The main risk in Turkey is forex, and BBVA is prepared to handle that, the Spanish bank’s chief executive Onur Genc said on Tuesday, adding that it was invested in Turkey for the long term and the …
Turkey faces tough prospects after Erdogan shocks investors
The messaging from Turkey when Naci Agbal was appointed in November, was that his task was to address underlying but well-known weaknesses in the economy. They included high and rising inflation of …
Eviction of central bank boss shakes confidence in Turkey
Recep Tayyip Erdogan’s shock dismissal of Turkey’s central bank chief has eroded investor confidence in the country’s economic leadership that had just begun to rebound after successive waves of …
Analysis: Turkey steps into abyss with latest central bank boss ousting
Turkey may have lost the faith of investors long weary of a cycle of unorthodox policies, analysts said, after President Tayyip Erdogan’s shock sacking of its central bank chief. Erdogan’s decision to …
Analysis: Turkey steps into abyss with latest central bank boss ousting
Turkey may have lost the faith of investors long weary of a cycle of unorthodox policies, analysts said, after President Tayyip Erdogan’s shock sacking of its central bank chief. Erdogan’s decision to …
U.S., Europe press Turkey to rethink ditching violence-on-women pact
ISTANBUL (Reuters) – U.S. and European leaders denounced what they called Turkey’s baffling and concerning decision to pull out of an international accord designed to protect women from violence, and …
Strikes on northwest Syria kill 1 person, cause wide damage
Syrian opposition activists and a paramedic group say airstrikes on several locations in northwest Syria near the border with Turkey have killed at least one person and set several trucks used to dist …
Strikes on northwest Syria kill 1 person, cause wide damage
Syrian opposition activists and a paramedic group say airstrikes on several locations in northwest Syria near the border with Turkey have killed at least one person and set several trucks used to dist …
As global markets and allies reel, Turkey’s Erdogan looks inward
With twin shocks announced in the dead of night, President Tayyip Erdogan sacked Turkey’s central bank chief and pulled out of a treaty to protect women, stunning financial markets and Western allies.
‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years
Naci Agbal, who was sacked by Erdogan on Saturday, had served less than five months at the head of Turkey’s central bank. During that time he raised the country’s main interest rate by roughly 450 …