UK court gives Turkey's Cukurova to July 23 to recover Turkcell stake

ISTANBUL, June 18 Wed Jun 18, 2014 3:14am EDT

ISTANBUL, June 18 (Reuters) - A British court said on Wednesday it had extended a deadline for Turkey's Cukurova Holding to recover a disputed stake in mobile operator Turkcell until July 23.

Cukurova and Altimo, the telecoms investment arm of Russian billionaire Mikhail Fridman's Alfa Group, have been fighting for seven years for control of Turkcell, choking decision-making at the firm and preventing the payment of dividends. (Reporting by Ece Toksabay; Editing by Nick Tattersall)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.