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United States

Ezgi Erkoyun

Turkish lira grinds lower with no rate hike in sight

Sep 23 2020

ISTANBUL Turkey's currency continued its gradual descent to record lows on Wednesday, reflecting expectations the central bank would not hike rates to stem the slide as tensions with Greece and the threat of new EU sanctions appeared to ease.

Turkish inflation seen rising towards 12% in August: Reuters Poll

Aug 31 2020

ISTANBUL Turkey's annual consumer price inflation is expected to climb towards 12% in August, a Reuters poll showed on Monday, pushed up by higher energy prices and the weak lira.

U.S. judge overseeing criminal case against Halkbank will not recuse himself

Aug 24 2020

ISTANBUL Turkish state lender Halkbank has lost a bid to have the U.S. judge overseeing a criminal case accusing it of helping Iran evade American sanctions recuse himself.

Drop in Turkey's currency raises stakes as hotels fight for survival

Aug 24 2020

* Foreign tourists vital to funding large current account deficit

Gold rush at Turkish bazaar a test of trust for lowly lira

Aug 14 2020

ISTANBUL Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight.

Turkey plans to reopen all schools as long as virus keeps receding

Jul 28 2020

ANKARA/ISTANBUL Turkey plans to reopen schools nationwide on Aug. 31, to get students back into classrooms and free up working parents, assuming a recent stabilisation in coronavirus cases holds.

Turkey plans to reopen all schools as long as virus keeps receding

Jul 28 2020

* Graphic: Stabilisation in Turkish cases https://tmsnrt.rs/30WLYVc

Turkish economy to shrink in 2020, recover next year: Reuters poll

Jul 24 2020

ISTANBUL Turkey's economy is expected to contract this year for the first time in more than a decade as the coronavirus pandemic and related restrictions hit demand, but will bounce back next year, according to a Reuters poll published on Friday.

Turkish suspect tells court Ghosn mused on Hollywood movie of escape from Japan

Jul 03 2020

ISTANBUL A Turkish jet executive on trial over Carlos Ghosn's dramatic escape from Japan told a court on Friday that the former Nissan boss spoke about Hollywood making a movie of his getaway as he flew in a private jet to Beirut.

Suspects in Ghosn's Japanese escape stand trial in Turkey

Jul 03 2020

ISTANBUL Seven suspects went on trial in Turkey on Friday over their alleged involvement in former Nissan boss Carlos Ghosn's dramatic escape from Japan to Lebanon via Istanbul at the end of last year.

World News