FirstFT: Turkish presidential race too tight to call
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Economy
Argentina plans emergency economic measures to avoid big devaluation
Argentina will announce on Monday a new round of emergency government measures, including raising interest rates 600…
Greece’s ‘greatest turnround’: from junk to investment grade
More than decade after bailouts and austerity measures pulled Greece from the brink of bankruptcy and a eurozone exit, the…
UK mortgage borrowers face painful refinancing, warns think-tank
Two-thirds of the £12bn eventual rise in UK mortgage costs from higher interest rates has yet to be passed on to…
G7 finance ministers warn of ‘uncertainty’ on global economy
G7 finance ministers have warned of “heightened uncertainty” surrounding the global economy and the need to address…
German coalition set for clash over curbing investments in China
Germany’s deputy chancellor has endorsed the idea of outbound investment screening for companies in China, highlighting…
Senior Federal Reserve official signals doubts over pause in US rate rises
A senior Federal Reserve official has warned recent US inflation and employment data had not convinced her that price…
Bank of England raises interest rate to 4.5% and warns of delay to hitting inflation target
The Bank of England on Thursday raised interest rates by a quarter of a percentage point to 4.5 per cent, and warned it…
China deepens ties in Latin America with Ecuador free trade agreement
Ecuador and China have signed a free trade agreement, deepening ties between the Andean nation and the world’s…
US Treasuries rally and stocks waver after inflation dips
Treasuries rallied and Wall Street stocks reversed early gains on Wednesday as US inflation data came in slightly weaker…