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Turkey returns to international debt market with new $2bn bond - Financial Times
The lira and Turkey's bonds have both been hit in recent months amid concerns over the economy's health. A spat with the US over the fate of detained US pastor Andrew Brunson led to the imposition of sanctions on Turkish officials and triggered a ...altro »
A Glimpse Into the Next Decade of Erdogan's 'New Turkey' - STRATFOR
Erdogan blames the Turkish lira's decline on "speculators" and hard currency "hoarders," and he says the solution is to stop buying dollars and euros and only use the national currency. His words resonate with his supporters, but they have left experts ...altro »
Turkish lira at new all-time low in Real Effective Exchange Rate terms - bne IntelliNews
A higher REER points to the Turkish lira (TRY) gaining value in real terms against foreign currencies while a decline in the index indicates it has lost real value. The TRY was trading at 6.1707 against the USD, weaker by 2.0% d/d, as of 17:15 Istanbul ...altro »
Turkish lira rallies on US pastor breakthrough hope - Financial Times
But Mr Pompeo emphasised that while US and Turkish officials might meet in New York this week, America had nothing new to tell or offer Turkey. A person familiar with US efforts to secure the release of Mr Brunson said the “ball was in Turkey's court”.
Turkish lira weakens after new economic programme disappoints ... - Reuters
ISTANBUL, Sept 21 (Reuters) - The Turkish lira eased on Friday, a day after Finance Minister Berat Albayrak announced the government's three-year economic forecast, disappointing investors who wanted a more sober assessment of the fragile economy.
Turkey ETF Surges Post Release of American Pastor - Zacks.com
On Oct 9, Albayrak issued a new set of measures to fight inflation and urged the support of the private sector. ... “We will offer up to 14 percent financing support to companies for their [Turkish] lira-based loans,” said Industry Minister Mustafa ...altro »
Turkey Frees Pastor Andrew Brunson, Easing Tensions With US - New York Times
William Devlin of New York, a supporter who attended every hearing. “Pastor Brunson is going home. We thank the court, we thank Turkey and we thank President Erdogan.” Washington and Ankara had been involved in complex negotiations over the pastor's ...
Turkey expects lower growth amid currency turmoil - Washington Post
The lira was down slightly, by 0.9 percent at 6.3 per dollar, following the announcement. Albayrak also said the government will try to create 2 million new jobs by 2021 and expects to make savings worth 60 billion Turkish lira ($9.6 billion) in the ...
Turkey's massive new Istanbul airport faces a rough take-off - The National
But until that day arrives, the new airport is causing headaches for the Turkish government, which is facing a severe economic crisis, as well as labourers, businesses and airlines forced to adapt to a project that is as much a major infrastructure ...altro »
Turkish TV Goes Global as Local Coin Drops - Variety
The sharp devaluation of the Turkish lira on foreign currency markets amid tensions between populist Presidents Donald Trump and Recep Tayyip Erdogan is prompting Turkey's TV industry to increasingly turn toward the global marketplace, where it is ...