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ExxonMobil's Vice President of Global Exploration: Recovery rates in the Permian Basin will increase significantly over the next two to three years.

2026-10-05

ExxonMobil's Vice President of Global Exploration: Recovery rates in the Permian Basin will increase significantly over the next two to three years.

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2026-10-05

EU High Representative for Foreign Affairs and Security Policy Karas: The European Commission has unlocked €157 million for Moldova’s reforms under the growth program.

EU High Representative for Foreign Affairs and Security Policy Karas: The European Commission has unlocked €157 million for Moldova’s reforms under the growth program.
2026-10-05

BofA Securities says a large portion of September’s Turkey fund sell-off flowed into bank deposits. BofA economist Hande Kucuk reports Tefas, the Turkish electronic fund trading platform, saw net redemptions of about 743 billion lira (roughly $15bn)

BofA Securities says a large portion of September’s Turkey fund sell-off flowed into bank deposits. BofA economist Hande Kucuk reports Tefas, the Turkish electronic fund trading platform, saw net redemptions of about 743 billion lira (roughly $15bn) in September. The Tefas figure covers the full mutual fund universe through Sept. 16; 131 funds were later excluded after regulator-ordered liquidations. Between Sept. 1–29 bank deposits rose about 950 billion lira, with corporate deposits up roughly 884 billion; 63% of the corporate inflow was lira and 37% foreign-currency, broadly matching recent dollarization trends. The September fund-market shock drained hundreds of billions of lira from investment funds and raised concerns about rising dollarization that could threaten exchange-rate stability—important to Turkey’s strategy for fighting inflation—though Kucuk says dollarization in September remained within a manageable range. BofA expects residents’ foreign-currency-linked assets to have increased by about $1.7bn.
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