The Abraaj Group has taken a 25 percent stake in Turkish online retailer Hepsiburada.com in a bid to help it grow.» Read More
Everybody's worried about the euro zone, but Turkey gets some good news — it's time for your FX Fix.
In 2008, Eastern Europe was in the throes of a major financial crisis. Burdened with public and private debt, Hungary, Latvia and Romania had to be bailed out by the IMF; they faced severe austerity measures and high unemployment. Fast forward three years and Eastern Europe seems in much better shape, while the West faces the most serious financial challenge since the establishment of the European Union.
Worries about Western Europe have spilled into countries in Central and Eastern Europe and the region's fate is tightly linked to that of its main exporting market, Wike Groenenberg, head of CEEMEA strategy at Citi, told CNBC on Wednesday.
We know that Bernanke & Co. have been actively trying to downplay any talk of QE3 and today's WaPo article "Ben Bernanke unlikely to announce big new plans at Jackson Hole is a fine example of this "leaking" process.
Investors have been getting out of emerging markets lately, but has the selling gone too far? Trader Tim Seymour thinks he's found some value.
Investors are looking for any safe haven in a storm — it's time for your FX Fix.
The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.
Japan acts to take the yen lower and Turkey resets everything — time for your central bank FX Fix.
German retail group Metro saw sales grow only marginally in the second quarter, led by its emerging markets business, as weak consumer spending in Western Europe weighed on its results.
Deadlocked debt-ceiling talks dent the dollar and send the Swissie soaring - it's time for your daily FX Fix.
The Central Bank of Turkey (CBT) has kept interest rates unchanged at a record low of 6.25 percent, in line with analyst expectations. It underscored that it may narrow the interest rate corridor gradually if global growth concerns and “sovereign debt problems regarding some European economies” dent risk appetite.
Doves are out in Australia and the euro's getting a lift - it's time for your daily FX Fix.
Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says.
Bank of England governors warn of weakness, and everybody is waiting for Bernanke — it's time for your FX Fix.
On Friday’s Money In Motion, I had two trades that I liked for this week. Here's what to do with them now.
Recep Tayyip Erdogan's AKP won a comfortable majority in the Turkish elections, but the Prime Minister's desire to change the constitution could distract the new government from managing an overheating economy, analysts told CNBC.com.
Turkish citizens went to vote Sunday in an election with a lot at stake.
Turkey's economy has been on a tear, but this election may mark a turning point for the lira. Here's how to trade it.
While its stock exchange was a shining performer last year, Turkey is now facing the reality of an unorthodox monetary policy that is failing to gain traction. It comes ahead of an important election on June 12, and raises some serious concerns among foreign investors as to whether the world’s 17th biggest economy is overheating.
On paper Kemal Dervis would seem to be the perfect candidate to succeed Dominique Strauss-Kahn as leader of the International Monetary Fund. The New York Times reports.