Edition:
India

Daren Butler

Erdogan says U.S. sanctions would 'disrespect' Turkey

5:44pm IST

ISTANBUL President Tayyip Erdogan said on Friday U.S. sanctions over Turkey's purchase of Russian S-400 missiles would be disrespectful of a NATO ally, after sources said Washington was poised to take the step likely to worsen bilateral relations.

UPDATE 2-Erdogan says U.S. sanctions would 'disrespect' Turkey

4:32pm IST

* EU separately agree sanctions over East Med dispute (Adds Erdogan, foreign ministry, analyst; further lira slide)

Turkish lira slips after sources say U.S. to impose sanctions

1:27pm IST

ISTANBUL The Turkish lira weakened on Friday after sources said the United States was poised to impose sanctions on Turkey over its acquisition of Russian S-400 air defence systems, a move set to worsen ties between the two NATO allies.

Analysis: Second COVID-19 wave tests Turkey's commitment to austerity, higher rates

08 Dec 2020

ISTANBUL A surge in COVID-19 infections and the prospect of another economic downturn could sorely test Turkish President Tayyip Erdogan's reluctant acceptance of much higher interest rates and the need for greater austerity.

Turkish inflation hits 14% as monetary policy pressure mounts

03 Dec 2020

ISTANBUL Turkey's annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above a 12.6% forecast, keeping up pressure for tight monetary policy after last month's rate hike.

UPDATE 3-Turkish inflation hits 14% as monetary policy pressure mounts

03 Dec 2020

ISTANBUL, Dec 3 Turkey's annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above a 12.6% forecast, keeping up pressure for tight monetary policy after last month's rate hike.

Analysis: Wary Turks aren't buying Erdogan's economic promise yet

01 Dec 2020

ISTANBUL Turkish President Tayyip Erdogan's promise of a new economic era triggered a foreign-driven rally in the lira, but local investors have yet to be persuaded that policies they say have dragged on economic prospects for years will be reversed.

ANALYSIS-Wary Turks aren't buying Erdogan's economic promise yet

01 Dec 2020

ISTANBUL, Dec 1 Turkish President Tayyip Erdogan's promise of a new economic era triggered a foreign-driven rally in the lira, but local investors have yet to be persuaded that policies they say have dragged on economic prospects for years will be reversed.

Turkish economy rebounds 6.7% in thirs quarter after initial virus wave

30 Nov 2020

ISTANBUL Turkey's economy roared to a more-than-expected 6.7% growth rate in the third quarter, as a flood of credit helped it rebound from a 10% contraction in the previous period when lockdowns were imposed to curb the initial coronavirus wave.

UPDATE 2-Turkish economy rebounds 6.7% in Q3 after initial virus wave

30 Nov 2020

* Cbank hiked rates to 15% to support lira, tame inflation (Adds graphic, comment, context)

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