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Business Turkey


  • Turkey's Ruling AKP Wins Vote, Blow to Secularists Monday, 23 Jul 2007 | 12:17 AM ET

    Turkey's ruling AK Party won a resounding election victory on Sunday, giving the pro-business, Islamist-rooted party a mandate for reform but risking fresh tensions with the secular elite.

  • The Iraqi government said Wednesday that Turkish artillery and warplanes bombarded areas of northern Iraq and called on Turkey to stop military operations and resort to dialogue.

  • ING Expands in Turkey With $2.7 Billion Oyak Bank Buy Tuesday, 19 Jun 2007 | 12:02 PM ET

    Dutch banking and insurance company ING Group is buying Turkey's Oyak Bank for $2.67 billion, joining a rush of overseas financial groups buying into the fast-growing Turkish market.

  • ING Buys Turkey's Oyak Bank for $2.67 Billion Tuesday, 19 Jun 2007 | 4:55 AM ET

    ING Group said it agreed to acquire Turkey's Oyak Bank for $2.67 billion and will finance the acquisition with existing internal resources.

  • CNBC's Domm: Today's Agenda in the Markets Wednesday, 2 May 2007 | 8:52 AM ET

    Stocks prices are edging higher this morning, following the direction of European markets. Lots of earnings news is out today, and talk of deals in the media industry swirl.

  • Turkish Stock Market Plunges 8% Monday, 30 Apr 2007 | 4:19 AM ET

    The Turkish stock market plunged 8% in early trading on Monday, reacting sharply to political tensions as the Islamic-rooted government comes under strong pressure from secular circles to declare early general elections.

  • Preview: M&A Surge to Continue, U.S. Economy in Focus Friday, 30 Mar 2007 | 10:38 AM ET

    The current trend of heavy M&A activity shows little sign of abating and investors could be set for another week of deals dominated by private equity groups. Last week saw bid approaches for Spanish airline Iberia, British drug retailer Alliance Boots and publicly traded British hedge fund Man Group.