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Turkey

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  • ANKARA, Turkey— A Turkish court on Monday ordered a journalist arrested pending trial as part of an investigation into an alleged conspiracy against hundreds of military officers who were convicted in 2012 of plotting to overthrow the government, the state-run Anadolu Agency reported. Mehmet Baransu was detained for questioning in the probe into...

  • ISTANBUL, March 2- Defending high interest rates is tantamount to treason, Turkish President Tayyip Erdogan warned at the weekend, and said the governor of the central bank and deputy prime minister in charge of the economy needed to "shape up." Deepening a standoff which has rattled investor nerves, Erdogan was quoted on Monday as saying he would hold talks with...

  • KAYSERI, Turkey, Feb 27- President Tayyip Erdogan's tirades against the central bank may be stoking turmoil in Turkish financial markets, but they are winning praise from a class of industrialists who have thrived over the past decade and see him as a pillar of their success. "Without the economic policies of last ten years, without the political stability, and the...

  • LONDON, Feb 27- Emerging market stocks dipped on Friday but were heading for their third weekly gain in the last four as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme. "There a bit of market pressure on Turkey," said Aberdeen Asset Management portfolio manager Viktor Szabo.

  • BRUSSELS— The European Union, Japan and other nations hunting for the eastern Atlantic Bluefin tuna are fearful that Turkey's unilateral decision to exceed catch limits agreed last year is threatening the stock recovery and the organization regulating its conservation. Documents seen by The Associated Press and EU comments on Friday show that during an...

  • Demir also said Turkey was in contact with Russia regarding the project but there have been no formal talks. NATO member Turkey chose China Precision Machinery Import and Export Corp in 2013 as the preferred bidder, prompting U.S. and Western concern about security and the compatibility of the weaponry with NATO systems. Turkey's defence minister said last...

  • Call them Islamic extremists Thursday, 26 Feb 2015 | 2:34 PM ET
    In this image made from video posted on a social media account affiliated with the Islamic State group on Thursday, Feb. 26, 2015, which has been verified and is consistent with other AP reporting, militants attack ancient artifacts with sledgehammers in the Ninevah Museum in Mosul, Iraq.

    The US needs to stop tiptoeing around religious sensitivity when it comes to terrorist acts in the name of Islam, says David Phillips.

  • ISTANBUL/ ANKARA, Feb 26- President Tayyip Erdogan's broadside against the central bank has raised concern about the future of its governor and of respected Deputy Prime Minister Ali Babacan, an anchor of investor confidence in Turkey for more than a decade. Traders took this as a thinly veiled reference to U.S.-based cleric Fethullah Gulen, a former ally whom...

  • ISTANBUL/ ANKARA, Feb 26- President Tayyip Erdogan's broadside against the central bank has raised concern about the future of its governor and of respected Deputy Prime Minister Ali Babacan, an anchor of investor confidence in Turkey for more than a decade. Traders took his comments as a thinly-veiled reference to U.S.-based cleric Fethullah Gulen, a former...

  • ANKARA, Turkey— Turkey's state-run news agency says a former police intelligence chief has been detained as part of an investigation into negligence by officials in the 2007 murder of an ethnic Armenian journalist. Anadolu Agency says Ramazan Akyurek was detained Thursday in Ankara for the death of Hrant Dink. Dink was gunned down outside his Agos newspaper...

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • Shake Shack burger chain plans to grow in Japan Tuesday, 17 Feb 2015 | 12:21 PM ET

    NEW YORK— The Shake Shack burger chain, fresh off its IPO, said Tuesday that it plans to open restaurants in Japan as it expands overseas. New York- based Shake Shack raised $105 million in an initial public offering last month to help fund its growth. Shake Shack said it signed a licensing agreement with Japanese company Sazaby League Ltd., which has opened...

  • PARIS, Feb 13- The International Energy Agency elected Turkish economist Fatih Birol as executive director, the Paris- based agency confirmed on Friday, a day after it was announced by Turkey. "With Fatih the IEA is likely to be more outspoken," said Olivier Jakob, an analyst at Petromatrix in Zug, Switzerland. Mark Lewis, a senior analyst at Kepler Cheuvreux in Paris...

  • PARIS, Feb 13- The International Energy Agency elected Turkish economist Fatih Birol as executive director, the Paris- based agency confirmed on Friday, a day after it was announced by Turkey. The current executive director, Maria van der Hoeven, a former Dutch economy minister, took over in September 2011 and will complete her stint at the end of August.

  • MUMBAI, Feb 12- The United States will "push back very hard" against countries that target weaker exchange rates to gain an unfair trade advantage, Treasury Secretary Jack Lew said on Thursday, driving home concerns he expressed to the Group of 20 this week. He urged Europe to make greater use of fiscal policy to reinforce monetary stimulus to boost growth.

  • *Intense contacts between Brussels and Athens. In a rousing speech to parliament, Tsipras hailed the decisive role "little Greece" was playing in reshaping Europe and promised Athens would not cave in to demands it extend its international bailout "no matter how much" German Finance Minister Wolfang Schaeuble asked for it. That came after Schaeuble said that if...

  • Treasury Secretary Jack Lew signalled that Germany and others in Europe should engage in deficit spending, saying it would not be a "good ride" for the global economy if only the United States was strong. "In Europe, there's a need for more fiscal policy. The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies...

  • *Intense contacts between Brussels and Athens. ATHENS/ BRUSSELS, Feb 10- European Commission President Jean-Claude Juncker stepped up contacts with Greece's new leftist leader on Tuesday to try to bridge differences on the country's debt crisis but EU officials cautioned against expecting any breakthrough this week. Ahead of crunch meetings of euro zone...

  • ISTANBUL, Feb 10- Following are the key points of a communique released by G20 finance officials at the end of a two-day meeting in Istanbul. -Growth in the global economy remains uneven and although the recovery is in progress, it is slow, especially in some advanced economies, notably the euro area and Japan. We continue to urge the United States to ratify the 2010...

  • ISTANBUL, Feb 10- The chief of Germany's Bundesbank pressed Greece on Tuesday to make a credible effort to get back on its feet with tighter public finances and economic reforms, showing no willingness to bend in a standoff with Athens. In an interview with Reuters, Jens Weidmann gave no quarter in the confrontation between Greece and its euro zone partners, in...