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Business Turkey


  • A new front in the war on ISIS: Cut off its cash Tuesday, 17 Nov 2015 | 11:35 AM ET
    Militant Islamist fighters parade on military vehicles along the streets of northern Raqqa province, June 30, 2014.

    Even before last week's Paris attacks, U.S. officials had opened up a new front in the war on ISIS: cutting off its cash flow.

  • Russia and US could join forces to combat ISIS Monday, 16 Nov 2015 | 2:27 PM ET
    President Barack Obama chats with Russian President Vladimir Putin at the Group of 20 leaders summit in Antalya, Turkey, on Nov. 16, 2015.

    The horrific attacks in Paris could mean a new era of cooperation between Russia and the United States in the fight against ISIS.

  • Obama, Putin go head to head on G-20 sidelines Monday, 16 Nov 2015 | 9:13 AM ET
    President Barack Obama, left, speaks with Russian President Vladimir Putin, right, prior to the opening session of the G-20 summit in Antalya, Turkey, Sunday, Nov. 15 2015.

    Vladimir Putin and Barack Obama had an informal meeting on the sidelines of the Group of 20 summit in Turkey. NBC News reports.

  • Turkey ends missile deal talks with China Sunday, 15 Nov 2015 | 2:04 PM ET

    ANKARA, Turkey— Turkey's state-run news agency says Turkey has ended negotiations with China on building a missile defense system. The deal with China had been a source of tension with NATO partners, who said they would not integrate Chinese-made hardware with a European-wide system. The indications that the deal is being abandoned come as leaders from the 20...

  • *World leaders gathering for G20 summit in Turkey. *Turkey says it stands with France in fighting terrorism. BELEK, Turkey, Nov 14- Turkish President Tayyip Erdogan urged world leaders on Saturday to prioritise the fight against terrorism as they gathered for a summit in southwestern Turkey, saying the Paris attacks claimed by Islamic State showed the time for...

  • *World leaders gathering for G20 summit in Turkey. *Turkey says stands with France in fighting terrorism. BELEK, Turkey, Nov 14- President Tayyip Erdogan urged world leaders on Saturday to prioritize the fight against terrorism as they gather for a summit in Turkey, saying attacks in Paris claimed by Islamic State showed the time for words was now over.

  • ISTANBUL— Turkish soldiers killed four suspected Islamic State militants Saturday and authorities detained 11 demonstrators a day before leaders of the G-20 group of economic powerhouses meet for a summit overshadowed by the slaughter in Paris. The Anadolu Agency said two cars believed to be carrying IS militants approached an armored military vehicle,...

  • VALLETTA, Malta— Passport free travel in Europe is under threat as countries reintroduce border controls, toughen security and build fences in response to the biggest refugee emergency the continent has seen in decades. But Sweden says security at its borders cannot be assured and announced that checks were resuming on Thursday, while tiny Slovenia has begun...

  • LONDON, Nov 11- A dollar pullback helped emerging assets stabilize on Wednesday, with stocks flatlining after four days of losses, while a surprise current account surplus in Turkey provided a strong boost to stocks and the lira. MSCI's emerging index was flat as the dollar pulled away from seven-month highs hit against major currencies on expectations of a U.S....

  • Europe criticizes Turkey for escalating violence Tuesday, 10 Nov 2015 | 7:16 AM ET
    Istanbul, Turkey.

    The European Commission has expressed "serious concerns" about pressures on media freedom and other civil rights in Turkey.

  • Market relaxed after Turkish elections: Turkcell CEO Tuesday, 10 Nov 2015 | 3:10 AM ET
    Market relaxed after Turkish elections: Turkcell CEO

    Kaan Terzioglu, CEO of Turkcell, says the political stability achieved after Turkey’s most recent election has relaxed the markets.

  • Given the Syria factor, here's how to play oil Monday, 9 Nov 2015 | 7:00 AM ET
    Rebel fighters aim their weapons as they demonstrate their skills during a military display as part of a graduation ceremony at a camp in eastern al-Ghouta, near Damascus, Syria July 12, 2015. The newly graduated rebel fighters, who went through military training, will join the the Free Syrian Army's Al Rahman legion.

    President Obama has upped U.S. engagement in Syria. Here's how to play energy markets in the wake of the escalating conflict, says Michael Bolliger.

  • Why all isn't lost in emerging markets just yet Sunday, 8 Nov 2015 | 1:00 PM ET
    File photo: Indian residents walk past the Bombay Stock Exchange (BSE) during intra-day trading at a brokerage house in Mumbai.

    Despite the carnage in emerging markets, there are still some regions that may be relatively attractive to investors.

  • ANKARA, Nov 6- Behind its monolithic facade, a row over economic policy is raging in Turkey's AK Party as it readies for another four years in power, with President Tayyip Erdogan's aides pumping populist growth plans while others lobby for reforms. On the one side are presidential advisors including Cemil Ertem and Yigit Bulut, former journalists who, like...

  • *European stocks up on data; China drives Asia lower. *Dollar drops vs euro; oil, copper dip on China. NEW YORK, Nov 2- U.S. and European stocks climbed on Monday on mixed U.S. economic data and slightly stronger-than-expected German factory activity, even as weak Chinese data dragged down Asian markets.

  • Sunday's vote saw the ruling AK Party regain the majority it lost in June and marked the end of an almost two-year election cycle in which economic policy has been driven more by vote-seeking populism than structural reform. Turkey will, in all likelihood, not now face another election until 2019, meaning policy makers have a chance to push through potentially...

  • BEIJING/ WASHINGTON, Nov 2- In August, foreign ministers from 10 nations blasted China for building artificial islands in the disputed South China Sea. WCRW is just one of a growing number of stations across the world through which Beijing is broadcasting China- friendly news and programming. Many of these stations primarily broadcast content created or...

  • *European stocks up on data after China drives Asia lower. *Dollar, oil, copper dip on China. LONDON, Nov 2- European stocks and the euro rose on Monday after slightly stronger than expected German factory activity data outweighed gloomy numbers from China and ECB officials threw into doubt expectations of more stimulus to come as soon as next month.

  • LONDON, Nov 2- An outright election win for Turkey's ruling AK Party helped Turkish assets score sharp gains on Monday, outperforming other emerging markets where moves were subdued amid persistent worries over China's economy. Emerging markets, which face the twin headwinds of a slowing Chinese economy and a looming U.S. interest rate rise, saw MSCI's equity...

  • *Europe, Asia shares fall after China factory data. *Dollar, oil, copper dip on China. LONDON, Nov 2- Stocks fell in Europe and Asia on Monday after further evidence of economic slowdown in China, but modest growth in German factory activity slightly brightened the mood.