Business Turkey

  • ISTANBUL, Dec 23- Turkish food giant Yildiz Holding said on Friday it has sold a $400 million stake in biscuit maker Ulker to its London- based holding company, to which it has moved its core biscuit, chocolate and confectionery businesses. Yildiz, which it says is the largest food manufacturer in central and eastern Europe, the Middle East and Africa, eventually...

  • Syrians walk through the former rebel-held Zebdiye district in the northern Syrian city of Aleppo on December 23, 2016.

    Syrian rebels shelled Aleppo and air strikes resumed around the city on Friday as Assad said insurgents' withdrawal may spur a political solution.

  • NEW YORK, Dec 23- The dollar held steady on Friday in a tight trading range, as traders moved to the sidelines ahead of the Christmas holiday weekend, leaving the greenback about half a percent below a 14- year peak set earlier this week. It has gained 5 percent against a basket of currencies since Donald Trump's U.S. presidential victory on Nov. 8.

  • ISTANBUL, Dec 23- Turkish food giant Yildiz Holding said on Friday it has sold a $400 million stake in biscuit maker Ulker to its London- based holding company, to which it has moved its core biscuit, chocolate and confectionery businesses. Yildiz, which it says is the largest food manufacturer in central and eastern Europe, the Middle East and Africa, eventually...

  • NEW YORK, Dec 23- The dollar held steady on Friday, lingering about half a percent below a 14- year peak set earlier this week, as traders moved to the sidelines ahead of the Christmas holiday weekend. The dollar has rallied more than 5 percent against a basket of currencies since Donald Trump's surprise U.S. presidential election win on Nov. 8. They don't want to...

  • NEW YORK, Dec 23- The dollar held steady on Friday, lingering about half a percent below a 14- year peak set earlier this week, as traders moved to the sidelines ahead of the Christmas holiday weekend. The dollar has rallied more than 5 percent against a basket of currencies since Donald Trump's surprise U.S. presidential election win on Nov. 8. They don't want to...

  • MOSCOW, Dec 21- The Kremlin said on Wednesday it was too early to say who stood behind the murder of Russia's ambassador to Turkey, Andrei Karlov, who was shot dead by a gunman at an Ankara art gallery on Monday. Secretary of State John Kerry that Ankara and Moscow believe followers of Muslim cleric Fethullah Gulen were behind the killing, ministry sources said on...

  • Control Risks: Killing won't derail Russia-Turkey rapprochement

    Control Risks Senior Partner Charles Hecker talks about the relationship between Russia and Turkey, in light of the Russian Ambassador’s assassination.

  • *Turkish lira recovers after Russian envoy gunned down in Ankara. NEW YORK, Dec 20- The dollar climbed to a 14- year high on Tuesday as Federal Reserve Chair Janet Yellen's comments on jobs reinforced the notion of faster U.S. interest rate hikes next year than had been expected. "It's a bit yield-driven, but flows are extremely light," said Ian Gordon, G10 currency...

  • ANKARA, Dec 20- Turkey's foreign minister has told U.S. Secretary of State John Kerry that Ankara and Moscow believe followers of Muslim cleric Fethullah Gulen were behind the killing of Russian ambassador Andrei Karlov, ministry sources said on Tuesday. Ankara has also accused Gulen of orchestrating a failed coup in July, a charge the cleric denies.

  • *Turkish lira recovers after Russian envoy gunned down in Ankara. NEW YORK, Dec 20- The dollar climbed to a 14- year high on Tuesday after Federal Reserve Chair Janet Yellen's comments about the labor market reinforced the notion of a faster pace of U.S. interest rate hikes next year than had been expected. "The dollar and bonds have been trading in lockstep," said...

  • Wall Street extended a recent rally on Monday but finished the session short of earlier highs as risk aversion set in following the killing of Russian ambassador to Turkey in Ankara and a truck attack in Germany. "2016 is ending with tragic incidents in Turkey and Germany, but investors have become so fast in digesting bad news, and this explains the resilience in...

  • SAO PAULO, Dec 20- Brazilian stocks rose on Tuesday after the nation's central bank announced measures to reduce credit costs, boosting financial institutions' shares. Shares of lenders Itaú Unibanco Holding SA, Banco do Brasil SA and Bradesco SA advanced more than 2 percent, lifting the country's benchmark Bovespa stock index up 1 percent.

  • Dec 20- Wall Street looked set to open higher on Tuesday as investors appeared to have shrugged off the potential impact from increased political tensions following Monday's deadly attacks in Turkey and Germany. Wall Street extended a recent rally on Monday but finished the session short of earlier highs as risk aversion set in following the killing of...

  • *European shares steady after attacks in Germany, Turkey. LONDON, Dec 20- The dollar hit a 14- year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey. On Wall Street, the Dow appeared set for another run at 20,000 points, as concern after the attacks in...

  • Berlin attack highlights lack of leadership in Europe

    Kurt Volker, The McCain Institute, provides insight to the truck attack in Berlin and the pressure it puts on Angela Merkel.

  • *Wall Street extended a recent rally on Monday but finished the session short of earlier highs as risk aversion set in following deadly attacks in Germany and the killing of Russian ambassador to Turkey in Ankara. * "2016 is ending with tragic incidents in Turkey and Germany, but investors have become so fast in digesting bad news, and this explains the resilience...

  • Turkey vows to work closely with Russia on terror attack

    NBC News's Richard Engel reports the latest details on the murder of Russia's ambassador to Turkey who was shot and killed at a public event.

  • LONDON, Dec 20- Gold fell on Tuesday as the dollar rebounded towards its highest in more than a decade, after Federal Reserve Chair Janet Yellen's comments on the U.S. jobs market boosted bets on further interest rate hikes next year. Spot gold was down 0.5 percent at $1,132.81 an ounce at 1035 GMT, while U.S. gold futures for February delivery were down $7.90 an ounce...

  • LONDON, Dec 20- Emerging equities slid to a one-month low on Tuesday but Turkey's lira and dollar bonds recovered the losses they incurred on Monday after the Russian ambassador was killed in an attack in the Turkish capital Ankara. The Turkish lira rebounded 0.7 percent against the dollar after slipping 0.7 percent on Monday when an off-duty policeman shot...