for business deals that can be subject to a “ministerial veto.”
World trade expected to slow in third quarter
Global trade expected to slow in third quarter
<The World Trade Organization (WTO) said global trade will slow in the coming months, in line with medium-term trends.
U.S. Treasury holds largest auction of government bonds in its history
The U.S. Treasury on Wednesday offered $26 billion in 10-year bonds, the highest ever, amid strong investor demand.
The U.S. Treasury auctioned $26 billion in 10-year bonds on Wednesday, the largest ever, amid strong investor demand.
JPMorgan: Trump may resort to dollar devaluation
J.P. Morgan said U.S. President Donald Trump may resort to devaluing the dollar in his current trade war.
J.P. Morgan said U.S. President Donald Trump may resort to devaluing the U.S. dollar in his current trade war.
Energy Agency: Trade war and sanctions against Iran threaten oil market
The International Energy Agency said the U.S. plan to implement sanctions against Iran targeting oil could significantly affect global supply and deplete global production capacity reserves.
The International Energy Agency said the U.S. plan to implement sanctions against Iran targeting oil could significantly affect global supply and deplete global production capacity reserves.
U.S. core inflation hits 10-year high
U.S. core inflation hits 10-year high
U.S. core inflation rose year-on-year last month, hitting the highest level in nearly 10 years.
Core inflation in the United States rose year-on-year last month, hitting the highest level in nearly 10 years.
Erdogan calls on Turks to ditch dollar and gold
Turkish President Recep Tayyip Erdogan called on his citizens to sell foreign currencies in favor of the lira, as the country's local currency collapsed more than 20%.
Trump deepens Turkey's pain with decision to double steel and aluminum tariffs
U.S. President Donald Trump has ordered a doubling of tariffs on steel and aluminum imports from Turkey, in a fresh blow to the Turkish currency, which has fallen to a record low.
