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Turkey’s lira weakens due to investor unease over Syria conflict, coronavirus: report

The Turkish lira weakened 0.8 percent on Monday as investor unease about the conflict in neighboring Syria was amplified by a global flight to safe havens...

Turkish currency slides to weakest level since May: report

Turkey’s lira slid to its weakest level in daily trade since May on Thursday after the government’s latest heavy-handed effort to curb market volatility exacerbated lingering...

Turkish lira rises as markets view Trump tariffs as ‘window dressing’

Turkish assets are breathing a sigh of relief after tariffs threatened by US President Donald Trump over Ankara’s military offensive in Syria came up less serious...

Turkey still susceptible to external and domestic risks, says IMF: report

Turkey remains susceptible to external and domestic risks, the International Monetary Fund IMF) said on Monday, while strong, sustainable growth would be challenging without further reforms...

Bloomberg Turkey reporters seek acquittal over currency crisis article: report

Two Bloomberg reporters and 17 other defendants sought their acquittal on Friday in a trial in which they are charged with spreading false information about Turkey’s...

Turkish economy contracted less than expected in Q2: report

The Turkish economy contracted less than expected in the second quarter, 1.5 percent year-on-year, as it looks to shake off the effects of a recession brought...

Turkey’s currency survives ‘flash crash’ overnight amid US-China trade war

The Turkish lira weakened more than 1 percent against the dollar on Monday, Reuters reported, after briefly tumbling to 6.47 overnight in what market watchers described...

Only modest recovery expected in Turkey’s economy for 2019: report

Turkey’s economy, which suffered a currency crisis last year, is still in the doldrums and only a modest recovery is expected, according to Dutch bank ABN...

Turkey’s central bank reduces yearend inflation expectation

The Turkish Central Bank has decreased its forecast for yearend inflation from 15.01 percent to 14.42 percent while increasing its expectation for the value of country’s national...

Lira reaches four-month high thanks to thaw in Turkey-US relations

The Turkish lira continued its winning run against peers on Thursday, firming to its strongest level since early April thanks to a thawing of Turkey-US relations...

Turkey’s central bank raises reserve requirement on forex deposits

Turkey’s central bank has increased the reserve requirement ratios on forex deposits and participation funds by 100 basis points for all maturity brackets, in a move...

Energy prices in Turkey increased 300 percent in last 16 years: watchdog

Turkey’s Chamber of Electrical Engineers (EMO) has announced that energy prices have increased by more than 300 percent in the last 16 years, making Turkey first...

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