Markets & Finance News

The replacement of Turkey's central bank governor undermines the credibility of the country's monetary policy, and any return to unorthodox policies would be negative for its credit ratings, Scope Ratings warned on Saturday.

Cathie Wood's Ark Invest said it expects Tesla Inc's share price to reach the $3,000 mark by 2025.

President Tayyip Erdogan abruptly sacked Turkey's central bank chief on Saturday, two days after a sharp interest rate hike to head off inflation, replacing him with a former ruling party lawmaker and critic of tight monetary policy.

China's cabinet has appointed Cai Fang and Wang Yiming as new central bank monetary policy committee members, the country's state council said in a statement on Saturday.

China's cabinet has appointed Cai Fang and Wang Yiming as new central bank monetary policy committee members, the country's state council said in a statement on Saturday.

A Ukrainian court has frozen the assets and shares of aerospace company Motor Sich as part of a criminal investigation, the state security service SBU said on Saturday.

Finance Minister Bruno Le Maire said he was maintaining a 6% growth target for the French economy in 2021 after the government imposed new restrictions to contain the COVID-19 pandemic in several French regions, including Paris.

Turkey's new central bank governor, Sahap Kavcioglu, is a critic of high interest rates and a former lawmaker who is close to President Tayyip Erdogan. While he is known among local bankers and some investors, he is little known among mainstream economists and beyond Turkey's borders.

China's soybean imports from Brazil fell sharply in the first two months of 2021 compared to the same period last year, customs data showed on Saturday, as rain delayed some shipments from the top exporter.

The U.S. Commodity Futures Trading Commission (CFTC) said on Friday digital asset exchange Coinbase Inc paid $6.5 million to settle charges it reported misleading transaction data that potentially inflated the apparent trading volume on its professional GDAX platform.