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  • ANKARA, June 8- Turkey faced the prospect of weeks of political turmoil after the ruling AK Party lost its parliametary majority in weekend polls, dealing a blow to President Tayyip Erdogan's ambitions to acquire sweeping new powers. Instead of the two-thirds majority he had wanted to change the constitution and create a new presidential republic, the AK Party,...

  • Turbulence ahead for Turkey? Monday, 8 Jun 2015 | 11:40 AM ET
    Turbulence ahead for Turkey?

    Dr. Burak Arzova, professor at Marmara University, discusses the results of the Turkish elections and the prospects for a coalition.

  • ISTANBUL, June 8- The Turkish lira tumbled to a record low and stocks were hammered on Monday as investors fretted over the possibility of a minority or coalition government after the ruling AK Party failed to win a majority in a parliamentary election. The prospect of deepening political risk has further undermined investor sentiment on Turkey, already seen...

  • *MSCI stocks index down for 11th day. LONDON, June 8- Emerging stocks were on their longest losing streak in a quarter of a century on Monday, led by a six percent slump in Turkish stocks and a new record low for the lira after weekend elections triggered nervousness about its political environment. Istanbul's stocks topped the list of global fallers to put MSCI's...

  • ISTANBUL, June 8- The Turkish lira tumbled to a record low and stocks were hammered on Monday as investors fretted over the possibility of a minority or coalition government after the ruling AK Party failed to win a majority in a parliamentary election. The prospect of deepening political risk has further undermined investor sentiment on Turkey, already seen...

  • Turkey: Time for a better-governed state? Monday, 8 Jun 2015 | 5:20 AM ET
    Turkey: Time for a better-governed state?

    Belkis Alpergun, general manager at COFACE Turkey, says the latest election results from Turkey mark a huge step towards a more democratic country.

  • Turkey elections: Great potential for democracy Monday, 8 Jun 2015 | 4:45 AM ET
    Turkey elections: Great potential for democracy

    Dr. Artunç Kocabalkan, chairman and co-CEO of Istanbul Financial Center Initiative (IFC-I), says he expects temporary turmoil in the markets after the Turkish elections.

  • Turkey: Tough political negotiations ahead Monday, 8 Jun 2015 | 4:15 AM ET
    Turkey: Tough political negotiations ahead

    The Turkish AK political party failed to get a majority vote for the first time in 13 years, which could signal problems ahead. CNBC's Hadley Gamble reports the latest.

  • Turkey is going backwards: Economist Monday, 8 Jun 2015 | 3:30 AM ET
    Turkey is going backwards: Economist

    Economist Arda Tunca tells CNBC that a lack of democracy in Turkey has been holding the country back.

  • Turkey shares slide as ruling party falls short Monday, 8 Jun 2015 | 2:56 AM ET
    Turkish President Recep Tayyip Erdogan

    Tayyip Erdogan's hopes of assuming greater powers suffered a serious blow as the ruling AK Party failed to win an outright majority.

  • Turkish voters weigh in on election results Monday, 8 Jun 2015 | 1:35 AM ET
    Turkish voters weigh in on election results

    CNBC's Hadley Gamble talks to Turkish voters about the issues that have dominated the country's general election.

  • Ruling party loses majority in Turkey Monday, 8 Jun 2015 | 1:15 AM ET
    Ruling party loses majority in Turkey

    CNBC's Hadley Gamble reports from Istanbul as Turkish election results roll in.

  • *Senior AK Party official sees minority govt, early election. ANKARA, June 7- Turkish President Tayyip Erdogan's hopes of assuming greater powers suffered a serious blow on Sunday when the ruling AK Party failed to win an outright majority in a parliamentary election, preliminary results showed. The pro- Kurdish Peoples' Democratic Party was on track to take...

  • *Senior AK Party official sees minority govt, early election. ANKARA, June 7- Turkish President Tayyip Erdogan's hopes of assuming greater powers suffered a serious blow on Sunday when the ruling AK Party failed to win an outright majority in a parliamentary election, partial results showed. The pro- Kurdish Peoples' Democratic Party was on track to take more than...

  • *Senior AK Party official sees minority govt, early election. ANKARA, June 7- Turkey's ruling AK Party may struggle to form a stable government alone, partial results from a parliamentary election indicated on Sunday, dealing a significant blow to President Tayyip Erdogan's ambitions of assuming greater powers. Erdogan, Turkey's most popular but also divisive...

  • *Ruling AK Party expected to be largest party by far. By Daren Butler and Ayla Jean Yackley. ISTANBUL, June 7- President Tayyip Erdogan sought a crushing victory for his vision of a "new Turkey" at elections on Sunday that would furnish him with sweeping executive powers opponents say could undermine democracy.

  • Supporters of the AK Party (AKP) flags during an election rally.

    Turkish elections on Sunday may allow the controversial Justice and Development Party and President Erdogan to consolidate their grip on power.

  • What to expect from the Turkish election Friday, 5 Jun 2015 | 1:35 AM ET
    What to expect from the Turkish election

    Lubomir Mitov, chief economist for Central and Eastern Europe at UniCredit, assesses the risks for Turkey and markets as the country prepares to elect a new government this weekend.

  • MOSCOW/ ANKARA, June 3- Russia's Gazprom plans to start building a pipeline to Turkey this month to get gas to Europe without going through Ukraine, company sources said, although it has no firm agreement with Ankara and faces opposition from the European Union. With the EU determined to reduce its energy dependence on Russia and Turkey seeking big discounts for...

  • Is the Turkish government too involved in telecoms? Tuesday, 2 Jun 2015 | 11:15 AM ET
    Is the Turkish government too involved in telecoms?

    Kaan Terzioglu, CEO of Turkcell, talks about the company's strategy for the future and working with the Turkish government.