Business News Turkey

  • ANKARA, Feb 16- Turkey will not turn back from its deal to buy S-400 missile systems from Russia, President Tayyip Erdogan was quoted as saying on Saturday, a day after an informal deadline Washington set for Ankara to respond to a rival offer passed. NATO member Turkey has repeatedly said it is committed to buying the Russian missile defence system, despite...

  • MUNICH, Feb 16- Airbus Chief Executive Tom Enders urged Germany to press ahead with plans to create common European regulations on arms exports, saying the issue posed a litmus test for Berlin's ambitions to foster a European defence policy. By showing "a kind of moral superelevation" on arms exports, Germany was frustrating Britain, France and Spain, Enders told...

  • Feb 14- Emerging markets stocks and currencies were subdued on Thursday, awaiting cues from Sino-U.S. trade negotiations as they move to higher level talks, while possible sanctions on Russia hurt shares and the rouble. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are to lead continuing trade negotiations in Beijing on...

  • *China, Hong Kong stocks lead gains. Feb 13- Emerging market stocks and currencies rose on Wednesday on signs of progress in the U.S.- China trade dispute, after U.S. Mainland China and Hong Kong shares surged along with most of Asia, helping the MSCI index of developing world stocks rise 0.4 percent.

  • WASHINGTON, Feb 12- U.S. senators from both parties introduced a resolution on Tuesday requiring that any deal to share U.S. nuclear power technology with Saudi Arabia block the kingdom from making a nuclear weapon. Under the measure, any U.S. civilian nuclear cooperation agreement, or 123 agreement, with Saudi Arabia would prevent enrichment of uranium or...

  • LONDON, Feb 12- Uzbekistan plans to follow up an upcoming $1 billion international bond market debut with regular debt sales while the country's banks are also expected to seek funds overseas, fund managers said on Tuesday. Members of a delegation from the former Soviet republic told fund managers during a roadshow in London the government was planning to sell...

  • ABU DHABI, Feb 12- Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citigroup's head of investment banking, Middle East and Africa. The U.S. lender, which is working towards a full banking licence in Saudi Arabia, ended a five-decade presence...

  • Feb 12- Emerging market shares rebounded on Tuesday, after four sessions of losses, buoyed by hopes of a resolution of trade tensions between China and the United States. Analysts at Bank of America Merrill Lynch Global Research said in a note that an extension to the March 1 deadline was possible but they warned against the optimism around it.

  • Demonstrators hold photographs of journalist Jamal Khashoggi outside the White House in Washington, D.C., on Friday, Oct. 19, 2018.

    Egyptian billionaire Naguib Sawiris told CNBC he was "not convinced there is a rule of law and order" in Saudi Arabia, and would not invest in the kingdom.

  • Feb 11- A move higher in major Asian markets as they returned from the Lunar New Year holiday propped up emerging-market shares on Monday, with China stocks in the lead as new U.S.- China trade talks began before higher-level talks later in the week. Mainland China stocks rose more than 1 percent each as they caught up after a week's holiday, while those in Hong Kong,...

  • A man counts Indonesian rupiah banknotes in Jakarta, Indonesia, on Saturday, Aug. 11, 2018. 

    With the Federal Reserve pledging to be "patient" in future rate hikes, emerging markets could enjoy a turnaround this year, said Mary Nicola, a strategist at Eastspring Investments.

  • EL CALLAO, Venezuela, Feb 10- Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. The Trump administration is pressuring the United Kingdom not to release $1.2 billion in gold reserves Venezuela has stored in the Bank of England.

  • ISTANBUL, Feb 10- Turkey will cut value-added tax to zero on books, magazines and newspapers in a regulation that parliament is to discuss next week, President Tayyip Erdogan said on Sunday. "The implementation of zero VAT on books and periodic publications will be discussed as part of a law in the parliament and will be extended to publishers and vendors this week,"...

  • EL CALLAO, Venezuela, Feb 10- Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. The Trump administration is pressuring the United Kingdom not to release $1.2 billion in gold reserves Venezuela has stored in the Bank of England.

  • WASHINGTON, Feb 7- A U.S. House of Representatives committee approved a bill on Thursday that would open up the Organization of the Petroleum Exporting Countries to antitrust lawsuits, but it was uncertain if the measure would be considered by the full chamber. The legislation has gained momentum as President Donald Trump, a Republican, has attacked OPEC, which...

  • Feb 7- Emerging market currencies fell on Thursday as the dollar held onto gains aided by strong economic data, while stock indexes in the developing world slipped, with Chinese markets still shut for Lunar New Year. "The USD continues its march higher amid market closures in Asia and strong payroll data last Friday," Maybank analysts said in a note.

  • Prices fell 0.7 percent in the previous session in their biggest one-day drop since Jan. 18, at one point touching their lowest since Jan. 29 at $1,305.30. *Wall Street's benchmark S&P 500 slipped amid concerns over growth, disappointing earnings reports and another possible U.S. government shutdown in the wake of President Donald Trump's State of the Union...

  • *Spain, Britain, France, Germany among those backing Guaido. MADRID/ CARACAS, Feb 4- Major European nations joined the United States on Monday in recognizing opposition leader Juan Guaido as Venezuela's legitimate head of state, as a separate regional bloc met in Canada to pressure socialist President Nicolas Maduro. The coordinated move by 11 nations including...

  • President Donald Trump said military intervention in Venezuela was "an option" as Western nations boost pressure on socialist leader Nicolas Maduro to step down, while the troubled OPEC nation's ally Russia warned against "destructive meddling." Maduro, who has overseen an economic collapse and the exodus of millions of Venezuelans, maintains the backing of...

  • OTTAWA, Feb 4- A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year's disputed presidential vote. Sources briefed on the matter said that the 14- nation Lima Group looked set, though, to hold off imposing...