ILEA002238511: Turkish currency dips against USD after fresh interest rate hike

Bank of Japan keeps interest rate unchanged, yen sinks below 156

STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: Earlier footage DATELINE: April 26, 2024 LENGTH: 00:01:04 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish lira STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 50 percent, saying that the monetary policy decisions in March have led to a significant tightening in financial conditions. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks," the bank said in a statement, adding that it will maintain the tight monetary stance until a significant and sustained decline in monthly inflation is observed. Despite the ongoing decline, the underlying trend of monthly inflation in March was higher than expected, the statement said. "While imports of consumer goods and gold contribute to the improvement in the current

Turkish investors flock to gold amid Middle East turmoils

STORY: Turkish investors flock to gold amid Middle East turmoils SHOOTING TIME: April 17, 2024 DATELINE: April 24, 2024 LENGTH: 00:02:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of aerial view of Istanbul, Türkiye 2. various of Kuyumcukent, the center of the jewelry industry in Istanbul, Türkiye 3. SOUNDBITE 1 (Turkish): FARUK MUTLU, Turkish citizen 4. various of people buying gold from a jewelry store in Istanbul, Türkiye 5. SOUNDBITE 2 (Turkish): RIZA GOKAY TUGSAVROL, Owner of Harem Gold 6. various of gold information 7. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster STORYLINE: Faruk Mutlu, a Turkish citizen, stepped into a bustling jewelry store in Türkiye's vibrant city of Istanbul. Armed with his savings, he resolved to convert them into gold, an alternative he deems "always valuable." With the escalating tensions in the Middle East at the beginning of last week, rumors swirled of an imminent rise in gold prices, prompting Mutlu to seize the opportu

Turkish president meets Hamas leader in Istanbul

STORY: Turkish president meets Hamas leader in Istanbul SHOOTING TIME: April 20, 2024 DATELINE: April 21, 2024 LENGTH: 00:00:44 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: 1. various of the meeting of Turkish President Recep Tayyip Erdogan with head of the Hamas Political Bureau Ismail Haniyeh in Istanbul, Türkiye STORYLINE: Turkish President Recep Tayyip Erdogan met on Saturday with head of the Hamas Political Bureau Ismail Haniyeh in Türkiye's largest city, Istanbul. The meeting, which commenced at 2:30 p.m. local time (1130 GMT), was held behind closed doors at the Dolmabahce presidential working office, as reported by the NTV broadcaster. Both leaders were anticipated to discuss the ongoing Israeli attacks and the humanitarian situation in the Gaza Strip, as well as ceasefire efforts, the NTV added. Haniyeh recently suffered the loss of his three sons in an Israeli airstrike in Gaza City on April 10. Xinhua News Agency correspondents reporting from Istanbul, Türkiye. (XHTV)

Japan logs trade deficit of 38 bln USD in fiscal 2023

STORY: Japan logs trade deficit of 38 bln USD in fiscal 2023 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:55 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's trade deficit in fiscal 2023 shrank around 70 percent from a year earlier to 5.89 trillion yen (about 38 billion U.S. dollars), government data showed Wednesday. In the fiscal year ended March, exports expanded 3.7 percent to 102.90 trillion yen, topping 100 trillion yen for the first time and marking a record high for the third straight year, according to a preliminary Finance Ministry report. Automobile exports, which account for about 17 percent of Japan's total, grew 30.2 percent to 17.88 trillion yen, eclipsing the previous record of 14.67 trillion yen in fiscal 2007. In contrast, imports dived 10.3 percent to 108.79 trillion yen, falling for the first time in three years, chiefly reflecting falls in imports of coal and liquefied natural gas. With a weaker yen inflati

Uncertainties in U.S. economic policies add to strain on Turkish economy -- experts

STORY: Uncertainties in U.S. economic policies add to strain on Turkish economy -- experts SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:02:04 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of Murat Tufan, an analyst with Turkish broadcaster Ekoturk, in Istanbul, Türkiye 3. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 4. shot of Grand Bazaar in Istanbul, Türkiye 5. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 6. shot of Grand Bazaar in Istanbul, Türkiye 7. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 8. shot of Mehmet Ali Yildirimturk, a financial analyst in Istanbul, Türkiye 9. SOUNDBITE 4 (Turkish): MEHMET ALI YILDIRIMTURK, Financial analyst 10. shot of Grand Bazaar in Istanbul, Türkiye 11. SOUNDBITE 5 (Turkish): MEHMET ALI YILDIRIMTURK, Financial analyst STORYLINE: Uncertainties in U.S. monetary policy and high inflation in t

India's forex reserves rise to 648.562 bln USD

STORY: India's forex reserves rise to 648.562 bln USD SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:02 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of building of the Reserve Bank of India 3. various of market STORYLINE: India's foreign exchange (forex) reserves further rose by 2.98 billion U.S. dollars to 648.562 billion U.S. dollars in the week ended April 5, according to the weekly statistics issued by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the seventh consecutive week when India's forex reserves moved upwards. The foreign currency assets, a key component of the forex reserves, rose by 549 million U.S. dollars to 571.166 billion U.S. dollars during the cited period, showed the RBI data. Meanwhile, the gold reserves rose by 2.398 billion U.S. dollars to 54.558 billion U.S. dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Inflation in Sweden slows down in March

STORY: Inflation in Sweden slows down in March SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:30 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden (SCB) 2. various of supermarkets 3. various of Stockholm's streets STORYLINE: Inflation in Sweden slowed from 4.5 percent in February to 4.1 percent in March, Statistics Sweden (SCB) said on Friday. Mikael Nordin, a statistician at SCB, said that the cost of certain goods had decreased from the same period last year. SCB said that inflation, measured as the Consumer Price Index (CPI), was mainly driven by mortgage costs rising by 39.3 percent for apartment owners. Meanwhile, tenants paid 5 percent higher rents for their apartments than a year earlier. However, increasing housing costs were offset by cheaper diesel and electricity -- down by 17.5 percent and 9.1 percent respectively year-on-year, SCB said. Besides increased lending costs due to the Swedish central bank raising the benchmark interest rate f

ECB leaves interest rates unchanged

STORY: ECB leaves interest rates unchanged SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:01:53 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. various of the EBC press conference 3. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President 4. various of the European Central Bank STORYLINE: The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting in Frankfurt, Germany. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President "So in conclusion, the governing council today decided to keep the three key ECB interest rates unchanged. We are determined to ens

China's booming foreign trade benefits other countries: experts

STORY: China's booming foreign trade benefits other countries: experts SHOOTING TIME: Recent footage DATELINE: April 12, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of container terminals 2. various of street views in China 3. SOUNDBITE 1 (English): STEPHEN NDEGWA, Lecturer in international relations at the Nairobi-based United States International University-Africa 4. SOUNDBITE 2 (English): CHARLES ONUNAIJU, Director of Center for China Studies, Nigeria 5. SOUNDBITE 3 (English): BENJAMIN MGANA, Chief editor of Foreign News of The Guardian, Tanzania STORYLINE: China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter of 2024, setting new records in both scale and growth rate, official data showed Friday. From January to March, the country's foreign trade in goods stood at 10.17 trillion yuan (about 1.43 trillion U.S. dollars), according to the General Administration of Customs (GAC). Historically, for the first time, the

Turkish currency dips against USD after fresh interest rate hike

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