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  • ANKARA, May 25- A presidential system in Turkey will make it easier for the government to take decisions and boost the economy, Finance Minister Naci Agbal told Reuters, saying the new cabinet is as focused on the investment climate as on changing the constitution. "We will especially work on attracting foreign investors to Turkey... we will do whatever it takes...

  • LONDON, May 24- Turkey's lira bounced off near four-month lows on Tuesday after investor-friendly deputy prime minister Mehmet Simsek kept his post in government, though Turkish and other emerging assets came under pressure from a firmer dollar. The currency rebounded 0.6 percent after the news that Simsek, a key member of Turkey's economic management team,...

  • *Yildirim says new constitution a top priority. ANKARA, May 22- Turkish President Tayyip Erdogan confirmed Binali Yildirim, a close ally for two decades and a co-founder of the ruling AK Party, as his new prime minister on Sunday, taking a big step towards the stronger presidential powers he has long sought. His main aim, he said, was to deliver a new constitution and...

  • *Yildirim sole candidate at special congress. ANKARA, May 22- Turkey's incoming prime minister said on Sunday his top priority was to deliver a new constitution to create an executive presidency, giving President Tayyip Erdogan the broad powers he has long sought. As delegates from the ruling AK Party unanimously elected Transport Minister Binali Yildirim as...

  • MONDAY, MAY 23 BEIJING- Federal Reserve Bank of St. Louis President James Bullard gives Beijing City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum- 0930 GMT. ROME- IMF head of mission Rishi Goyal and vice director for Europe Thanos Arvanitis hold a news conference to discuss their latest annual...

  • The 28- nation bloc is planning the concession to Ankara as part of a deal whereby Turkey agrees to take back migrants who reach Greece from its shores, but some EU states are anxious about opening up to a mainly Muslim nation of 79 million people. As well as Turkey, the EU is currently also working on easing travel rules for citizens of Ukraine, Georgia and Kosovo.

  • Turkish President Recep Tayyip Erdogan delivers a speech to lawyers at the Presidential Complex in Ankara, Turkey on April 5, 2016.

    The reason behind Erdogan's maneuvers is to force the EU to take a more accommodating approach to Turkish legislation and practices.

  • BRUSSELS, May 19- The European Union is set to miss an end-June deadline to grant visa-free travel to Turkey because of a dispute over Turkish anti-terrorism law, barring an improbable sudden concession by President Tayyip Erdogan, EU officials and diplomats say. The 28- nation bloc is dependent on Ankara to enforce a deal, criticised by rights groups, that has...

  • LONDON, May 19- Thomas Cook said its summer bookings fell as security concerns meant more holidaymakers opted for breaks in Spain over Turkey, Tunisia and Egypt, outstripping its efforts to adjust flights. Chief Executive Peter Fankhauser said Turkey, its second most popular destination last year, had not recovered as he had hoped after an attack on tourists in...

  • Since the last U.N. conference on cities— Habitat II— in Istanbul in 1996, the center of gravity for "megacities" has shifted to developing regions, the report said. "This trend will continue as several large cities in Asia, Latin America and Africa are projected to become megacities by 2030," it said. The report calls for a "New Urban Agenda" to be adopted at the upcoming...

  • ANKARA, Turkey— CORRECTS: Turkey's military says eight soldiers killed in clashes with Kurdish rebels and subsequent helicopter crash.

  • LONDON, May 12- Brazil's real firmed against the dollar on Thursday as its Senate voted to suspend President Dilma Rousseff pending trial, but emerging equities traded flat as investors awaited fresh impetus for the fading rally. Brazilian assets have risen to near their 2016 highs this week in anticipation of the Senate voting to put Rousseff on trial for...

  • MOSCOW, May 10- Russia's largest airline Aeroflot is using the weaker rouble to undercut foreign competitors and boost passenger numbers on its transfer routes between Europe and Asia in a bid to compensate for plunging domestic traffic. Enticing foreign travelers to use Moscow as a springboard for long-haul flights is a rare opportunity for Aeroflot and...

  • *Tenders expected for Vietnam, Indonesia, Malaysia and India. DUBAI, May 10- Turkish airport operator TAV is planning to bid for new tenders in Vietnam, Indonesia, Malaysia and India in the next 12-24 months, Chief Executive Sani Sener told Reuters on Tuesday, aiming to accelerate its push into new markets. "We are going to be very active in South East Asia and Africa and...

  • LONDON, May 9- Turkish stocks on Monday bounced 1 percent off eight-week lows plumbed last week and the lira steadied, but broader emerging assets remained under pressure from an increasingly gloomy global economic outlook. Among other factors weighing on sentiment in Turkey is the country's bombing of Kurdish militant targets in Iraq, the jailing of two...

  • LONDON, May 6- Following are five big themes likely to dominate the thinking of investors and traders in the coming week, and the Reuters stories related to them. *China April data to show more modest loan, output growth, pick-up in inflation. *China April official factory activity expands but at slower pace.

  • LONDON, May 6- Turkey's lira headed on Friday for its biggest weekly fall versus the dollar in over a year, sharply underperforming other emerging assets, as chances of fresh elections raised fears for its credit ratings and economy. Heightened uncertainty around Turkey, caused by the exit of its moderate prime minister, comes amidst a weaker emerging markets...

  • LONDON, May 5- Turkish stocks fell almost 2 percent on Thursday to eight-week lows and default insurance costs surged after the country's prime minister looked set to leave after clashing with President Tayyip Erdogan. Istanbul- listed stocks are track for their biggest weekly drop since December 2013, with losses of more than 8 percent so far, while local 10-...

  • *Asia shares ex- Japan down 5 pct in past two weeks. *Oil bounces as Canada wildfires threaten production. Prime Minister Shinzo Abe said on Wednesday that Japan would act if necessary to weaken the yen, while the dollar has been supported by data which has fanned optimism that the U.S. economy could bounce back after nearly stalling this year.

  • *Slowdown could hurt support for ruling AK Party. ISTANBUL, May 4- After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real economy which risks denting support for the ruling AK Party. But as he seeks support for an executive presidency to replace Turkey's...