By Nevzat Devranoglu ANKARA (Reuters) – Targeted credit policies adopted by Turkey’s central bank have this year enabled small and medium-sized businesses (SMEs) to grab their highest ever share of…
ISTANBUL (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and…
ANKARA (Reuters) – The Turkish Central Bank’s net reserves rose $3 billion last week and total reserves climbed $7 billion, calculations based on preliminary data from five bankers showed on…
ISTANBUL (Reuters) – Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6% in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8%, data showed on Monday.…
ISTANBUL (Reuters) – Turkish energy imports leapt 115% to $9.56 billion in September, the highest ever monthly level, Trade Ministry data showed on Tuesday. It also showed that gold imports…
ISTANBUL (Reuters) – Turkey’s trade deficit leapt 298% year-on-year in September to $10.384 billion, the Trade Ministry said on Tuesday, as surging energy import costs continue to widen the shortfall.…
By Nate Raymond WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear Turkish state-owned lender Halkbank’s bid to avoid criminal charges of money laundering, bank fraud and…
ISTANBUL (Reuters) – Turkish factory activity contracted for a seventh consecutive month in September as weak demand slowed down output and purchasing activity, a business survey showed on Monday. Turkey’s…
ISTANBUL (Reuters) – Turkey’s foreign trade deficit surged 159.9% year-on-year to $11.19 billion in August, with imports surging 40.4%, data from the Turkish Statistical Institute showed on Friday. Imports stood…
By Ebru Tuncay, Nevzat Devranoglu and Ceyda Caglayan ISTANBUL (Reuters) – Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced…
ANKARA (Reuters) – A meeting between U.S. President Joe Biden and Turkish President Tayyip Erdogan later this month is under discussion, a senior Turkish official said on Friday, with Turkey-Russia…
By Marc Frank HAVANA (Reuters) – Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it…
LONDON – A Russian state news agency said on Tuesday that Russia and Turkey had signed a contract to ship Ankara a second batch of S-400 air defence systems, but…
ANKARA – The original contract Turkey signed with Russia for the purchase of S-400 systems included two regiments, a Turkish official said, adding that there were no new agreements, following…
BEIRUT – Turkish troops and U.S.-backed Kurdish fighters exchanged heavy shellfire on Tuesday in the northern Syrian border town of Kobane, leaving one civilian dead as the conflict escalated. In…
ISTANBUL – The Turkish manufacturing sector contracted for a fifth consecutive month in July as weakening demand, market uncertainty and price pressures all played a role in moderating output, a…
ISTANBUL – Turkish and German foreign ministers argued over a range of issues in a tense and drawn-out news conference on Friday, trading barbs over disputes between Ankara and Athens,…
By Nevzat Devranoglu ANKARA – The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government’s foreign exchange policy…
ISTANBUL – Turkey’s highest inflation rate in decades is expected to ease somewhat to around 70% by year-end, and the central bank is seen holding its policy rate steady for…
WASHINGTON – A Turkish businessman was extradited from Austria to face money laundering, wire fraud and obstruction charges. Sezgin Baran Korkmaz arrived today in Utah in the custody of the…
By Kanishka Singh WASHINGTON -Turkish businessman Sezgin Baran Korkmaz was extradited from Austria and arrived on Friday in Utah to face money laundering and wire fraud charges, the U.S. Justice…
Yesim Dikmen June 20 – Turkish Airlines is considering joint ventures and initial public offerings for its cargo business and regional carrier as it weighs up options to grow both…
ISTANBUL – Turkey’s Finance Minister Nureddin Nebati said on Saturday that the Turkish economy is liberal and will continue to grow in a sustainable way after the government introduced steps…
ISTANBUL – Turkey’s unemployment rate rose to 11.3% in April, while a seasonally adjusted measure of labour underutilisation fell 10 percentage points to 21.7%, data showed on Friday. The labour…
NEW YORK – The cost to ensure exposure to Turkey’s sovereign debt jumped on Tuesday and Turkey’s dollar-denominated bond prices fell a day after President Tayyip Erdogan’s pledge to continue…