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Business Turkey


  • Despite Libyan rights abuses, Europe listened, and Italy signed a deal with the Gadhafi regime. At a high-profile summit in Brussels Sunday, Europe's leaders will offer Turkey 3 billion euros, an easing of visa restrictions and the fast-tracking of its EU membership process. More than 600,000 have entered through Greece, many after making the short sea crossing...

  • Russian President Vladimir Putin (C) greets Turkish President Tayyip Erdogan (L) during an opening ceremony for the newly restored Moscow Cathedral Mosque on September 23, 2015.

    News that Turkey's president has extended a hand to Putin has raised hopes that tensions between the two countries could be soothed.

  • LONDON, Nov 27- Emerging market assets ended the week on a sour note, with major stocks and currencies chalking up daily and weekly losses as domestic woes were compounded by new worries over the health of the Chinese economy. MSCI's broadest emerging market equity index fell 1.2 percent on the day and was on track for an almost 2 percent weekly loss.

  • Turkish president dismisses Russian concerns

    CNBC's Hadley Gamble reports that Turkey's president, Recep Erdoğan, criticized Russian complaints about the shooting down of a Russian jet as emotional and unfitting.

  • How concerned are Turkey's businesses?

    CNBC's Hadley Gamble reports from Istanbul about the mood of the Turkish business community in light of tensions between Turkey and Russia.

  • Has Turkey made a miscalculation?

    Ahmet Kasim Han, international relations professor at Kadir Has Üniversitesi, discusses Turkish President Recep Erdoğan, who refuses to apologize for gunning down a Russian military plane, and whether Russia will enact economic revenge.

  • Putin threatens to leave Syria coalition

    CNBC's Geoff Cutmore reports from Russia about President Vladimir Putin's anger over the shooting down of a Russian jet by Turkey.

  • Turkey will work with Russia to calm tensions

    CNBC's Hadley Gamble reports from Turkey that, despite conciliatory tones from Turkish President Recep Erdoğan, he still has not apologized for shooting down a Russian military jet.

  • President Erdogan denies Turkey buys oil from ISIS Thursday, 26 Nov 2015 | 7:27 AM ET
    Turkish President Recep Tayyip Erdogan

    Turkey only procures oil and gas from known sources and those who accuse it of buying from ISIS need to prove it, President Erdogan said on Thursday.

  • MOSCOW, Nov 26- Russia's President Vladimir Putin said on Thursday that from Moscow's point of view, Turkey is deliberately trying to bring relations between Moscow and Ankara to a standstill. "It seems that the Turkish leadership is deliberately driving relations into a dead end," Putin said at the Kremlin ambassador credentials ceremony.

  • Russia strikes back at Turkey with economic sanctions Thursday, 26 Nov 2015 | 5:10 AM ET

    MOSCOW— Russia plans to retaliate against Turkey for the downing of a warplane by imposing sanctions, cutting economic ties and scrapping major investment projects. Since the plane was shot down Tuesday in disputed circumstances on the Syria- Turkey border, Russia has already restricted tourism, left Turkish trucks stranded at the border and announced the...

  • Will Russia ban Turkish imports? Thursday, 26 Nov 2015 | 5:00 AM ET
    Will Russia ban Turkish imports?

    CNBC anchor Geoff Cutmore reports from Russia that the Kremlin has no plans to impose food sanctions on Turkey.

  • Challenges for President Putin Thursday, 26 Nov 2015 | 4:05 AM ET
    Challenges for President Putin

    Vadim Nikitin, senior associate at Stroz Friedberg, talks about how Russian president Vladimir Putin is dealing with the situation in Syria and the escalating tensions with Turkey.

  • Hollande could use this leveraging ace on Russia Thursday, 26 Nov 2015 | 12:16 AM ET
    Hollande could use this leveraging ace on Russia

    Russia may trade an end of EU sanctions with cooperation on Syria, says Tina Burrett, assistant professor of political science at Sophia University.

  • Russia: Jet downing won't stop us flying near Turkey Wednesday, 25 Nov 2015 | 8:48 PM ET

    Russia sent an advanced missile system to Syria to protect its jets and pledged its air force would keep flying missions near Turkish air space.

  • 'Turkey has scuttled all of France's plans' Wednesday, 25 Nov 2015 | 7:33 PM ET
    'Turkey has scuttled all of France's plans'

    France was hoping to build a broad coalition against ISIS, but talks have been complicated by the Russia-Turkey jet incident that's forced countries to take sides, says Lauren Goodrich, senior Eurasia analyst at Stratfor.

  • Russia-Turkey jet incident 'not likely to escalate' Wednesday, 25 Nov 2015 | 5:50 PM ET
    Russia-Turkey jet incident 'not likely to escalate'

    Brian Jenkins, senior adviser at RAND, says the countries will not go to war over Turkey's downing of a Russian jet, but there will be repercussions.

  • *Wall St flat, European stocks rally. NEW YORK, Nov 25- The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash. "A lot of people are taking the day off and this is just programs trading There's...

  • Hollande urges de-escalation of Russia-Turkey tensions Wednesday, 25 Nov 2015 | 2:10 PM ET
    German Chancellor Angela Merkel (L) is greeted by French President Francois Hollande (R) at the Elysee Palace in Paris, France, October 27, 2015.

    France's Francois Hollande says world powers must work together to prevent a further worsening of relations between Russia and NATO member Turkey.

  • Moscow agrees to keep up diplomacy on Syria Wednesday, 25 Nov 2015 | 1:29 PM ET
    Federica Mogherini

    The office of EU foreign policy chief Federica Mogherini said that Russia agreed to try for a diplomatic solution in Syria.