Bloomberg
Turkey’s inflation nightmare isn’t going away with lira on ropes
The lira has lost about a quarter of its value against the dollar.
Bloomberg
China banks offer 25-year loans to LGFVs to avert credit crunch
Tension has risen in the trillion-dollar debt market of local government loans.
Technology
Musk, Zuckerberg lead US$852b surge among world’s wealthiest
Elon Musk was the top gainer, amassing an additional US$96.6 billion.
Bloomberg
Wall Street’s ‘crystal ball’ shatters as stocks stage big rally
The S&P 500 has already blown through its average year-end price target.
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