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Turkey

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  • Oil Jumps Nearly $4 to Record $119.97 Close Monday, 5 May 2008 | 4:37 PM ET
    Oil Refinery

    Crude oil futures leaped to a new all-time high above $120 a barrel, as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.

  • Oil Ends Up at $116.32 on Jobs Optimism Friday, 2 May 2008 | 4:48 PM ET

    Oil jumped more than 3 percent to over $116 a barrel Friday, after a report -- showing the U.S. economy lost fewer jobs than feared in April -- eased worries about the country's economic health.

  • Buyout Firms Increasing Hiring in Emerging Markets Thursday, 24 Apr 2008 | 12:17 PM ET
    China

    Private equity firms are hiring more staff in emerging markets to keep up with faster growth opportunities in Asia and Eastern Europe.

  • Stock Picks: Turkish Delight Tuesday, 11 Mar 2008 | 12:07 PM ET

    Turkey looks set to be a good investment in the year ahead, as stocks have fallen heavily over the past few months, offering good buying opportunities, while the fundamentals look stronger than previously thought, analysts said on Tuesday.

  • As MIPIM Starts, Opportunity Lies East Tuesday, 11 Mar 2008 | 7:57 AM ET

    The 28,000 delegates can now start to discuss the real issue of the day. Who will throw the most fabulous party? And more importantly: how the devil are they making enough money to pay for it?

  • Buying Opportunities in Dwindling Carry Trades Wednesday, 5 Mar 2008 | 9:05 AM ET
    Dollar and Yen

    The foreign exchange maneuver known as the carry trade looks set to continue unwinding, with bearish investors scared of risks. But buying opportunities might emerge from the trend, analysts told CNBC on Wednesday.

  • It's a Wireless World Friday, 29 Feb 2008 | 7:15 PM ET

    Or at least it will be soon. That's why overseas telcos like Turkcell are practically printing money.

  • Turkish Offensive Flares; Iraq Calls for Withdrawal Sunday, 24 Feb 2008 | 11:21 AM ET

    Iraq's government on Sunday urged Turkey to withdraw its ground forces from northern Iraq, where they are battling Kurdish rebels.

  • Turkey Bombs Kurdish Rebels Inside Iraq Saturday, 23 Feb 2008 | 5:19 PM ET

    Turkish warplanes, helicopters and artillery bombed suspected hideouts of Kurdish rebels in remote, mountainous terrain of northern Iraq Saturday.

  • Turkish Airliner Crashes, All 56 on Board Killed Friday, 30 Nov 2007 | 12:52 AM ET

    A Turkish airliner crashed near the town of Isparta in central Turkey on Friday, killing all 56 people on board, officials said.

  • International Investing: Turkey Wednesday, 24 Oct 2007 | 1:18 PM ET

    Turkey has a volatile economy whose growth rate has exceeded 6 percent in many years (and reached 9 percent in 2004), but suffered sharp reversals in 1994, 1999, and 2001.

  • Turkish Stocks Fall 6% on Northern Iraq Concerns Monday, 22 Oct 2007 | 3:20 AM ET

    Turkey's main stock index opened 6 percent down on Monday after a major rebel attack on Turkish soldiers increased pressure on the government to launch a cross-border incursion into northern Iraq.

  • Turkish Parliament Greenlights Iraq Incursion Wednesday, 17 Oct 2007 | 11:38 AM ET
    A Turkish soldier patrols near the Iraq border.

    Turkey's parliament resoundingly approved a motion on Wednesday allowing troops to cross into northern Iraq to crush Kurdish rebels hiding there, brushing aside appeals from the United States and the Baghdad government.

  • Little Oil at Risk From Turkey-Kurdish Tension Tuesday, 16 Oct 2007 | 1:21 PM ET
    A Turkish soldier patrols near the Iraq border.

    Only a fraction of global oil supply could be immediately threatened by a Turkish incursion into northern Iraq, but crude prices have surged on concern any conflict may escalate and disrupt the flow from the Middle East.

  • Gold Hits 28-Year Peak on Geopolitical Stress Tuesday, 16 Oct 2007 | 12:13 PM ET

    Gold hit a 28-year high on Tuesday, underpinned by record-high oil prices and geopolitical tension that raised the precious metal's profile.

  • Turkey to Fund $3.5 Billion Iran Gas Deal Alone: Sources Wednesday, 3 Oct 2007 | 11:29 AM ET

    Turkey will finance a $3.5 billion investment in Iranian gas production entirely from a state company of its own as U.S. opposition has put off foreign investors, Energy Ministry officials said on Wednesday.

  • Five Firms Interested in Buying Turkey's ATV-Sabah Monday, 24 Sep 2007 | 8:57 AM ET

    News Corp, ProSiebenSat.1, RTL Group, Czech CME and Greek Antenna TV are interested in buying Turkey's ATV-Sabah, an official at the body selling the firm said on Monday.

  • Turkey's Ruling AKP Wins Vote, Blow to Secularists Monday, 23 Jul 2007 | 12:17 AM ET

    Turkey's ruling AK Party won a resounding election victory on Sunday, giving the pro-business, Islamist-rooted party a mandate for reform but risking fresh tensions with the secular elite.

  • The Iraqi government said Wednesday that Turkish artillery and warplanes bombarded areas of northern Iraq and called on Turkey to stop military operations and resort to dialogue.

  • ING Expands in Turkey With $2.7 Billion Oyak Bank Buy Tuesday, 19 Jun 2007 | 12:02 PM ET

    Dutch banking and insurance company ING Group is buying Turkey's Oyak Bank for $2.67 billion, joining a rush of overseas financial groups buying into the fast-growing Turkish market.