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Turkey this week caught the markets attention on two occasions, the first, after Moody’s upgraded Turkey’s sovereign bond ratings to investment grade (Baa3), in line with Fitch at BBB- and above S&P at BB+. The second time occurred after Turkey’s Central Bank extended its monetary easing cycle. The rating upgrade has been a part of “consensus expectations for an extended period and was one of the main drivers of real money demand for Turkish bonds in the past...
Renowned by some for sun, sea and sangria, the Canary Islands, or more specifically Tenerife has been attracting a young crowd in the last few years. But head to the north coast, about an hour's drive from the airport to Puerto de la Cruz and uncover a small town, worlds apart from its counterpart in the south. Historically reserved for the wealthy seeking some sunshine in the winter months, this former fishing village is bustling with nautical history. Walk the cobbled streets and find...
The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.(...)Read the rest of Labor Unrest in South Africa Hurts Rand (59 words) Posted on Forex News.
?It all started with Jim Cramer.? For those of you unfamiliar with Jim Cramer, he is a popular American television personality, former hedge fund manager, and host of CNBC's Mad Money. As Indigenous Corporate Training Inc. (ICT) founder and CEO Bob Joseph tells the story, ?Years ago, I was watching Mad Money and he was pushing Sales Force's CRM solution. I knew we were at the point in our company growth where we needed a good CRM solution and one that could accommodate our growth. So,...