Türkiye has spent US$12 billion, equal to roughly 15% of its foreign-currency reserves, to keep the lira stable during a week of global market volatility triggered by the war in Iran. The Turkish ...
AP Moller-Maersk A/S will suspend two of its container services due to security risks in the Middle East and the Gulf region, the latest sign of how the conflict is upending global supply lines.
UK house prices racked up another record high in February before the fallout from conflict in the Middle East threatened to disrupt the mortgage market.
Asia’s US$8 trillion ($10.23 trillion) in foreign-exchange reserves are giving central banks more firepower to defend their currencies as the escalating Middle East war drives up energy prices.