Madness on the Bosphorus The Economist He says their plans to destroy his government and Turkey are being carried out by disciples of his former ally and “bogus prophet”, Fethullah Gulen, a Pennsylvania-based Sunni Muslim cleric, who are embedded in the judiciary and the police. But to many ... |
Forbes | Emerging markets beyond Turkey face stormy skies Financial Times The decision late on Tuesday night by the Central Bank of Turkey to increase interest rates substantially has taken many observers by surprise. Yet there was no other way to stem the decline in the currency and alleviate the threat of a damaging exodus ... Turkey stuns with steep rate hike, may help calm mood Turkey and South Africa's Interest Rate Hikes Still Might Save Emerging ... Asian stock markets stage relief rally after Turkey rate rise |
Forbes | The Limits Of Turkey's Interest Rate Hike Forbes With a dramatic hike in Turkey's overnight lending rate from 7.75 to 12.5 percent announced on Jan. 28, Turkish Central Bank Governor Erdem Basci followed through on his earlier promise to use interest rates as a weapon to defend Turkey's currency, the ... Investors left guessing as Turkey rules out capital controls Turkey Rate Increase Stems Lira Decline as Basci Defies Erdogan Turkey's Central Bank Aggressively Raises Rates |
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 ... |
On climate change, Turkey, housing, hospices, Asia, sex and public life ... The Economist SIR – Is Cyprus being “obdurate” in its relations with Turkey, as Charlemagne claims (January 18th), because it expects Turkey to honour the solemn commitments it undertook in 2005 to open accession negotiations with the European Union? Indeed, “a more ... |
Turkey faces tough economic adjustments Financial Times Recep Tayyip Erdogan, Turkish prime minister. As the market storm that followed Turkey's interest rate increase subsided on Wednesday, the country was left facing much higher rates than before, a still vulnerable currency and difficult economic ... |
Turkey's Economy and Erdogan's Shame Bloomberg “Dramatic” is not an adjective often associated with central banking. Yet it is the only word to use for what happened last night in Turkey. At an emergency midnight session, the country's central bank more than doubled its main weekly repurchasing ... |
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 ... |
Aljazeera.com | Hollande cautiously backs Turkey's EU bid Aljazeera.com French President Francois Hollande has cautiously backed Turkey's aim to join the European Union despite its recent crackdown on police and judiciary and earlier French reservations about the idea. But the trip, the first by a French head of state to ... France's Hollande cautiously backs Turkey EU membership bid POLITICS > French president pays historic visit to Turkey after 22 years Hollande visits Turkey, revives EU ambitions, escapes personal worries |
Turkey Raises Rates Sharply to Bolster Currency Wall Street Journal ISTANBUL—Turkey's central bank on Tuesday unveiled a series of aggressive interest rate increases, far exceeding market expectations and sending the lira roaring back after an extraordinary policy meeting billed as a test case for under-pressure ... |