ISTANBUL Chinese firms are eyeing partnerships with Turkish construction firms in Africa and are also looking to take stakes in Turkish companies, the head of the Turkish Contractors Association said.
ISTANBUL Istanbul residents are cancelling holiday bookings for the weekend of June 23 to ensure they can take part in a re-run of the city's mayoral election that has laid bare Turkey's deep political divisions and raised concerns about its democracy.
ISTANBUL, April 30 Turkish Central Bank Governor
Murat Cetinkaya said on Tuesday interest rate hikes remained an
option if inflation unexpectedly jumps, and he defended the
bank's stable of reserves against concerns that have grown as
the lira tumbled in recent weeks.
ISTANBUL/ANKARA Turkish President Tayyip Erdogan's AK Party formally requested on Tuesday an annulment and rerun of Istanbul's municipal elections over what it said were irregularities, prompting the main opposition to accuse it of damaging democracy.
* Central bank takes unorthodox steps to prop up lira
(Recasts with broader financial market stress; adds comments
from bank client and analyst; updates throughout)
ISTANBUL Turkey's lira plunged more than 4 percent against the U.S. dollar on Friday, its biggest one-day fall since a currency crisis took hold in August, raising concerns that Turks are buying more foreign cash as ties with Washington deteriorate.
* Turkish finance minister blames speculators
(Adds finance minister's comments)
ISTANBUL Turkey's economy contracted a sharper than expected 3.0 percent in the fourth quarter of 2018, its worst performance in nearly a decade and a clear sign that last year's lira crisis has tipped it into recession.
ISTANBUL, March 6 Turkey's central bank left its
benchmark interest rate unchanged on Wednesday as expected and
said it will tighten monetary policy further if needed, soothing
investor worries that it could loosen policy after inflation
fell from a 15-year peak.
ISTANBUL Turkey could expand a government scheme to sell cheap vegetables in Istanbul and Ankara across the country after local elections next month, President Tayyip Erdogan said on Wednesday, a move that economists said could prove financially unsustainable.