Category: Economy
ISTANBUL (Reuters) – President Tayyip Erdogan said Turkey will make serious cuts to interest rates, broadcaster Haberturk reported on Sunday, a week after he replaced the governor of the central bank. Erdogan said Turkey aimed ...
Bloomberg) — President Recep Tayyip Erdogan risks pushing Turkey’s economy into an economic collapse similar to those seen in Latin America under populist regimes, according to Ashmore Group Plc. While more diversified than Venezuela’s oil-dependent ...
After Recep Tayyip Erdogan suffered not one but two chastening losses at the ballot box this year, Turkey’s president would have been well-advised to take stock and set about repairing some of the damaged inflicted ...
Short interest at a high with Istanbul close to a bull market U.S.-traded ETF saw outflows also at record pace in first half With Turkey near its second bull market this year the recent market optimism hasn’t ...
By Reuters ANKARA — Turkey’s government is reviving plans to transfer the central bank’s 46 billion lira (6 billion pounds) in legal reserves to its deteriorating budget to shore it up and is also considering adjusting ...
(PHOTO: AFP) The number of companies ceasing operations grew by 20 percent last month, according to figures provided by the Turkish Union of Chambers and Commodity Exchanges (TOBB), the Diken news website reported. In May ...
(Bloomberg) — It’s not who wins the electoral sweepstakes in Istanbul this Sunday that could dictate the market’s mood for months to come. Anything but another divisive photo finish would put investors at ease, according ...
Hizir Albayrak, who oversees a seven-floor shopping mall in the busy Eminonu area, gestures as he holds a pampers pack inside a baby store in Istanbul, Turkey, in this May 30, 2019 file photo. — ...
ISTANBUL (Reuters) – Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, saying the risk of a balance of payments crisis continued to rise, and with it the risk of a government ...
AFP PHOTO / OZAN KOSE Turkey’s food inflation in April climbed to 31.9 percent, more than 30 percent higher than the average in European Union countries, according to a recent report published by the Organisation ...
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