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  • Turkish lira falls to record low against U.S. dollar

    Turkish lira falls to record low against U.S. dollar0

    By Ritu, Capital Sands Turkey’s lira¬†fell to a record low against the U.S. dollar on Thursday after traders interpreted comments from a Federal Reserve policy maker as ruling out a Fed swap line to cushion Ankara’s depleted reserves. Thursday’s fall to 7.25 pushed it beyond the record low hit during a 2018 currency crisis and

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  • Iraq emerging as OPEC’s main laggard in making record output cut

    Iraq emerging as OPEC’s main laggard in making record output cut0

    By Ritu, Capital Sands Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said. Less than full compliance by Iraq, as well as by smaller producers

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