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Jonathan Spicer

Turkish bad loan plan raises concerns among some banks: sources

02 Jul 2020

ISTANBUL Some Turkish banks are concerned that a "bad bank" plan to house billions of dollars of non-performing loans could require them to book large losses, and they want foreign stakeholders involved, seven industry sources told Reuters.

Turkey's lonely tourist attractions face make-or-break week

22 Jun 2020

ISTANBUL/ANTALYA Turkey's Mediterranean coasts and historic attractions face a critical week as the government presses to open borders and salvage at least part of a tourist season already battered by the coronavirus pandemic. | Video

Erdogan says Turkey lost ground in coronavirus fight

20 Jun 2020

ISTANBUL President Tayyip Erdogan said on Saturday Turkey had lost some ground in its battle with the coronavirus but a focus on hygiene, masks and social distancing will protect people and help the economy rebound in the second half of the year.

Erdogan says Turkey lost ground in coronavirus fight

20 Jun 2020

ISTANBUL President Tayyip Erdogan said on Saturday Turkey had lost some ground in its battle with the coronavirus but a focus on hygiene, masks and social distancing will protect people and help the economy rebound in the second half of the year.

Turkish coronavirus slump could prompt private bank retreat

28 May 2020

ISTANBUL/LONDON Financial fallout from the coronavirus crisis could hasten mergers or retreats by some of Turkey's private and foreign-owned banks, ceding more ground to state-owned lenders, bankers and analysts say.

Turkish coronavirus slump could prompt private bank retreat

27 May 2020

ISTANBUL/LONDON Financial fallout from the coronavirus crisis could hasten mergers or retreats by some of Turkey's private and foreign-owned banks, ceding more ground to state-owned lenders, bankers and analysts say.

Exclusive: Turkey seeks global funding help to gird against lira shock

14 May 2020

ANKARA Turkey's government has appealed to foreign allies in an urgent search for funding, three senior Turkish officials said, as it prepares defences against what analysts fear could be a second currency crisis in as many years.

Turkey faces high bar to U.S. funding, former NY Fed chief says

13 May 2020

ISTANBUL Turkey's foreign cash needs are not the sort of thing the U.S. Federal Reserve is likely to relieve given its economic challenges and volatile diplomatic relations with the United States, the New York Fed's former chief said in an interview.

UPDATE 1-Turkey faces high bar to U.S. funding, former NY Fed chief says

13 May 2020

ISTANBUL, May 13 Turkey's foreign cash needs are not the sort of thing the U.S. Federal Reserve is likely to relieve given its economic challenges and volatile diplomatic relations with the United States, the New York Fed's former chief said in an interview.

Strains grow on Turkish markets, factories latest to cool

24 Apr 2020

ISTANBUL Turkey's economy faces growing risks as it enters a downturn with dwindling reserves and a fragile lira, financial markets signalled on Friday, as data showed factories slowing due to the coronavirus outbreak.

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