Anthony Skinner, director and head of MENA at Maplecroft, says there are ongoing tensions between Turkey and the European Union, meaning Turkey won't join the bloc within the next 10 years.» Read More
ISTANBUL, Feb 11- A 22 billion euro project to build a third airport in Istanbul will be delayed for at least 10 months after a Turkish court sought further investigation into its environmental impact, a group challenging the project said.
Bartosz Pawlowski, global head of emerging markets strategy at BNP Paribas, gives Turkey an overweight rating as, he says, monetary policy is now "sufficiently tight."
But frozen mackerel from Norway or imports from Morocco are more likely to fill the onion, lettuce and pickle stuffed buns than a fresh catch from the Bosphorus or Marmara Sea.
LONDON, Feb 5- Ailing emerging markets are caught between a rock and a hard place- Washington and Beijing to be more precise. For much of 2013, the investor narrative was that currencies and stock markets from Mumbai to Moscow and Istanbul to Johannesburg were running aground as Federal Reserve largesse ebbed away.
*Start-ups, lenders try to make banking more like a game. *Nine percent of banks try' gamification'- industry body. PARIS, Feb 5- Imagine if getting a bank loan was like playing a computer game: as you performed special moves, completed levels and racked up points, your credit profile improved and your cost of borrowing dropped.
ISTANBUL, Feb 5- The humble potato has become a factor in Turkey's political and economic turmoil as prices of the staple soar, hurting the living standards of poorer Turks just before the ruling AK Party's toughest election test in a decade.
Former U.S. Treasury Assistant Secretary Charles Dallara discusses the troubles facing emerging markets like Brazil and Turkey.
ISTANBUL, Feb 4- Turkish markets were mixed on Tuesday with shares dipping following heavy losses in global markets over U.S. growth worries which dented investors' appetite for emerging markets assets. Turkey's lira fell 17 percent in 2013 and extended its slide this year as a graft scandal hit the government.
NEW YORK, Feb 3- Emerging markets were facing headwinds going into 2014, but January's rout surprised even the gloomiest of investors, with big declines in stocks, bonds, and currencies.
Investors bet Hungary and Russia will be the next emerging economies forced to defend their currencies after India, Turkey and South Africa.
Turkey's finance minister acknowledged to CNBC on Monday that when it comes to rule of law, his country's reputation is in need of repair.
CNBC's Michelle Caruso-Cabrera speaks with Turkish Finance Minister Mehmet Simsek about Turkey's central bank credibility, interest rate hikes and political instability in the region.
*Files opened in Istanbul and Adana. ISTANBUL, Feb 3- Turkey is launching a criminal investigation into an alleged "parallel state" backed by a U.S.-based cleric and accused by Prime Minister Tayyip Erdogan of orchestrating a corruption scandal to unseat him, senior Turkish officials said.
Turkey's finance minister supports the central bank's policy and pledges not to put restrictions on capital movement, reports CNBC's Michelle Caruso-Cabrera.
Marc Chandler, global head of currency strategy at Brown Brothers Harriman, says Turkish real interest rates remain "too low" and that the latest rate hike is "not sufficient."
Mehmet Simsek, Turkey finance minister says restrictions on capital control are "out of question" and that the country will maintain its "very strong fiscal position."
Turkey finance minister Mehmet Simsek tells CNBC that restrictions on capital movement are out of the question and that the country needs more structural reforms.
Turkey is prepared for "moderate growth" explains Turkey's finance minister Mehmet Simsek, as the recent central bank's rate hike could slow the economy.
Neil Shearing, chief emerging markets economist at Capital Economics, says that the events of the past few months undermine Turkey's credibility and that there is a real risk of recession.
ISTANBUL, Jan 31- Turkey's lira on Friday eased to levels seen before a massive rate hike earlier this week as households and firms bought dollars amid a sell-off in emerging markets. Turkey's lira was trading at 2.2725 against the dollar by 1540 GMT, although still off a record low of 2.39 reached on Monday.