Business Turkey

  • ISTANBUL, Sept 30- Turkish investment bank Unlu& Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday. Turkish trade with Iran has since risen some 30 percent. Turkish Prime Minister Binali Yildirim said...

  • ANKARA, Turkey— Turkey's opposition leader accused the government on Friday of using emergency powers from the aftermath of a failed coup to clamp down on dissenting voices, as authorities ordered 12 more news organizations to shut down for alleged threats to national security. Turkey declared a state of emergency in the wake of the failed military coup on...

  • MEXICO CITY- Central Bank of Mexico monetary policy statement PRAGUE- Czech National Bank monetary policy meeting- 1100 GMT TAIPEI- Central Bank of the Republic of Taiwan interest rate decision- 0900 GMT ANKARA- Central Bank of the Republic of Turkey to publish the minutes of September policy meeting- 1100 GMT CHISINAU- National Bank of Moldova interest rate...

  • ANKARA, Sept 28- Turkey will draw lessons from its credit downgrade to "junk" by Moody's but is already tackling some of the challenges highlighted by the agency, including structural reform and improving the quality of its institutions, Finance Minister Naci Agbal told Reuters. In his first interview since Moody's cut Turkey's sovereign debt to...

  • *UK summer bookings up 5 pct. LONDON, Sept 28- Holiday company TUI Group lifted its profit forecast for the year due to demand from British holidaymakers and gave a more positive outlook than smaller rival Thomas Cook, which has been hit by a higher Turkish exposure. Turkey's popularity as a holiday destination has plunged following an attack on tourists in...

  • Speaking at a joint news conference with his Turkish counterpart Mevlut Cavusoglu, Johnson said his country hopes to sign a "new jumbo free trade deal" with Turkey after Britain leaves the European Union, adding that London would continue to support Turkey's EU membership bid. "We may be disentangling ourselves from the treaties of the European Union, but we are...

  • LONDON, Sept 27- British travel company Thomas Cook stuck to its annual profit guidance on Tuesday, after strong demand for summer holidays to destinations other than Turkey helped offset pressure on the group. Exposure to Turkey, the group's second most popular destination in 2015, has dragged on Thomas Cook this year as holidaymakers have been put off by an...

  • BEIJING- Asian Development Bank releases its flagship economic publication, its Asian Development Outlook 2016- 0200 GMT MANILA- Central Bank of the Philippines monetary board member Valentin Araneta addresses 2016 Philippine investment conference on "Sustaining Development in a World of Policy Divergence" PRAGUE- Czech National Bank board member Tomas...

  • *Only Fitch holds investment grade rating on Turkey. *Some see opportunity given Turkey fundamentals. ISTANBUL/ ANKARA, Sept 26- On the first trading day after Moody's downgraded Turkey's sovereign rating to "junk," the reaction in Istanbul and Ankara was swift and predictable-- stocks and the lira took a beating and policymakers accused the agency of playing...

  • *Erdogan adviser sees outflows limited to $2- 3 billion. ISTANBUL, Sept 26- Turkish shares tumbled 4 percent and bonds and the lira weakened sharply on Monday after Moody's cut its credit rating to "junk," raising risks of an outflow of foreign funds and a squeeze on external borrowing. Turkey depends on investment to fund its current account deficit- one of the...

  • LONDON— Turkish financial markets took a battering Monday after ratings agency Moody's downgraded the country's credit grade to junk status to account for a series of shocks to the economy that included a string of bombings and an attempted coup. The sell-off is largely due to Moody's statement late Friday that it was cutting Turkey's government debt rating...

  • LONDON, Sept 26- Turkish stocks, bonds and the lira sold off on Monday after a credit rating downgrade to junk while rising unease over U.S. politics and a meeting of oil exporters spurred broader emerging markets weakness. "You've had the coup, you have had various terrorist attacks, you have a central bank that is cutting interest rates and it is far from clear... that...

  • *Turkey eurobonds fall by as much as 3.9 cents. ISTANBUL, Sept 26- Turkish shares tumbled 4 percent while bonds and the lira also weakened sharply on Monday after ratings agency Moody's cut Turkey's sovereign rating to "junk," triggering fears of an outflow of foreign funds. Turkey depends on investment flows to fund its current account deficit- one of the biggest in...

  • A CRH high-speed train at the Xuchang East Railway Station that is part of China's domestic high-speed rail network.

    China is designing its next generation of trains that can carry passengers at a top speed of 500km/h, the SCMP reports.

  • ISTANBUL, Sept 24- Credit ratings agency Moody's Investor Service has downgraded Turkey's sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy. The agency, which cut the government's long-term issuer and senior unsecured bond ratings debt to...

  • -0600 GMT PRAGUE- Czech National Bank Governor Jiri Rusnok to attend at discussion Future V4- business in Central and Eastern Europe- 0700 GMT JERUSALEM- Bank of Israel interest rates decision followed by Governor Karnit Flug holding a news conference- 1300 GMT. TUESDAY, SEPTEMBER 27 BEIJING- Asian Development Bank releases Asian Development Outlook 2016, its...

  • FRIDAY, SEPTEMBER 23 NEW DELHI- Indian Finance Minister Arun Jaitley holds first meeting of the Goods and Services Tax Council BANGKOK- Bank of Thailand gives updated economic forecasts- 0030 GMT. MONDAY, SEPTEMBER 26 PRAGUE- Czech National Bank Governor Jiri Rusnok to attend at discussion Future V4- business in Central and Eastern Europe- 0700 GMT JERUSALEM-...

  • UNITED NATIONS— Responding to increasing attacks on airports and aircraft, the U.N. Security Council on Thursday unanimously approved its first-ever resolution to address extremist threats to civil aviation and urge beefed-up security. "The Security Council has delivered a resounding call to action for the international community," said Britain's...

  • ANKARA, Turkey— The United States has warned its citizens to avoid Starbucks coffee shops and other businesses catering to Westerners in the Turkish city of Gaziantep, near the border with Syria. In a security warning sent to U.S. citizens Thursday, the U.S. Embassy said Turkish police were investigating a "terror cell" in Gaziantep that could be targeting "...

  • ANKARA, Turkey— Turkey's central bank cut a key interest rate for the seventh month in a row on Thursday as it tries to shore up an economy that has been shaken by a series of bombings and an attempted coup. Turkey's economy has suffered this year in the face of a string of extremist attacks and uncertainty following the failed coup on July 15 that saw more than 270...