Turkish parliament to debate Sweden’s NATO bid on Tuesday -sources
By Huseyin Hayatsever ANKARA (Reuters) – The Turkish parliament’s general assembly is set to debate Sweden’s NATO membership bid on Tuesday, three sources from parliament said. After likely full parliamentary approval on…
Turkish energy, gold imports soar in September – ministry data
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 soared 543%…
Turkish trade deficit surges to $10.38 billion in September
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. Exports rose…
U.S. Supreme Court to hear Turkish lender Halkbank’s bid to avoid charges
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 conspiracy for…
Turkish factory activity contracts for seventh straight month in Sept -PMI
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 Purchasing Managers’…
Turkish trade deficit jumps 160% in August -stats institute
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 at $32.53…
Exclusive-Flurry of new rules leave Turkish banks struggling to lend -sources
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 many to…
Turkey, U.S. in contact over Erdogan-Biden meeting -Turkish official
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 relations, U.S.…
Exclusive-Cuba seeks more electricity supply from Turkish powerships
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 currently produces…
Turkish official casts doubt on report of new Russian air defence sale
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 a Turkish…
No new deals between Turkey and Russia for S-400 system – Turkish official
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 reports of…
Turkish troops, Kurdish fighters exchange heavy shellfire in Syria’s Kobane
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 Sanliurfa province…
Turkish manufacturing activity contracts for fifth straight month in July-PMI
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 business survey…
Turkish, German ministers argue over policies in tense news conference
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, jailed Turkish…
Turkish lira on slow slide in search of FX relief
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 in the…
Turkish inflation seen dipping to 70% by year-end:Reuters poll
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 at least…
Turkish Businessman Extradited from Austria to Face Money Laundering and Wire Fraud Charges
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 U.S. Marshals…
Turkish businessman extradited to U.S. to face laundering, fraud charges
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 Department said…
Turkish Airlines mulls IPOs and joint ventures for cargo, regional units
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 internally and…
Turkish finance minister says economy liberal, growth sustainable
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 to support…
Turkish unemployment rises to 11.3% in April
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 underutilisation measure…
Turkish 5-yr CDS jump, bond prices under pressure
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 cutting interest…
Turkish cenbank acts to boost use of lira assets as collateral -bankers
ISTANBUL – The Turkish central bank has taken steps to increase the weight of lira-denominated assets in the collateral system as part of its currency strategy and steps in this direction will…
Exclusive: After Ukraine, ‘whole world’ is a customer for Turkish drone, maker says
By Nailia Bagirova BAKU – Ukraine’s destruction of Russian artillery systems and armoured vehicles with Turkish Bayraktar TB2 aerial drones has made “the whole world” a customer, according to its designer. Selcuk…
Turkish finance minister says economy grew 7% in first quarter
ISTANBUL – Turkish Finance Minister Nureddin Nebati said on Monday that preliminary indicators show the economy grew at a 7% pace in the first quarter of this year, and he repeated his…
Turkish banks should boost sectors promoting long-term economic growth -watchdog
ISTANBUL – Turkey’s banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country’s banking watchdog Chairman Mehmet Ali Akben said on Monday. In a…
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