ISTANBUL, May 21 Turkey's central bank cut its
policy rate by 50 basis points to 8.25% as expected on Thursday,
taking advantage of recent lira strength to keep supporting an
economy that it said may be emerging from the worst of the
ISTANBUL Turkey blocked BNP Paribas, Citibank and UBS from making lira transactions after the currency hit a record low against the dollar on Thursday, as investors fretted about a lack of reserves to protect the economy from the coronavirus impact.
ISTANBUL Turkey said on Wednesday it has brought the coronavirus outbreak under control, two months after it first erupted across the country, and will set out new social guidelines and business practices to prevent any resurgence.
* Chief says central bank not defending lira levels
(Adds U.S. ambassador comment on Fed swaps, updates reserves
ISTANBUL As the coronavirus epidemic took hold, Duygu Yucelen - like thousands of her fellow Turks - made the decision to fly home to be with her family for Ramadan rather than spend the Muslim fasting month locked down abroad.
ISTANBUL Turkey's economy is expected to contract this year for the first time in over a decade as the coronavirus pandemic slashes output through mid-year, and it's unlikely to grow again until 2021, a Reuters poll showed on Tuesday.
ISTANBUL President Tayyip Erdogan rejected the resignation on Sunday of Turkey's interior minister, who said he was stepping down in the wake of a short-notice coronavirus lockdown which sent people rushing to shops to stock up on supplies.
ISTANBUL Turkish defence and electronics firms are teaming up to produce 5,000 ventilators to help treat coronavirus patients, the head of a military drone manufacturer said on Tuesday.
ANKARA/ISTANBUL Turkey will overcome the coronavirus outbreak in two to three weeks through good measures, with as little damage as possible, President Tayyip Erdogan said on Wednesday, as Ankara extended the closure of all schools until April 30.
ISTANBUL Istanbul prosecutors said on Wednesday they had prepared an indictment against a close aide to Saudi Arabia's Crown Prince Mohammed bin Salman and a former deputy head of general intelligence over the killing of journalist Jamal Khashoggi.