Turkish business group calls for an end to Erdogan’s low-rates policy
Turkey’s largest business group urged President Tayyip Erdogan’s government on Saturday to abandon a monetary policy based on low rates that has prompted a crash...
Turkey
Bootleg alcohol kills 22 in Istanbul, 16 others in critical condition
At least 22 people died and 16 others were in critical condition in hospital after consuming bootleg alcohol in Istanbul, the local governor’s office said...
Turkey’s currency crisis deepens after Erdogan’s latest rate cut
Turkey’s currency crisis accelerated on Friday as the lira plunged 8%, gripped by fears of an inflationary spiral brought on by President Tayyip Erdogan’s unorthodox...
Turkish lira blows through 15 to dollar ahead of rate decision
The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central...
Turkish government to present extra budget as lira dives
The Turkish government is soon expected to present to parliament an additional budget for next year, two officials said, because a sharp lira sell-off has...
Turkey’s lira again nears record low as inflation views surge
The Turkish lira edged to near record lows on Friday as concerns about President Tayyip Erdogan’s low interest rate policy were fueled by a central...
Turks wait in line for cheap bread as inflation eats into earnings
As the lira’s plunge in value and surging inflation erode Turks’ earnings, many people in Istanbul have taken to waiting in line for the municipality’s...
France frees man who was held over suspected Khashoggi link
The Saudi man arrested at a Paris airport over suspected links to the killing of journalist Jamal Khashoggi was released on Wednesday after officials concluded...
Erdogan leaves Qatar with precious little
Turkey‘s president ended a trip to Qatar on Tuesday with no major deals announced or any indication that ally Doha would boost direct financial assistance...
Turkish lira flirts with record low as Doha eyes trouble
The Turkish lira briefly slid 1 per cent on Monday, again nearing record lows touched last week as concerns persisted over President Tayyip Erdogan’s rate-cutting...
Erdogan says he hopes volatile Turkish lira will steady soon
Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates,...
Turkish inflation soars above 21 per cent in challenge to Erdogan
Turkey’s annual inflation jumped more than expected to a three-year high of 21.31 per cent in November, data showed on Friday, further exposing the risks...
Erdogan picks low-rates champion as finance minister as Turkish lira skids
Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last...
Turkish manufacturing activity expands in November
Turkish factory activity grew in November, with new export orders and output rising, while a sharp increase in costs pushed output price rises to their...
Turkish lira slides 1.6 per cent towards record dollar low
Turkey’s lira dipped to 13 to the dollar on Tuesday, resuming a slide towards last week’s record low as strong economic growth data failed to...
Erdogan orders probe into Turkish lira’s slump
Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week,...
Turkish court rules to keep Kavala in jail during trial
By Ali Kucukgocmen A Turkish court ruled on Friday that philanthropist Osman Kavala must stay in prison, extending his four-year detention without conviction in a trial which...
Supercharged Turkish stocks rally not everything it seems
The lira’s plunge has propelled Turkey’s exporter-dominated stock market to its best month in 12 years, but for foreign investors, who have just started dipping...
Turkish opposition detained for ‘political espionage’, Kavala trial under way
Metin Gurcan, a founder of the Turkish opposition Democracy and Progress Party (DEVA), said on Friday he had been detained over “political espionage” and that...
