Latest in Tag: Turkey Highlight
Latest in Tag: Turkey
Turkey downs Syria warplane on border: NGO
AFP –Â Turkish anti-aircraft fire shot down a Syrian warplane on Sunday as it bombed rebels fighting to seize control of a border post in northwestern Syria, an NGO said. “Turkish air defences targeted a Syrian fighter bomber as it struck areas of the northern province of Latakia. The plane caught fire and crashed in Syrian …
Turkish president says Twitter ban to be lifted ââsoonâ
The president confirmed that the US-based social media giant had hired a lawyer in Turkey for negotiations with the authorities.
Furious reaction, political split after Turkey bans Twitter
Industry Minister Fikri Isik said talks with Twitter were taking place and the ban would be lifted if the San Francisco-based firm appointed a representative in Turkey and agreed to block specific content when requested by Turkish courts.
Tens of thousands mourn Turkey protest teenâs death
Police were bracing for further clashes after they fired tear gas and water cannon at stone-hurling protesters in several cities on Tuesday following the death of 15-year-old Berkin Elvan after 269 days in a coma.
Turkey’s Koc calls on Erdogan to address graft charges to lower tensions
Reuters – Mustafa Koc, chairman of Turkey’s biggest company Koc Holding, on Sunday called on the government to calm financial markets worried about a corruption inquiry and denied he has sought to undermine Prime Minister Tayyip Erdogan. In a rare interview, Koc also told Hurriyet newspaper that in May 2013 he met with Fethullah Gulen, …
Turkey passes law to shut schools run by Erdogan arch-rival
The row between Prime Minister Recep Tayyip Erdogan and his former ally, cleric Fethullah Gulen, erupted in November when government first floated the idea of shutting down the schools, a major source of income for Gulen’s Hizmet movement.
Turkish lira firms on hopes US tapering continues only steadily
The Istanbul share index rose 1.25% to 62,553.32 points, outperforming the wider emerging markets index, which was up 0.39%.
Turkey PM vows action against âfakeâ leaked recordings
Erdogan has come under intense pressure since the corruption scandal erupted, throwing up the biggest challenge yet to his 11 years in power ahead of key local elections in March.
Murky Turkish football politics mesh with massive corruption scandal
By James M. Dorsey Always murky, Turkish football politics have become even murkier as a politics-laden match-fixing scandal meshes with a corruption investigation that targets Prime Minister Recep Tayyip Erdogan and his closest associates. Defendants in both scandals â Mr Erdogan and the management of one of Turkeyâs most storied clubs â portray the allegations …
Turkey passes bill tightening control of judiciary
Ali Ihsan Kokturk, lawmaker from the main opposition Republican Peopleâs Party (CHP), got a bloodied nose in the brawl, while ruling party lawmaker Bayram Ozcelikâs finger was broken.
Egypt dismisses Erdogan remarks
Turkish PMâs remarks on Egypt fall on deaf ears in Cairo, says foreign ministry
Court delays Istanbul airport project
The state airports authority responded to the court ruling by saying the project was continuing as planned.
S&P cuts outlook on Turkey ratings citing erosion in governance
The credit ratings agency cut its outlook to negative on its unsolicited âBB+â long-term foreign currency and âBBBâ long-term local currency ratings.
Turkeyâs central bank signals crisis rate rise
The bank also raised its outlook for inflation.
Turkey PM to visit Iran to expand ties
AFP â Turkish Prime Minister Recep Tayyip Erdogan is due in Tehran Tuesday evening, as both countries seek to expand economic ties and hold talks on the Syrian civil war, an Iranian official said. Iran is a main ally of Syrian President Bashar Al-Assad, while Turkey supports the rebels seeking to oust Assad, and relations …
Turkey ramps up lira defence with central bank crisis meeting
The lira rallied slightly shortly after the announcement.
Lira drop is âre-pricingâ due to politics, Fed taper: Turkey Deputy PM to Davos
The lira weakened beyond 2.33 to the dollar, meaning Turks now need more than twice as many lira to buy dollars as they did at the currencyâs peak six years ago, a costly decline in a nation heavily dependent on imports.
EBRD cuts growth forecast for crisis-hit Turkey
Turkeyâs economy was nevertheless expected to grow by 3.3% in 2014, the EBRD said in a statement.
Turkey says ready to discuss judicial row with EU
The governmentâs purge has extended to banking and telecoms oversight bodies as well as state television.
Turkish Lira at record lows as no rate hike seen
The central bank released its survey of expectations of business leadersâ and economists on Friday, which showed they see inflation accelerating, but market players worry even this will not trigger policy action from the central bank ahead of elections.
Turkey seeks way out of judicial crisis
Erdogan said he could freeze the legislation if the opposition instead agreed to consider judicial reforms as part of changes to the constitution, although his exact proposals are unclear.
Dubaiâs Drydocks World signs $730m North Sea rig deal
Drydocks agreed a restructuring plan worth $2.2bn in 2012 having got into difficulty after taking on debt to fund its expansion into southeast Asia.
Turkish business warned over trade with countries in crisis
A number of Turkish companies briefly halted operations in Egypt although there has not yet been a major pullout
Five companies to import 30,000 tons of Turkish steel in January
Companies in Egypt have arranged for Turkish steel imports in order to lower the price of domestic steel
Tens of thousands at anti-Erdogan protest amid vast graft probe
Some protesters were also handing out fake dollars with Erdoganâs photo on them.
Food prices lead Turkish inflation higher in December
Turkey has an official 5% inflation target and a most recent central bank forecast of 6.8% for 2013.
Protests target Turkish PM assailed by graft scandal
Calling for Recep Tayyip Erdogan to resign
Third Turkey minister steps down, calls on PM to resign over graft probe: TV
The move comes shortly after Economy Minister Zafer Caglayan and Interior Minister Muammer Guler announced their resignations.
Turkish Lira hovers near record low on graft probe
The market also awaited the central bank’s announcement of its 2014 monetary and exchange rate policy report on Tuesday, in which it will provide guidance after the Fed decision.
Turkey sacks 25 more police chiefs after graft probe
A total of 24 people have been charged so far including the sons of Interior Minister Muammer Guler and Economy Minister Zafer Caglayan, as well as the chief executive of state-owned Halkbank under the investigation that erupted last week.