Edition:
United States

Ezgi Erkoyun

Turkish central bank moves to boost profits of state banks

Aug 20 2019

ANKARA/ISTANBUL, Aug 20 A central bank decision that banks with higher loan growth can hold lower reserves will boost profits at Turkish state banks and encourage private banks to follow suit with increased lending, analysts say.

UPDATE 2-Turkish central bank slashes rates below 20% in first shift since crisis

Jul 25 2019

* Lira strengthens after initial drop (Adds comments, lira update, historical context)

Turkey's economy to contract in 2019, limited growth ahead: Reuters Poll

Jul 17 2019

ISTANBUL Turkey's economy is expected to contract in 2019 for the first time in a decade and to see only modest growth in the following two years, a Reuters poll showed on Wednesday.

Russia delivers missile system to Turkey in challenge to NATO

Jul 12 2019

ISTANBUL Russia began delivering an advanced missile defense system to Turkey on Friday, a move expected to trigger U.S. sanctions against a NATO ally and drive a wedge into the heart of the Western military alliance. | Video

UPDATE 3-Turkey's Erdogan says dismissed central bank governor did not follow instructions

Jul 10 2019

* Erdogan says cenbank head sacked for disregarding instructions

Turkey cenbank seen making deeper rate cut on July 25 after governor dismissal - Reuters poll

Jul 10 2019

ISTANBUL Turkey's central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed its governor, a Reuters poll showed on Wednesday.

Turkish court rules to keep U.S. consulate employee in custody

Jun 28 2019

ISTANBUL A Turkish court ruled on Friday to keep an employee of the U.S. consulate in custody as his trial on espionage charges continues, in a case that has damaged relations between Washington and Ankara.

Nearly a year after currency crisis, unemployed Turks still 'can't dream'

Jun 26 2019

ISTANBUL Murat Abi found employment in construction after moving to Istanbul from eastern Turkey four years ago, including at the city's new airport, which the government heralded as a pillar of the country’s economic might. | Video

Turkish assets rally after opposition wins Istanbul election

Jun 24 2019

ISTANBUL The Turkish lira, bonds and shares gained on Monday after the opposition dealt a stinging blow to President Tayyip Erdogan by winning control of Istanbul in a re-run mayoral election on Sunday.

Blow to Turkey's Erdogan as opposition wins big in Istanbul

Jun 23 2019

ISTANBUL Turkey's main opposition claimed a decisive victory on Sunday in Istanbul's re-run election, dealing one of the biggest blows to President Tayyip Erdogan during his 16 years in power and promising a new beginning in the country's largest city. | Video

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