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Storylines: The Collapse Of An Oil Empire Hin Leong was one of the most powerful and secretive names in Asia’s oil trading industry. But an epic gamble by its founder Lim Oon Kuin left the company badly exposed, eventually leading to its collapse.
MarketsEconomicsTurkey Clings to World’s Most Negative Real Rates With PauseCentral bank keeps benchmark rate at 14% for seventh monthDecision defies global trend toward more aggressive tighteningByBeril Akman+FollowJuly 21, 2022, 4:00 AM UTCUpdated onJuly 21, 2022, 12:31 PM UTCSign up for our Middle East newsletter and follow us @middleeast for news on the region.Turkey’s central bank left interest rates unchanged for a seventh month in anticipation that its fringe measures will be enough to reverse a steep decline in the lira and hold back spiraling prices.
