<< Back


Turkey Rate Increase Stems Lira Decline as Basci Defies Erdogan - Bloomberg Wed, 29 Jan 2014 18:31:33 GMT

Bloomberg

Turkey Rate Increase Stems Lira Decline as Basci Defies Erdogan
Bloomberg
Turkey's central bank raised all its main interest rates at an emergency late-night meeting in an effort to shore up the lira, resisting government pressure and reversing years of policy aimed at stoking growth. Interest rates had been on hold since ...
Turkey, South Africa hike rates to stabilize currencyUSA TODAY
Turkey's crisis rate rise fails to dispel dangersFinancial Times
Turkey's Central Bank Aggressively Raises RatesNew York Times
Wall Street Journal -Quartz -Forbes
all 1,390 news articles »

Turkey Crisis Puts Jailed Millionaire at Heart of Gold-Smuggling Ring - Bloomberg Wed, 29 Jan 2014 16:42:45 GMT

Turkey Crisis Puts Jailed Millionaire at Heart of Gold-Smuggling Ring
Bloomberg
To catch a glimpse of the former life of Riza Sarraf, flip through the celebrity columns of Turkey's newspapers. Here he is, as a fluttering tarpaulin reveals a $72 million villa on Istanbul's waterfront, a present for his pop-star wife, Ebru Gundes ...

and more »

Investors Look Toward Safer Options as Ground Shifts - Wall Street Journal Thu, 30 Jan 2014 03:13:19 GMT

Washington Post (blog)

Investors Look Toward Safer Options as Ground Shifts
Wall Street Journal
South Africa has been dealing with labor unrest in its mining sector, where strikes have hurt output and the government was forced to raise wages during an economic slowdown. In Turkey, a drive by Prime Minister Recep Tayyip Erdogan to keep interest ...
Turkey Shocks Forex Market As Fed Decision LoomsForbes
Bernanke refused to play chicken with Turkey todayWashington Post (blog)
Turkey Moves, Focus Shifts to FedCredit Writedowns

all 1,121 news articles »

Turkey's Erdogan visits Iran to improve ties after split over Syria - Reuters Wed, 29 Jan 2014 15:48:32 GMT

Voice of America

Turkey's Erdogan visits Iran to improve ties after split over Syria
Reuters
Iran has been a strong strategic ally of Syrian President Bashar al-Assad since the start of the uprising against him, while Turkey has been one of his fiercest critics, supporting his opponents and giving refuge to rebel fighters. But Iran's election ...
Turkey's Erdogan Visits Iran to Improve Ties After Syria SplitVoice of America
Turkey's Wrong TurnNew York Times
Turkey's Erdogan to arrive in Iran, discuss Ankara-Tehran tiesJerusalem Post
Aljazeera.com -Sydney Morning Herald
all 385 news articles »

Turkey raises rates to halt lira's slide - Financial Times Wed, 29 Jan 2014 07:47:05 GMT

Turkey raises rates to halt lira's slide
Financial Times
Turkey's central bank's moved aggressively on Tuesday to increase interest rates to tackle rising inflation and a sharp fall in the value of the lira. Despite warnings from Recep Tayyip Erdogan, prime minister, that he would hold the central bank to ...


Turkey steps in to defend lira with interest rate rise - Sydney Morning Herald Wed, 29 Jan 2014 19:06:55 GMT

Sydney Morning Herald

Turkey steps in to defend lira with interest rate rise
Sydney Morning Herald
The Turkish central bank has announced a steep rise in the embattled nation's overnight lending rate from 7.75 per cent to 12 per cent, as it moves to fend off a potential crisis that has rattled global financial markets in recent days. The central ...

and more »

Implications of Turkey's aggressive interest rate rise - Financial Times Wed, 29 Jan 2014 09:56:00 GMT

Implications of Turkey's aggressive interest rate rise
Financial Times
In a moment of drama at midnight on Tuesday, Turkey's central bank performed a volte face, increasing interest rates across the board where it had previously been reluctant to do so. It more than doubled one key rate. It was a striking move, given the ...


Turkey stuns with steep rate hike, may help calm mood - Reuters Tue, 28 Jan 2014 22:49:31 GMT

BBC News

Turkey stuns with steep rate hike, may help calm mood
Reuters
Turkey followed India by tightening policy at a midnight meeting of its central bank, with the stunning hike in the overnight lending rate of 425 basis points taking rates all the way to 12 percent. "Desperate times call for desperate measures, this is ...
Asian stock markets stage relief rally after Turkey rate riseBBC News
Global markets rise, buoyed by Turkey's rate hikeCBS News
Asian Markets Up After Turkey Raises RatesWall Street Journal
Fox Business -CNBC.com
all 161 news articles »

Speculators gobble the lira after Turkey's bid to calm currency - Financial Times Wed, 29 Jan 2014 20:16:59 GMT

Financial Times

Speculators gobble the lira after Turkey's bid to calm currency
Financial Times
Turkey's jacking up of interest rates at midnight on Tuesday came as a shock to traders. After a decade or so of monetary calm in large countries, here was Ankara desperately trying to restore calm in the currency by raising its policy rate from 7.75 ...


Turkey Gets Aggressive on Rates - Wall Street Journal Wed, 29 Jan 2014 01:08:49 GMT

Turkey Gets Aggressive on Rates
Wall Street Journal
ISTANBUL—Turkey's central bank unveiled emergency interest-rate hikes Tuesday in a move that outstripped market expectations and sent the lira roaring back, in a test case for other emerging markets battling plunging currencies. The central bank more ...