Now Turkey and its currency in turmoil

Investors are betting political turmoil will weaken Turkey’s lira more than any other currency as the arrest of more than 40 army officers over an alleged coup plot raises tension between the government and the military. Turkey’s stocks, bonds and currency slumped this week as the detention of serving and retired officers reignited clashes between the government and an army that has ousted four governments since 1960. The selloff reversed a trend in which its stocks and bonds outperformed every European market during the height of the global credit crisis.

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    It’s now dead obvious Asia doesn’t need the West anymore

    The global recession was made in America. The recovery is being made in Asia. China led the way, demonstrating that one advantage of an authoritarian government is that it can inject massive doses of stimulus quickly and order banks to lend. Among Asian economies, those more tightly linked to China—such as Taiwan, Malaysia, Singapore—have been growing fastest.  But Asian consumers are doing their part, too.

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    Internet to get faster after 9th March

    The world’s top network equipment maker Cisco said on Wednesday it will unveil technology on March 9 that will "forever change the Internet." On its website, the network equipment maker said the change would show "what's possible when networking gets an adrenaline boost."

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    COMMENTS

    captainjohann

    10 years ago

    Hope India also joins this effort on its own. 256Kbs is considered broadband in India

    Rishi

    10 years ago

    In that case, we all will wait for the faster 9th

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