10.9 C
Frankfurt am Main
- Advertisement -spot_img

TAG

lira

Turkey crisis puts fear into emerging markets: report

Turkey is spiraling into a deep economic crisis as foreign exchange reserves collapse and capital flight overwhelms the regime of President Recep Tayyip Erdoğan, the Telegraph daily...

Japan to abandon Turkey nuclear project due to increasing costs

Japan is set to scrap a Turkish nuclear power project that had been projected as a model for Tokyo's export of infrastructure due to...

Moody’s warns of sharp contraction in Turkey’s economy

Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...

Salaries for new presidential agencies put extra burden on Turkey’s budget

Members of nine newly established presidential agencies who will work with President Recep Tayyip Erdoğan will each be paid a monthly salary of TL...

Erdoğan says US threats and blackmail against Turkey will only hurt itself

Turkish President Recep Tayyip Erdoğan on Monday targeted the US, which has imposed sanctions on Turkey over the continued detention and trial of an...

Moody’s downgrades 20 Turkish banks as lira weakens

Ratings agency Moody’s sounded more alarm about Turkey’s banking sector on Tuesday, downgrading 20 financial institutions and citing the increased risk of deterioration in...

Turkish Finance Minister Albayrak: US dollar has lost its reliability

Turkey’s Treasury and Finance Minister Berat Albayrak on Tuesday said the US dollar has lost its reliability as it has the potential to inflict...

Turkey investigates 346 social media accounts over comments on economy

Turkey’s Interior Ministry on Monday said it was taking necessary legal measures on social media posts regarding the dollar exchange rate that create a...

IMF bailout is new talk of trading rooms in Turkey as desperate measures haunt

Trading rooms are awash with talk of a bailout of the Turkish economy by the International Monetary Fund (IMF) and potential capital controls, Bloomberg...

Turkish central bank leaves policy rate unchanged, defying expectations

Turkey’s central bank left its policy rate unchanged on Tuesday, bucking market expectations of a hike and sending the lira down sharply in the...

Erdoğan calls lira woes an attack on economy by Turkey’s enemies

The Turkish lira sank to record lows on Wednesday, battered by investor concern about monetary policy and inflation, a selloff that President Recep Tayyip...

Turkey’s central bank holds rates despite tumbling lira

Turkey’s central bank, in an unexpected move, held interest rates steady, defying the already historically low Turkish lira on Tuesday. The main rates -- overnight...

Latest news

- Advertisement -spot_img
Liked it? Take a second to support Turkish Minute on Patreon!
Become a patron at Patreon!