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Business Turkey

  • ISLAMABAD, Jan 31- Pakistan aims to raise $350 million from the sale of a stake in Kot Addu Power Company and will also relaunch a share sale in Oil and Gas Development Company but only to domestic investors, its privatisation chief said. Chinese companies showed the most interest "by far" in the planned sale of a 40 percent stake in KAPCO during roadshows in Istanbul,...

  • ISLAMABAD, Jan 31- Pakistan aims to raise $350 million from the sale of a stake in Kot Addu Power Company and will also relaunch a share sale in Oil and Gas Development Company but only to domestic investors, its privatization chief said. Chinese companies showed the most interest "by far" in the planned sale of a 40 percent stake in KAPCO during roadshows in Istanbul,...

  • LONDON, Jan 31- Emerging stocks touched one-week lows on Tuesday but were headed for their best January since 2012, benefiting from expectations of reflationary U.S. policies, though Turkish assets lagged with the lira set for its fifth month in the red. Emerging markets have got off to a strong start to 2017, with stocks and bonds generally outperforming their...

  • *Iran seen keen to speed up deliveries ahead of election. ANKARA/ PARIS, Jan 30- A row over U.S. visa bans may further weaken Iranian President Hassan Rouhani's efforts to attract foreign investors to Iran, particularly if it slows the implementation of deals for Western aircraft, officials and analysts said. The deals for 80 Boeing jets and 100 from Europe's Airbus...

  • Trump’s “America first” policies were likely an overall negative for emerging markets, but they wouldn't be hit equally, Nomura said.

  • ISTANBUL, Jan 29- German authorities should reject requests for asylum from some 40 former Turkish soldiers Ankara suspects of having links to the failed July coup, Turkey's defence minister was quoted as saying on Sunday. Fikri Isik also said that failure to reject the asylum applications could harden relations between Germany and Turkey, according to the...

  • ANKARA, Jan 28- President Donald Trump's sweeping ban on people seeking refuge in the United States is no solution to problems, Turkish Prime Minister Binali Yildirim said on Saturday, adding that Western countries should do more to help ease Turkey's refugee burden. The new Republican president on Friday put a four-month hold on allowing refugees into the...

  • ANKARA, Jan 28- Britain and Turkey signed a defense deal worth more than 100 million pounds on Saturday to develop Turkish fighter jets, opening the way to deeper cooperation over the lifetime of the project. In Ankara to strengthen ties with Turkey as she navigates Britain's departure from the European Union, Prime Minister Theresa May hailed the deal, saying it...

  • ANKARA, Jan 28- Britain and Turkey signed a defence deal worth more than 100 million pounds on Saturday to develop Turkish fighter jets, opening the way to deeper cooperation over the lifetime of the project. In Ankara to strengthen ties with Turkey as she navigates Britain's departure from the European Union, Prime Minister Theresa May hailed the deal, saying it...

  • ISTANBUL, Jan 27- Turkish President Tayyip Erdogan declared his opposition to the central bank's interest rate corridor policy in comments reported on Friday and reaffirmed his view that interest rates cause inflation, "not tomatoes, not pepper". His remarks to journalists on his plane returning from a trip to Africa suggested Erdogan was not going to let up on...

  • ISTANBUL, Jan 27- Turkish President Tayyip Erdogan declared his opposition to the central bank's interest rate corridor policy in comments reported on Friday and reaffirmed his view that interest rates cause inflation, "not tomatoes, not pepper". Erdogan's comments put further pressure on the lira, already weighed down ahead of a review of Turkey's sovereign...

  • Germany's government says it's getting out of the business of defending the honor of foreign leaders.

  • A way to profit from undervalued stocks outside the U.S. that doesn't require deep investing research or local market knowledge.

  • *Several foreign brands have pulled out of Turkey. ISTANBUL, Jan 22- Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. Foreign brands in Turkey are also suffering.

  • *Several foreign brands have pulled out of Turkey. ISTANBUL, Jan 22- Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. Foreign brands in Turkey are also suffering.

  • Ruling Justice and Development Party and main opposition Republican People's Party lawmakers scuffle at the parliament in Ankara during deliberations over a controversial 18-article bill to change the constitution to create an executive presidency January 11, 2017.

    President Erdogan says the reform will provide stability and prevent a return to the fragile coalitions of the past.

  • Turkey is not in a currency crisis: Deputy PM

    Turkish Deputy Prime Minister Mehmet Şimşek explains how his country can play a role when the conflict on its borders is resolved and focus moves to rebuilding.

  • *Erdogan traditionally backs lower interest rates to spur growth. ANKARA/ ISTANBUL, Jan 17- President Tayyip Erdogan called on the financial services industry on Tuesday to lend more to stimulate a flagging Turkish economy but stopped short of criticising the central bank. "If those who are in the position of owning the finance sector do not open the necessary...

  • Apple App Store

    Prices in the UK's App Store are set to rise 25 percent as the pound continues to lose value after Brexit. The Verge reports.

  • *Erdogan traditionally backs lower interest rates to spur growth. ANKARA/ ISTANBUL, Jan 17- President Tayyip Erdogan called on the financial services industry on Tuesday to lend more to stimulate a flagging Turkish economy, but stopped short of singling out the central bank in an attack on borrowing costs. Erdogan, an economic populist who advocates lower...