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Business Turkey

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  • Euro Slips, Japan Slows, Iranian Rial Slides Monday, 10 Sep 2012 | 7:55 AM ET
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    Japan is slowing and Italy talks tough — it's time for your FX Fix.

  • Maslak is a neighborhood and one of the main business districts of Istanbul, Turkey.

    The chairman of Sabanci Holding, one of Turkey’s most powerful family-run conglomerates, said no decision had yet been made on the fate of its joint venture with Europe’s largest retailer, Carrefour.

  • Turkey Mosque

    Straddling Europe, Asia and the Middle East, Turkey is a Muslim country with ancient Christian roots but founded as a modern nation in 1923 by a militant secularist, Mustafa Kemal Ataturk. It’s now the fastest-growing economy in Europe.

  • Investing Abroad? Experts Offer Their Advice Thursday, 23 Aug 2012 | 5:51 PM ET
    Brazil has a statutory minimum of 30 days for vacation and 11 days for public holidays. Pictured: Ipanema Beach, Rio de Janeiro

    Investing abroad always poses risk but if you’re careful, though, you can profit nicely in overseas markets, some with double-digit year-over-year growth.

  • Talking Numbers: Turkish Market ETF Up 35% Thursday, 23 Aug 2012 | 3:24 PM ET
    Talking Numbers: Turkish Market ETF Up 35%

    Discussing whether Turkey's latest economic growth makes for a great investment, with Joyce Chang, JPMorgan head of emerging markets research; and Mark Newton, Greywolf execution partners.

  • Turkey Is Hot for Hiring Great Talent Wednesday, 22 Aug 2012 | 4:36 PM ET
    Maslak is a neighborhood and one of the main business districts of Istanbul, Turkey.

    Research has shown that there will continue to be a battle for top talent in Turkey, as it competes with the West to attract and retain the best employees, says Mark Hamill, CEO of global search firm SpenglerFox

  • Investing in Turkish Treasures Wednesday, 22 Aug 2012 | 3:58 PM ET
    Circa 1575  3.9 in. high, 8.9 in. wide £14,000 ($21,979)Like dishes and bowls, Iznik tiles were extremely decorative and detailed, often using the colors cobalt blue and emerald green, which were set on a white background.Tiles were often commissioned by Sultans for the walls of important buildings, as many a visitor to Istanbul knows.“This border tile contains part of a stylized meandering floral design, and along with similar tiles would have framed a large central pattern on the wall of a mo

    From carpets to calligraphy to ceramics, there is a lot of history and variety to the fine art of Turkey and the Ottoman Empire that preceded it.

  • Europe's Fastest-Growing Economy Needs More Oil Friday, 17 Aug 2012 | 9:44 AM ET
    Turkey's Energy Minister (2R), Turkish Cypriot leader Dervis Eroglu (4R) and Turkish-Cypriot Prime Minister Irsen Kucuk (R), attend a ceremony an oil rig platform during a ground-breaking ceremony in the village of Sygkrasi, near Famagusta, where the state-run Turkish Petroleum Corporation (TPOA) bored their first onshore probe on April 26, 2012.Turkey began its first exploratory oil and gas drilling in the breakaway northern sector of the divided Cyprus on April 26, amid a dispute over rights t

    Turkey’s dependence on imported oil is hampering its growth, and is likely to continue doing so as the country’s prosperity increases, regional analysts and energy experts say.

  • Big Opportunities in Turkey’s Digital Economy Thursday, 16 Aug 2012 | 10:59 AM ET
    Ethernet cable connected to laptop computer.

    Turkey's information and communications technology sector is probably the foremost candidate for growth.

  • A Decade-Long Ascent to Economic Power Wednesday, 15 Aug 2012 | 9:58 AM ET
    Karsan-Otomotiv-Sanayii-Auto-Factory-turkey-200.jpg

    The U.S. may have committed a strategic error in not recognizing Turkey as a geographic bridge and trade center earlier.

  • Investing in Europe's Fastest-Growing Economy Wednesday, 15 Aug 2012 | 9:58 AM ET
    Hagia Sofia and Blue Mosque seen from Topkapi Palace in Istanbul, Turkey.

    Turkey’s roaring economy has earned it the nickname “New Tiger” among foreign investors -— who are pouring money into the country.

  • Nuclear-Plant May Test Turkey’s Trade-Diplomacy Wednesday, 15 Aug 2012 | 9:57 AM ET
    The coal fueled Fiddlers Ferry power station emits vapour into the night sky in Warrington, United Kingdom.

    Ankara’s effort at energy self-sufficiency will mean dishing out big contracts without offending any of its major trade partners.

  • How to Invest in a Powerhouse Emerging Market Wednesday, 15 Aug 2012 | 9:57 AM ET
    Traders work on the floor of the Istanbul Stock Exchange in Istanbul, Turkey.

    Dominated by a highly-regarded banking sector and flourishing consumer goods industry, Turkey’s stock market is easy for foreign investors to access.

  • When Will Turkey Join the European Union? Monday, 13 Aug 2012 | 12:55 AM ET
    Maslak is a neighborhood and one of the main business districts of Istanbul, Turkey.

    For years, the prospect of Turkey joining the EU wasn't taken seriously. But Turkey has embarked on a series of economic and political reforms, making it more palatable to EU members.

  • Your First Move For Thursday July 12th Wednesday, 11 Jul 2012 | 6:40 PM ET

    Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!

  • Agri Market Improving on Weather Concerns Tuesday, 26 Jun 2012 | 6:47 PM ET
    Agri Market Improving on Weather Concerns

    Tom Essaye, Editor, Money and Markets says things are improving in corn & soybean markets due to hot weather concerns.

  • Euro coins

    Troubled Cyprus, the small island affected by its closeness to Greece, has approached Russia for a loan, but its preferred option would be borrowing from Europe, the island’s Finance Minister told CNBC Friday.

  • Istanbul's Arasta Bazaar

    Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.

  • Turkey Will Manage a Soft Landing: Finance Minister Tuesday, 5 Jun 2012 | 12:15 PM ET
    Istanbul's Arasta Bazaar

    Turkey’s economy, which grew by a stellar 8.5 percent last year, will manage to achieve a soft landing this year despite rising external risks such as the euro zone debt crisis, the country’s finance minister Mehmet Simsek told CNBC on Tuesday.

  • Euro Sinks, China Talks Tough, Dollar Gets a Lift Tuesday, 29 May 2012 | 7:49 AM ET
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    Spain's pain hits the euro and China and Japan go direct - it's time for your FX Fix.