Turkish lira rallies as Qatar makes $15bn loan pledge

Turkish lira rallies as Qatar makes $15bn loan pledge
September 10, 2018
Investments

Ankara officials will channel money into Turkeys financial markets and banks

Turkeys beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sectors shaky finances with loans worth $15bn (11.8bn).

A week after a Continue reading →

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Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite

Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite
August 21, 2018
Investments

The summer holiday in the bond market may be a long one for Turkey.

New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond Continue reading →

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Erdogan Election Triumph Takes Turkey Into Era of One-Man Rule

Erdogan Election Triumph Takes Turkey Into Era of One-Man Rule
July 5, 2018
Investments

Recep Tayyip Erdogan, modern Turkey’s longest-serving ruler, won a mandate to govern with sweeping new powers after a double victory in presidential and parliamentary elections.

Erdogan had 53 percent of the presidential vote to 31 percent for his closest challenger, Continue reading →

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Asian Stocks Drop With U.S. Futures; Lira Climbs: Markets Wrap

Asian Stocks Drop With U.S. Futures; Lira Climbs: Markets Wrap
July 5, 2018
Investments

Asian stocks fell with U.S. equity-index futures and the yen advanced as investors assessed prospects for continuing trade tensions between U.S. and China. Turkey’s lira climbed after Recep Tayyip Erdogan claimed victory in the weekend’s election.

Japanese stocks turned lower Continue reading →

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Berlin to change policy towards Turkey as German citizen is held

Berlin to change policy towards Turkey as German citizen is held
July 21, 2017
Investments

Foreign ministry also issues travel warning after Turkish authorities detain human rights activist for alleged terrorist activity

Germanys foreign minister has announced a significant reorientation of its policy towards Turkey after a human rights activist became the latest German citizen Continue reading →

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