President Tayyip Erdogan said he will discuss the case of Turkish lender Halkbank with U.S. President Donald Trump during talks in Washington next week, broadcaster NTV and other media reported on Friday. Federal prosecutors in Manhattan on Oct. 16 charged the bank with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran, in a case that has strained relations between Ankara and Washington. Halkbank's shares were up more than 4% after Erdogan's reported comments....
(Bloomberg) -- Nothing -- not a trade war with China, not the prospect of a slowing global economy, not a run-up in asset prices -- can curb Blackstone Group Inc.’s appetite for property. And as one of the world’s largest real estate investors looks for more to buy, the sky’s the limit on size.“Anything is really possible,” Kathleen McCarthy, Blackstone’s co-head of real estate, said in an interview with Bloomberg Television. “There’s just less competition.”Blackstone Chief Executive Officer Steve Schwarzman has long preached the virtues of scale. In a market where real estate assets “feel fairly fully valued in a lot of places,” that’s an added advantage, McCarthy said. The New York-based firm can deploy more capital faster and with greater certainty in complex situations.Including two deals since June for a total of almost $25 billion, Blackstone has acquired a billion square feet of warehouse space in the past decade. McCarthy...
Headline inflation picked up to 2.9% in October, while the central bank's key tax-adjusted inflation number also rose to 3.7% in October from 3.4% in September, data showed. Hungary's benchmark base rate is at 0.9% while the overnight deposit rate is at -0.05%. "This is one factor in the forint's weakness ... that we have the loosest monetary policy in the region," one dealer in Budapest said....
