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Turkey’s lira continues sliding, central bank meeting takes on importance: report

Turkey's lira fell to a new record low against the US dollar on Monday, as investors weighed up tightening steps by the central bank...
Business

Some Turkish banks begin charging for FX withdrawals: report

Some Turkish banks have begun charging a fee to withdraw foreign currencies in cash, bankers said on Thursday, after a slide in the lira...
Business

Turkish finance minister shrugs off lira’s slide, says economic contraction possible

The competitiveness of Turkey's lira is more important than the exchange rate level, Finance Minister Berat Albayrak said on Wednesday, shrugging off a slide...
Business

Turkish bank bonds trading at distressed levels implies more risk: report

The bonds of three Turkish lenders are trading at distressed levels, which shows the deteriorating opinion of investors on the ability of the companies...
Business

Turkey Wealth Fund targets more Chinese investment via Belt and Road: report

The Turkey Wealth Fund is looking to China for investment in a number of major infrastructure projects, according to CEO Zafer Sönmez, the Nikkei...
Business

Turkey’s central bank cuts cheap dealer funding in latest lira move: report

Turkey's central bank will halt funding that had allowed primary dealers to borrow well below its policy rate of 8.25 percent, it said on...
Business

ErdoÄŸan trades barbs with former ally Babacan over economy

President Recep Tayyip ErdoÄŸan on Monday traded barbs with his former ally, Ali Babacan, now the leader of the newly founded Democracy and Progress...
Business

Turkish lira slips again as calls grow for decisive action: report

Turkey's lira weakened again on Monday after touching a record low last week, slipping 0.4 percent as the central bank continued to raise borrowing...
Business

Turkey’s Halkbank urges dismissal of US indictment in Iran sanctions case: report

Halkbank on Monday urged a US judge to dismiss an indictment accusing the Turkish lender of helping Iran evade US sanctions, saying it was...
Business

Turkish ban on layoffs keeps lid on jobless but labor participation languishes: report

Turkey’s labor participation rate languished at 47.6 percent in May as a coronavirus lockdown weighed, while a ban on layoffs saw the unemployment rate...
Business

Turkey’s Erdoğan expects interest rates to fall further: report

Turkish President Recep Tayyip ErdoÄŸan said on Monday he hopes market interest rates will fall further in order to make investments in the country...
Business

Turkish Airlines says travelers to Germany will be required to take COVID tests

Turkey's national flag carrier Turkish Airlines (THY) announced on Friday that all passengers traveling from Turkey to Germany will be required to take COVID-19...
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