Prologue Journal

Understanding current events through the lenses of the past and future.

Reuters reveals Lebanon to slash official exchange rate from Nov. 1, finance min says

Reuters Reuters was first to report Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance minister told Reuters on Wednesday. The post Reuters reveals Lebanon to slash official exchange rate from…

Reuters reveals Blackstone to sell $400 mln stake in Indian REIT; Abu Dhabi fund eyes investments

Reuters Reuters exclusively reported Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, India’s biggest real estate investment trust, via Indian stock exchange block deals. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the stake that Blackstone is…

Reuters reveals Turkish interest rate cut; lira falls to an all-time low

Reuters Reuters was first to report Turkey’s central bank cut its policy rate by 100 basis points today, even as inflation rose above 80%, and as central banks globally race in the opposite direction and tighten policy. The Turkish lira sank to a record low of 18.42 versus the dollar after the move. The post…