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 …
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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 …
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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 …
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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. …
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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 …
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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. …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …