The Turkish Foreign Ministry on Thursday warned Greek Cyprus not to commission hydrocarbon exploration on the Turkish continental shelf in the Eastern Mediterranean. Foreign Ministry Spokesman Hami Aksoy responded Thursday to questions about Greek Cyprus’ signing of deals with France’s Total and Italy’s Eni to carry out exploration in the so-called Block 7, which includes a section of Turkey’s continental shelf. Source Daily Sabah
China’s auto sales sank 5.4% in November from a year earlier, putting the industry’s biggest global market on track to shrink for a second year. Source: CityNews
The business mood of Japan’s big manufacturers sank to a near seven-year low in the fourth quarter, a closely watched central bank survey showed, as the U.S.-China trade war and soft global demand weighed on the export-reliant economy. Source Japan Times
The Federal Reserve Bank of New York boosted its repo operations Thursday, increasing planned capital injections as its key lending rate faces year-end pressures.
The central bank lifted its limit for operations scheduled between December 31 and January 2 to $150 billion from $120 billion, according to a Thursday release. Source Markets Insider
