Business News Turkey

  • BENGALURU, Aug 21- Gold prices rose on the back of a weaker U.S. dollar on Tuesday, extending gains into a third session after U.S. president Donald Trump said he was "not thrilled" with the U.S. *Spot gold was up 0.3 percent at $1,193.97. 24 an ounce at 0054 GMT. *Asian stocks were capped in the wake of those comments from Trump and after he accused China and Europe of...

  • *Iran to provide insurance for oil cargoes to China- sources. BEIJING/ SINGAPORE, Aug 20- China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington. China, which has cut imports of...

  • President Donald Trump is seen during his meeting with Turkish President Recep Tayyip Erdogan (not seen), at Lotte Hotel in New York, United States on September 21, 2017. World leaders gathered in New York for the 72nd Session of the UN General Assembly.  

    Relations between the U.S. and Turkey have intensified over American pastor Andrew Brunson's trial and his continued detainment.

  • Donald Trump, President of the United States of America, and Recep Tayyip Erdogan, President of Turkey, during the NATO Summit last July.

     "I think it's very sad what Turkey is doing. I think they're making a terrible mistake. There will be no concessions," Trump said. 

  • *Stocks rise in anticipation of U.S.- China trade talks. NEW YORK, Aug 20- A gauge of global equity markets rose on Monday on hopes U.S.- China trade talks this week will diffuse the dispute, while Turkey's lira fell anew on cuts to the country's credit ratings and after shots were fired outside the U.S. Embassy in Ankara. Wall Street rose and broad-based gains in...

  • Trump: Will be no concessions with Turkey over American pastor

    CNBC's Eamon Javers reports on headlines coming out of President Trump's interview with Reuters at the White House.

  • ISTANBUL, Aug 20- Turkey has initiated a dispute complaint with the World Trade Organisation against additional tariffs imposed by the United States on Turkish steel and aluminium imports, the WTO said on Monday. The pastor, originally from North Carolina, has lived in Turkey for two decades. "Turkey has requested WTO dispute consultations with the United...

  • *Iran says more needed to save nuclear deal. *Washington to impose tougher sanctions on Iran. ANKARA, Aug 20- Iran urged Europe on Monday to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S.

  • *Iran to provide insurance for oil cargoes to China- sources. BEIJING/ SINGAPORE, Aug 20- China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington. China, which has cut imports of...

  • A supporter of Turkish President Recep Tayyip Erdogan waves a flag against an electronic billboard during a rally in Kizilay Square on July 18, 2016, in Ankara, Turkey.

    A recession in the country of 80 million, which sits at the crossroads of Asia and Europe and is home to both NATO’s second-largest military and more than 3.5 million Syrian refugees, would be no small event.  

  • *Iran to provide insurance for oil cargoes to China- sources. BEIJING/ SINGAPORE, Aug 20- China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington. China, which has cut imports of...

  • President Donald Trump (L) speaks withh Turkey's President Recep Tayyip Erdogan ahead of the opening ceremony of the NATO (North Atlantic Treaty Organization) summit, at the NATO headquarters in Brussels, on July 11, 2018. 

    The Trump administration rejected a proposal from the Turkish government that would free a detained American pastor in exchange for relief of one of its largest banks, The Wall Street Journal reports.

  • *Stocks rise in anticipation of U.S.- China trade talks. LONDON, Aug 20- Shares rose worldwide on Monday on hopes of a resolution to the U.S.- China trade row at talks this week, while Turkey's lira fell after cuts to the country's credit ratings and shots were fired outside the U.S. embassy in Ankara. China and the United States will hold trade talks this month, the two...

  • The dollar reversed gains on Monday as concerns eased about possible contagion effects of Turkey's currency crisis, though growing optimism over upcoming U.S.- China trade talks provided a floor for the greenback

  • LONDON, Aug 20- Global stocks rose on Monday amid optimism over planned trade talks between the United States and China, while Turkey's lira fell after its credit ratings were downgraded and shots were fired outside the U.S. embassy in Ankara. European shares opened higher, as investors hoped the U.S. and China might find a compromise to resolve their trade...

  • LONDON, Aug 20- The Turkish lira fell on Monday after S&P Global and Moody's downgraded the country's sovereign credit rating further into junk territory and shots were fired at the U.S. embassy in Ankara, while emerging stocks rose over 1 percent. Piotr Matys, a strategist a Rabobank, said the downgrades were not a major surprise and had validated concerns among...

  • President of Turkey Recep Tayyip Erdogan addresses during a luncheon for participants of 10th Ambassadors' Conference at Presidential Complex in Ankara, Turkey on August 13, 2018. 

    President Erdogan on Monday cast a recent currency crisis as an attack on Turkey's economy, no different from a strike against the flag or call to prayer.

  • US President Donald Trump.

    The Chinese and European refusals to reduce extravagant trade surpluses with the U.S. is becoming an unbearable theater of the absurd, Michael Ivanovitch writes.

  • The attack coincided with a deepening row between Ankara and Washington over the trial of a U.S. pastor in Turkey.

  • Workers unloading bags of chemicals at a port in Zhangjiagang in China's eastern Jiangsu province. 

    European stocks finished Monday's session higher, as investors awaited the outcome of trade talks between the world's two largest economies, due later this week.