Money Talks

The Turkish Treasury has recently raised $3B from the sale of the IOUs, which are known in the industry as Sukuk. These securities are a cross between debt and equity, and allow companies and governments to raise money from investors without charging interest, which is prohibited under Islamic rules. We spoke to experts at global debt-watcher, Fitch Ratings, who helped explain the intricacies of Islamic finance and why even non-Muslim majority countries are jumping into the growing market.

#IslamicFinance #Sukuk #IslamicBonds

Russia and Ukraine have long been at loggerheads. And squaring-off with its larger neighbour has cost Kiev dearly. Russian troops were first detected massing near the Ukrainian border in November. That's added to volatility in energy prices that are hurting consumers in small and large markets.

For more, Ellen Wald joins us from Jacksonville, Florida. She's the president of the energy consulting firm, Transversal.

#RussiaUkraine #RussianInvasion #EnergyPrices

Türkiye is one of the world's top consumers of gold. It's traditionally given as gifts at weddings and births and stored 'under-the-mattress' for a rainy day. But now the government has introduced a new scheme to encourage citizens to deposit it into the banking system. Tayyibe Aydin reports.

For more, we're joined by economist and professor Erhan Aslanoglu from Piri Reis University in Istanbul.

#TurkeyEconomy #GoldScheme #GroundBazaar

Germany is suspending certification of the Nord Stream 2 gas pipeline in response to Russia's invasion of Ukraine. That's raising fears that the European Union may not be able to meet its energy needs. Here's a look at the project and what its shelving may mean for Europe.

#NordStream2 #RussiaUkraine #EuropeEnergyCrisis

Oil prices are surging as the crisis between Russia and Ukraine escalates. According to analysts, the price of oil could spike to $110 a barrel if the crisis worsens further, given that the market is already facing supply chain disruptions. Oil prices have been very volatile in the past few months. Russia was the largest supplier of natural gas and oil to the European Union last year, and crude prices have rallied more than 80% since the beginning of 2021.

For more, we spoke to Han Tan; Chief Market Analyst at Exinity Group.

#OilPrices #RussiaUkraine #StockMarkets

It's yet another scandal for Swiss lender, Credit Suisse. Several newspapers leaked details of some 18,000 accounts at the Swiss financial giant. Those accounts held more than $100 billion in assets and had been opened from the 1940s into the 2010s, according to the Organized Crime and Corruption Reporting Project.

For details, we spoke to Tom Stocks; a senior investigator at Organized Crime and Corruption Reporting Project.

#CreditSuisse #FinancialCrime #WhistleBlower

Oil prices are falling on a plan for US President Joe Biden and Russia's Vladimir Putin to hold a summit on the Ukraine crisis. The office of French President Emmanuel Macron said in a statement he had pitched to both leaders a summit over "security and strategic stability in Europe", and the White House responded that Biden had accepted the meeting "in principle" but only "if an invasion hasn't happened."

For more on this, we spoke to Naeem Aslam; Chief Market Analyst at AvaTrade.

#OilPrices #UkraineRussia #UkraineCrisis

Asian markets are under pressure after the US warned that a Russian invasion of Ukraine may be imminent. On Thursday, the Dow Jones Industrial Average had its worst day of 2022. It lost 600 points in its biggest daily drop since the end of November. The pan-European Stoxx 600 also ended down 0.75%, with leisure and travel stocks leading losses

For more on this, we are joined by Susannah Streeter, senior investment analyst at Hargreaves Lansdown.

#UkraineRussia #DownJones #MarketTurmoil

Consumers around the world are getting relief as oil prices fall from their eight-year highs, amid signs of cooling tensions between Russia and Ukraine. International crude benchmark Brent is trading around $92 a barrel, after reaching $96 earlier in the week. Stock markets are also in the green, reversing three days of losses.

Danni Hewson is a financial analyst at AJ Bell in Huddersfield in England. She said the dip in oil prices is temporary, and consumers should expect costs to go up in the coming weeks.

#OilPrices #UkraineRussia #StockMarkets

Mounting tensions between Russia, Ukraine and its allies continue to spook investors away from equity markets, in search of safe havens. That's driven gold prices to their highest level in eight months. Oil prices are hovering near their highest level in eight years, as investors worry about potential sanctions against Russia, one of the world's largest exporters of fuel.

Craig Erlam is a senior market analyst at OANDA. He told us which sectors are likely to feel most of the impact.

#UkraineRussia #GoldPrice #StockMarkets