GO
Loading...

Turkey

More

  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • *Vestel says facing surge in mobile phone imports to Turkey. GENEVA, March 23- The European Union and Taiwan have said a bid by Turkish appliance manufacturer Vestel to get Ankara to impose emergency import tariffs on mobile phones would probably be illegal if it is approved, according to documents published on Monday. Turkey notified the World Trade...

  • Turkey expects new delays in Airbus A400M delivery Monday, 23 Mar 2015 | 7:48 AM ET

    ISTANBUL, March 23- Turkey is preparing for further delays in the delivery of two A400M military transport aircraft it ordered from Airbus Group, according to defence officials in Ankara. After four years of delays in Europe's largest defence project, Turkey received two of the aircraft in 2014 and was due to receive two more this year. Airbus will have to pay a...

  • KIEV, March 20- Turkish President Tayyip Erdogan offered a $50 million loan to Ukraine and called for the rights of Crimean Tatars to be protected during a trip to Kiev on Friday, but avoided outright criticism of trade partner Russia. In a joint press conference with Ukrainian President Petro Poroshenko, Erdogan said Turkey was also offering $10 million in...

  • ISTANBUL, March 20- A study published in a Turkish central bank journal on Friday suggested the impact of a weak lira on inflation is less than previously thought, an argument that could help the bank justify further interest rate cuts. The study by two economists at Istanbul's Bahcesehir University said that the maximum pass-through effect on Turkish...

  • ANKARA, March 17- Turkey inaugurated a $10 billion project to pipe Azeri gas to Western markets on Tuesday, forging ahead with a plan which could help Europe reduce its dependence on Russian energy even as Moscow touts its own alternative. The 1,850 km pipeline will stretch from Turkey's border with Georgia to Greece and is key to Turkey's ambition to cut its own...

  • ANKARA, March 17- Any decision to build a pipeline to transport Russian gas through Turkey should be made in consultation with the European Union and should not breach pre-existing legal commitments, the European Commission's energy chief said. Russia in December abandoned its $40 billion South Stream project after objections from the EU over potential...

  • LONDON, March 16- Scientists are to test a new two-shot Ebola vaccine using an experimental shot from Britain's GlaxoSmithKline, which is already in clinical trials in Africa, and a new kind of booster from Emergent BioSolutions. The Maryland- based biotech company said on Monday its modified vaccinia Ankara Ebola Zaire vaccine would be used in an initial Phase...

  • ISTANBUL, March 15- Selling fruit from a cart in a working-class neighbourhood of Istanbul hasn't made Mehmet rich, but he's adamant his modest savings won't ever see the inside of a bank. Under President Tayyip Erdogan, an authoritarian leader with roots in Islamist politics and an aversion to usury, Turkey is hoping it can turn disdain for traditional banks...

  • US companies need to avoid euro's 'falling knife' Friday, 13 Mar 2015 | 2:40 PM ET
    Euro Dollar rates currency

    Currency strategist Mike Moran warns that as the euro falls, U.S. multinationals will have to stop playing the waiting game.

  • ISTANBUL, March 11- Nervous Turkish markets hoped President Tayyip Erdogan might make peace with the central bank governor on Wednesday, but the two seem likely at best to have agreed to disagree on interest rate policy. Unable to raise rates to defend the Turkish currency, Governor Erdem Basci has resorted to tweaking policy on the margins, with limited success.

  • ISTANBUL, March 11- Nervous Turkish markets are hoping President Tayyip Erdogan can make peace with the central bank governor on Wednesday, but the two seem likely at best to agree to disagree on interest rate policy. Unable to raise rates to defend the Turkish currency, Governor Erdem Basci has resorted to tweaking policy on the margins to try to boost dollar...

  • By Gulsen Solaker and Nevzat Devranoglu. ANKARA/ ISTANBUL, March 10- Efforts by Turkey's central bank to defend the lira did little to lift it off record lows on Tuesday, outweighed by a globally strong dollar and concern about President Tayyip Erdogan's intervention in monetary policy. In a complex series of steps, the bank said it would adjust its reserve...

  • *Basci has made clear he does not plan to stand down. ISTANBUL, March 9- Turkish Central Bank Governor Erdem Basci, a technocrat reluctantly thrust into a standoff with President Tayyip Erdogan, appears to believe he will eventually ride out the storm. Economic growth, a pillar of the ruling AK Party's electoral strength over the past decade, is flagging.

  • ISTANBUL, March 8- Turkish Prime Minister Ahmet Davutoglu said he discussed the lira's weakness and possible steps to stabilise it with Central Bank Governor Erdem Basci and other senior economy officials late on Saturday. Davutoglu and Deputy Prime Minister Ali Babacan met with Basci, Vahdettin Ertas, the head of Turkey's capital markets board, and Cavit...

  • *Former stock exchange boss seen playing new role. ANKARA/ ISTANBUL, March 6- President Tayyip Erdogan blamed an "interest rate lobby" of speculators for the Turkish lira's slide and said he would discuss its decline with the country's embattled central bank and the government's economy czar. The lira briefly recovered from record lows following his comments,...

  • Turkey worrying markets: strategist   Friday, 6 Mar 2015 | 1:30 AM ET
    Turkey worrying markets: strategist

    Manik Narain, head of EMEA FX and fixed income strategy at UBS, says the market is getting increasingly nervous about the pressure being put on the Turkish Central Bank to cut rates.

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- Turkey's lira hit an all-time low on Thursday as meetings with investors in New York did little to allay concern over President Tayyip Erdogan's battle with the central bank or Ankara's economic management team. Efforts by Prime Minister Ahmet Davutoglu, Deputy Prime Minister Ali...

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- The Turkish lira dropped to an all-time low on Thursday and bank stocks tumbled, as concern grew over President Tayyip Erdogan's battle with the central bank and the future of the government's economic team. Efforts by Turkish Prime Minister Ahmet Davutoglu and his economic team to soothe...