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Daren Butler

Turkey's lira weakens, bank shares fall after Erdogan Isbank comments

Sep 17 2018

ISTANBUL Turkey's lira weakened 2 percent and banking shares fell on Monday after President Tayyip Erdogan was quoted as calling for an investigation into members of the opposition who serve on the board of the country's biggest lender.

UPDATE 1-Turkey's lira weakens, bank shares fall after Erdogan Isbank comments

Sep 17 2018

ISTANBUL, Sept 17 Turkey's lira weakened 2 percent and banking shares fell on Monday after President Tayyip Erdogan was quoted as calling for an investigation into members of the opposition who serve on the board of the country's biggest lender.

Turkey's Erdogan calls for investigation into opposition role at Isbank, Hurriyet says

Sep 17 2018

ISTANBUL Turkish President Tayyip Erdogan said authorities should look into members of the opposition who serve on the board of Isbank, Hurriyet newspaper said on Monday, knocking the shares of the country's largest listed lender.

Turkey to freeze new government projects, Erdogan says

Sep 14 2018

ISTANBUL Turkey is freezing new government investment projects, President Tayyip Erdogan said on Friday, to rein in spending and stem double-digit inflation after a 15-year construction boom fueled by debt.

Turkish central bank raises rates sharply, boosts lira

Sep 13 2018

ISTANBUL Turkey's central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan's 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. | Video

Türkische Zentralbank wagt in Währungskrise Befreiungsschlag

Sep 13 2018

Istanbul/Berlin/Frankfurt Im Clinch mit Staatschef Recep Tayyip Erdogan wagt die türkische Notenbank den Befreiungsschlag und hat dem Land mit deutlich höheren Zinsen zunächst etwas Luft in der Währungskrise verschafft.

Turkey set to raise rates, balancing lira and growth concerns

Sep 12 2018

ISTANBUL The Turkish Central Bank is expected to raise interest rates on Thursday to calm a currency crisis, but forecasts for the scale of the increase vary widely as the bank balances concerns over lira weakness with worries about an economic slowdown.

Turkish economic growth dips, lira crisis darkens outlook

Sep 10 2018

ISTANBUL Turkish economic growth slowed to 5.2 percent year-on-year in the second quarter, data showed on Monday, in what officials described as an "economic rebalancing" before an expected second-half slowdown as Turkey grapples with a currency crisis.

Turkey takes aim at rating agency 'racketeers and impostors'

Aug 31 2018

ISTANBUL Turkey accused Western credit rating agencies on Friday of deliberately attempting to undermine the banking sector amid attacks on the lira.

Turkey blocks decades-old mothers' vigil as freedoms suffer

Aug 28 2018

ISTANBUL Every Saturday for 23 years, dozens of people have held a vigil in a central Istanbul square, sitting in silence and holding pictures of relatives who went missing in police detention.

World News