Browse Tag

euro

Announcements on the end of LIBOR

2 mins read

The FINANCIAL -- The FCA has confirmed Opens in a new window that all LIBOR settings will either cease to be provided by any administrator or no longer be representative: immediately after 31 December 2021, in the case of all sterling, euro, Swiss franc and Japanese yen settings, and the 1-week and 2-month US dollar settings; and immediately after 30 June 2023, in the case of the remaining US dollar settings.…

Read More »

Announcements on the end of LIBOR

2 mins read

The FINANCIAL -- The FCA has confirmed Opens in a new window that all LIBOR settings will either cease to be provided by any administrator or no longer be representative: immediately after 31 December 2021, in the case of all sterling, euro, Swiss franc and Japanese yen settings, and the 1-week and 2-month US dollar settings;…

Turkish lira hits all time low

2 mins read

The FINANCIAL — Turkish lira dropped to record low against dollar as state bank interventions could not reassure investors. The last lowest point was hit in May. Meanwhile, heavy interventions late last week drained the supply of local currency, government-owned lenders flooded the market with foreign exchange, selling at least $2.5 billion. The central bank’s gross currency reserves have dropped by more than…