Turkish Lira Crumbles on Central Bank Woes, Yen Gains

The Turkish lira slumped toward a record low versus the dollar after President Tayyip Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high interest rates. The yen rose against the euro and the antipodean currencies on speculation that Japanese individual investors who have been buying the […]
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Japan Shares Tumble as Fire at Chip Factory Hits Renesas

TOKYO, March 22 Reuters Carmakers led declines in Japanese shares on Monday after a fire at semiconductor supplier Renesas Electronics plant fanned worries about more chip supply shortfalls hitting vehicle production. The Nikkei continued to underperform the broader market, after the Bank of Japan on Friday decided to exclude Nikkeilinked exchange traded funds ETFs from […]
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