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Business Turkey

  • How Much Has Europe Dragged On Turkey?

    Mehmet Simsek, Turkey's finance minister tells CNBC, that growth has slowed in Turkey partly on purpose to control inflation but also because of Europe's difficulties, as Europe counts for a chunk of their exports.

  • A four-day gain in the S&P 500 greeted investors ahead of Thanksgiving, but the rally might not have much room to run, the CNBC “Fast Money” pros said Wednesday.

  • Aussie Jumps, Euro Lifts, Korea Cuts

    The Bank of Japan stands pat and the Greek drama plays on — it's time for your FX Fix.

  • Obama on Syria: Situation Has Deteriorated

    President Obama says the U.S. is constantly communicating with the opposition movement in Syria.

  • Aussie Jumps, Euro Lifts, Korea Cuts

    Greece bites the bullet and Japanese GDP sags — it's time for your FX Fix.

  • The Cost of Thanksgiving Dinner, 2012

    Shoppers often fret about the ever-rising costs of every day goods, but this year the cost of a turkey dinner with all the trimmings has risen only slightly from last year.

  • Traffic congestion in Europe is increasing, with Istanbul topping the list of the cities with the worst congestion on the continent, according to the latest “Congestion Index” by navigation producer TomTom.

  • CLEVELAND/ CHICAGO- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • WASHINGTON- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • BAKU, Nov 6- Azerbaijan's $33- billion state oil fund is to help finance the $8 billion Trans-Anatolian natural gas pipeline project to take Azeri gas to Turkey and to markets in Europe, the head of the fund said on Tuesday. Turkey has a 20 percent stake in TANAP, while Azerbaijan's state oil company SOCAR holds 80 percent.

  • DUBAI, Nov 6- Credit Suisse and Qatar's sovereign wealth fund have set up an asset management joint venture as the gas-rich Gulf state looks to beef up its financial centre and the Swiss bank seeks to tap strong growth in the region.

  • DUBAI, Nov 6- Credit Suisse Group has set up an asset management venture with key shareholder and sovereign wealth fund arm Qatar Holding, the Swiss banking group said on Tuesday.

  • ISTANBUL, Nov 5- Turkey regained its investment grade credit rating on Monday after an 18 year gap, endorsing an economic transformation achieved in the past decade under Prime Minister Tayyip Erdogan.

  • LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).

  • ISTANBUL, Nov 5- Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy. The upgrade, Turkey's first investment grade rating since 1994, triggered a rally in financial markets.

  • ISTANBUL, Nov 5- Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.

  • ANKARA, Nov 5- Turkey's annual inflation rate slowed sharply to 7.8 percent in October as monthly price increases were less than expected despite energy price hikes, giving the central bank room to keep easing policy. Ratings agency Fitch said on Monday that Turkey's economy was heading for a soft landing as it upgraded the country to investment grade status.

  • Aussie Jumps, Euro Lifts, Korea Cuts

    The dollar gets a safe-haven lift and the Turkey reaches investment grade — it's time for your FX Fix.

  • LOS ANGELES, Nov 4- ``Wreck-It Ralph,'' Disney's animated film about a videogame character who destroys everything in his path, scored the highest-grossing opening weekend in Disney animation history with $49.1 million, as box office attendance picked up in the aftermath of superstorm Sandy.

  • LONDON, Nov 2- Gold prices fell to their lowest level since late August on Friday, sliding more than 1 percent as the dollar jumped after better-than-expected U.S. jobs data in the last major signal on the state of the economy before elections next Tuesday. Spot gold was down 1.8 percent at $1,684.36 at 1509 GMT, having earlier hit an eight-week low of $1,682.89.