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Where Defaults Loom, This Trading Strategy Is Delivering Big Returns

(Bloomberg) In countries where the threat of default never goes away, there’s a trading strategy that’s delivering big returns. Most Read from BloombergSingapore Money Laundering Case Embroils Its Banking GiantsCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsCrypto Scores Landmark US Legal Win With Grayscale ETF RulingIt works like this: find companies that are res

Turkey s Central Bank Surprises With High Inflation Forecast

(Bloomberg) Turkey’s central bank more than doubled its inflation forecast on Thursday, a move it hopes will bolster its credibility among investors after years of wildly optimistic projections.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DaySubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo After Judge Questions TermsMitch McConnell Freezes at S

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