Turkey’s Koc calls on Erdogan to address graft charges to lower tensions
Reuters – Mustafa Koc, chairman of Turkey’s biggest company Koc Holding, on Sunday called on the government to calm financial markets worried about a corruption inquiry and denied he has sought to undermine Prime Minister read the rest…
Read More →Turkey passes law to shut schools run by Erdogan arch-rival
The row between Prime Minister Recep Tayyip Erdogan and his former ally, cleric Fethullah Gulen, erupted in November when government first floated the idea of shutting down the schools, a major source of income for Gulen’s Hizmet movement.
Read More →Turkish lira firms on hopes US tapering continues only steadily
The Istanbul share index rose 1.25% to 62,553.32 points, outperforming the wider emerging markets index, which was up 0.39%.
Read More →Turkey PM vows action against ‘fake’ leaked recordings
Erdogan has come under intense pressure since the corruption scandal erupted, throwing up the biggest challenge yet to his 11 years in power ahead of key local elections in March.
Read More →Murky Turkish football politics mesh with massive corruption scandal
By James M. Dorsey Always murky, Turkish football politics have become even murkier as a politics-laden match-fixing scandal meshes with a corruption investigation that targets Prime Minister Recep Tayyip Erdogan and his closest associates. Defendants read the rest…
Read More →Turkey passes bill tightening control of judiciary
Ali Ihsan Kokturk, lawmaker from the main opposition Republican People’s Party (CHP), got a bloodied nose in the brawl, while ruling party lawmaker Bayram Ozcelik’s finger was broken.
Read More →Egypt dismisses Erdogan remarks
Turkish PM’s remarks on Egypt fall on deaf ears in Cairo, says foreign ministry
Read More →Court delays Istanbul airport project
The state airports authority responded to the court ruling by saying the project was continuing as planned.
Read More →S&P cuts outlook on Turkey ratings citing erosion in governance
The credit ratings agency cut its outlook to negative on its unsolicited ‘BB+’ long-term foreign currency and ‘BBB’ long-term local currency ratings.
Read More →Turkey’s central bank signals crisis rate rise
The bank also raised its outlook for inflation.
Read More →Turkey PM to visit Iran to expand ties
AFP – Turkish Prime Minister Recep Tayyip Erdogan is due in Tehran Tuesday evening, as both countries seek to expand economic ties and hold talks on the Syrian civil war, an Iranian official said. Iran read the rest…
Read More →Turkey ramps up lira defence with central bank crisis meeting
The lira rallied slightly shortly after the announcement.
Read More →Lira drop is ‘re-pricing’ due to politics, Fed taper: Turkey Deputy PM to Davos
The lira weakened beyond 2.33 to the dollar, meaning Turks now need more than twice as many lira to buy dollars as they did at the currency’s peak six years ago, a costly decline in a nation heavily dependent on imports.
Read More →EBRD cuts growth forecast for crisis-hit Turkey
Turkey’s economy was nevertheless expected to grow by 3.3% in 2014, the EBRD said in a statement.
Read More →Turkey says ready to discuss judicial row with EU
The government’s purge has extended to banking and telecoms oversight bodies as well as state television.
Read More →Turkish Lira at record lows as no rate hike seen
The central bank released its survey of expectations of business leaders’ and economists on Friday, which showed they see inflation accelerating, but market players worry even this will not trigger policy action from the central bank ahead of elections.
Read More →Turkey seeks way out of judicial crisis
Erdogan said he could freeze the legislation if the opposition instead agreed to consider judicial reforms as part of changes to the constitution, although his exact proposals are unclear.
Read More →Dubai’s Drydocks World signs $730m North Sea rig deal
Drydocks agreed a restructuring plan worth $2.2bn in 2012 having got into difficulty after taking on debt to fund its expansion into southeast Asia.
Read More →Turkish business warned over trade with countries in crisis
A number of Turkish companies briefly halted operations in Egypt although there has not yet been a major pullout
Read More →Five companies to import 30,000 tons of Turkish steel in January
Companies in Egypt have arranged for Turkish steel imports in order to lower the price of domestic steel
Read More →Tens of thousands at anti-Erdogan protest amid vast graft probe
Some protesters were also handing out fake dollars with Erdogan’s photo on them.
Read More →Food prices lead Turkish inflation higher in December
Turkey has an official 5% inflation target and a most recent central bank forecast of 6.8% for 2013.
Read More →Protests target Turkish PM assailed by graft scandal
Calling for Recep Tayyip Erdogan to resign
Read More →Third Turkey minister steps down, calls on PM to resign over graft probe: TV
The move comes shortly after Economy Minister Zafer Caglayan and Interior Minister Muammer Guler announced their resignations.
Read More →Turkish Lira hovers near record low on graft probe
The market also awaited the central bank’s announcement of its 2014 monetary and exchange rate policy report on Tuesday, in which it will provide guidance after the Fed decision.
Read More →Turkey sacks 25 more police chiefs after graft probe
A total of 24 people have been charged so far including the sons of Interior Minister Muammer Guler and Economy Minister Zafer Caglayan, as well as the chief executive of state-owned Halkbank under the investigation that erupted last week.
Read More →Prosecutor general orders Morsi tried for espionage along with Brotherhood leaders
Former president has refused to cooperate with investigators, says Morsi’s defence lawyer
Read More →MOI confiscates 1500 imitation firearms bound for Port Said
The firearms imported from Turkey can be converted to fire live ammunition, says interior ministry
Read More →Turkish journalist released after 115 days in jail
Metin Turan, a reporter for Turkish Radio and Television Corporation (TRT), was arrested during violent clashes in August
Read More →Turkey says ball in Iraq’s court over oil dispute
Iraq’s federal government in Baghdad and Kurdistan have long been at odds over how to share the region’s vast energy wealth, a dispute which is seen as impeding the development of new energy projects.
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