Category: Economy
The country was removed from the United States’ unilateral trade preferences program, and tariffs on steel from Turkey were lowered from 50% to 25%. The Trump administration in March said it planned to remove Turkey ...
ANKARA/ISTANBUL (Reuters) – Turkey took more unorthodox steps on Friday to protect its beleaguered lira, including scrapping a recently-hatched plan to tap the central bank’s legal reserves to boost its budget and urging banks to ...
Turkey is facing a possible credit downgrade if it can’t get its financial act together, according to new analysis from credit ratings firm Moody’s. Turkey needs to put a substantial and reliable plan in place if it ...
(Bloomberg) — The lira led declines across emerging markets as Turkish companies rushed to buy dollars after a rally late last week. Losses accelerated on a report the Treasury is planning to tap the central ...
ISTANBUL (Reuters) – Turkey’s plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year’s currency crisis, is taking shape even as some banks hold out ...
ISTANBUL (Reuters) – Turkey’s current account is expected to show a deficit of $984 million in March, a Reuters poll showed on Friday, as the trade deficit remains low due to high import prices and ...
Turkey’s central bank suspended one-week repo auctions on Thursday to support the lira after it slipped 1 percent to its weakest level in nearly eight months on investor concerns about the decision to re-run Istanbul’s ...
Lenders already burdened with about $28 billion restructurings Weaker lira is making foreign-debt repayments more expensive The Lira slumped to a seven-month low on Tuesday. On top of a huge pile of debt restructurings, lenders ...
Data: Factset; Chart: Axios Visuals Turkey’s outlook got worse on Monday as the country continues slipping into dictatorship, under a dictator who doesn’t seem to care much for laws or macroeconomics. What’s happening: Turkey’s government ordered a ...
This picture taken on August 3, 2018, shows a view of the facility of the Lozenets-Nedyalsko natural gas transit pipeline to Turkey near the village of Lozenets on August 3, 2018. The gas pipeline extension ...
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Erdogan Finds Himself in a Geopolitical Cul-de-SacCommentary
