trending Market Intelligence /marketintelligence/en/news-insights/trending/g9ouf2pr0dael8fkvgx4tq2 content esgSubNav
In This List

Report: China's Ctrip stops accepting payments in Turkish lira

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


Report: China's Ctrip stops accepting payments in Turkish lira

Chinese online travel agent Ctrip.com International Ltd. removed an option from its website that allowed customers to pay using Turkish lira, Reuters reported Aug. 13, citing a spokeswoman for the company.

The move came after some customers who paid in Turkish lira sought to exploit fluctuations in the currency by asking for refunds in yuan, the spokeswoman reportedly said.

Turkey's central bank on Aug. 13 reduce banks' lira reserve requirement ratios in an attempt to tackle the country's deepening currency crisis.