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Business Turkey


  • 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.

  • 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...

  • 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'

    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'

    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.

  • GLOBAL MARKETS-Euro falls; strong dollar weighs on oil Wednesday, 25 Nov 2015 | 12:51 PM ET

    NEW YORK, Nov 25- The dollar gained and the euro fell as far as a seven-month low on Wednesday following a Reuters report that the European Central Bank is weighing further easing monetary policy soon, including buying more debt and charging banks for hoarding cash. European stocks rallied and Wall Street was little changed, leaving an MSCI measure of equities...

  • Downed Russian pilot: I received no warning from Turkey Wednesday, 25 Nov 2015 | 10:31 AM ET
    Downed Russian pilot: I received no warning from Turkey

    CNBC's Hadley Gamble reports on conflicting stories and rising tensions in the Middle East after a Russian military plane was shot down by Turkey.

  • *Germany wants permanent quota system for sharing refugees. BRUSSELS/ IDOMENI, Greece, Nov 25- The European Union's chief executive warned on Wednesday that the survival of Europe's "partially comatose" open border travel zone and its single currency were both at risk if member nations continue erecting internal barriers to keep out refugees.

  • *ECB report overshadows Russia- Turkey tensions. These sweeping moves ahead of the European Central Bank's policy meeting next week overshadowed the reverberations of Turkey's shooting down of a Russian fighter jet this week, which had earlier somewhat tempered investors' risk appetite. said Josh O'Byrne, currency strategist at Citi in London.

  • Russian and Turkish ministers to meet over downed jet Wednesday, 25 Nov 2015 | 7:11 AM ET
    Speaking before a meeting with Jordan's King Abdullah, Russian President Vladimir Putin called Turkey's downing of a Russian fighter jet "a stab in the back" carried out by the accomplices of terrorists, saying the incident would have serious consequences for Moscow's relations with Ankara.

    The foreign ministers of Russia and Turkey decide to meet in the coming days to discuss the situation on Turkey's border with Syria.

  • Russian pilot 'alive and well': Report Wednesday, 25 Nov 2015 | 7:00 AM ET
    Russian pilot 'alive and well': Report

    NBC's Joe Fryer reports the latest details on the rising tensions between Russia and Turkey after a Russian military jet was shot down on the Syrian border.

  • Putin painted into a corner: Expert Wednesday, 25 Nov 2015 | 6:13 AM ET
    Putin painted into a corner: Expert

    What are Vladimir Putin's biggest risks? Col. Jack Jacobs, Medal of Honor Recipient and MSNBC military analyst, talks about Russian retaliation against Turkey amid rising tensions in the Middle East.

  • Tensions escalates between Turkey and Russia Wednesday, 25 Nov 2015 | 6:08 AM ET
    Tensions escalates between Turkey and Russia

    CNBC's Hadley Gamble reports tensions are running high in the Middle East and Vladimir Putin is making new comments about the Russian military plane shot down by Turkey.

  • LONDON, Nov 25- Turkish shares hit six-week lows on Wednesday and the lira extended losses on fears that rising tensions with Russia could hurt the already shaky economy. MSCI's emerging equity index was flat though Chinese shares closed higher as the dollar reversed earlier losses to inch back towards a recent eight-month high against a basket of currencies.

  • "Equity markets are moving higher as the dust settles from the political fallout between Russia and Turkey," said David Madden, market analyst at IG in London. Nevertheless, Russia said on Wednesday it will send an advanced air defence system to reinforce its air base in Syria and consider cancelling a raft of joint business projects with Ankara after one of its...

  • Will Turkish/Russian tensions escalate? Wednesday, 25 Nov 2015 | 4:00 AM ET
    Will Turkish/Russian tensions escalate?

    Mehmet Ali Tugtan, assistant professor of international relations at Istanbul Bilgi University, speaks to Hadley Gamble about the Russian military jet which was shot down by Turkey and how this could negatively affect Turkey's economy if Russia retaliates.

  • Tensions rise in the Middle East Wednesday, 25 Nov 2015 | 4:00 AM ET
    Tensions rise in the Middle East

    Christopher Granville, managing director of Trusted Sources, says Turkey is hostile to a peace process in Syria.