Trading and commerce news from Turkey


Turkey , Wednesday 23 May 2018

Financial News Turkey: Russian, UAE banks agree on sale of Turkish lender - Brinkwire (press release)

News channel or source: http://en.brinkwire.com/346902/russian-uae-banks-agree-on-sale-of-turkish-lender/
Publication date: Wednesday 23 May 2018

Brinkwire (press release)Russian, UAE banks agree on sale of Turkish lenderBrinkwire (press release)“In accordance with the signed agreement, the consideration for 99.85 percent equals 14.6 billion Turkish liras ($3.1 billion) under a locked box mechanism, based...

Financial News Turkey: Turkey teetering on the edge of full-blown currency crisis - bne IntelliNews

News channel or source: http://www.intellinews.com/turkey-teetering-on-the-edge-of-full-blown-currency-crisis-142161/
Publication date: Wednesday 23 May 2018

bne IntelliNewsTurkey teetering on the edge of full-blown currency crisisbne IntelliNewsThough Erdogan — who often points to foreign market conspiracies being mounted against Turkey's economy — stayed silent on the collapse of the TRY, Turkey's governm...

Financial News Turkey: Emirati lender touts promise of Turkish acquisition - Anadolu Agency

News channel or source: https://www.aa.com.tr/en/economy/emirati-lender-touts-promise-of-turkish-acquisition/1154851
Publication date: Wednesday 23 May 2018

Anadolu AgencyEmirati lender touts promise of Turkish acquisitionAnadolu Agency"Economists expect that [Turkey's] economic growth for 2018 will come in at 3-4 percent and we are guided by that in our view," the spokesperson said. The spokesperson add...

Financial News Turkey: Turkey's Currency Meltdown in 6 Charts - Wall Street Journal (blog)

News channel or source: https://blogs.wsj.com/moneybeat/2018/05/23/turkeys-currency-meltdown-in-6-charts/
Publication date: Wednesday 23 May 2018

Wall Street Journal (blog)Turkey's Currency Meltdown in 6 ChartsWall Street Journal (blog)The turmoil in Turkish markets is already putting pressure on its economy, which has been growing rapidly in recent years. Turkey's economic growth is expected to slo...

Financial News Turkey: Erdogan hits Turkey currency storm month before polls - i24NEWS

News channel or source: https://www.i24news.tv/en/news/international/middle-east/175439-180523-erdogan-hits-turkey-currency-storm-month-before-polls
Publication date: Wednesday 23 May 2018

i24NEWSErdogan hits Turkey currency storm month before pollsi24NEWSErdogan has always painted himself as a champion of the Turkish economy, pointing to how growth and investment have expanded under his rule after the misery of Turkey's 2000-2001 financial cris...

Financial News Turkey: Depreciation of the Turkish lira makes it hard for banks-businesses - Independent Balkan News Agency (press release) (blog)

News channel or source: http://balkaneu.com/depreciation-of-the-turkish-lira-makes-it-hard-for-banks-businesses/
Publication date: Wednesday 23 May 2018

Independent Balkan News Agency (press release) (blog)Depreciation of the Turkish lira makes it hard for banks-businessesIndependent Balkan News Agency (press release) (blog)Turkey's economic staff is in a state of disarray due to the successive depreciation of...

Financial News Turkey: Erdogan must pick his side as battle lines are drawn - Arab News

News channel or source: http://www.arabnews.com/node/1308166
Publication date: Wednesday 23 May 2018

Arab NewsErdogan must pick his side as battle lines are drawnArab NewsA Turkish bank executive was last week sentenced to 32 months in jail in the Zarrab-Halkbank trial in New York, which was related to a purported Turkish-Iranian scheme to bust US sanctions befor...

Financial News Turkey: Moody's affirms Emirates NBD's rating following $3.2bn acquisition of Turkey's DenizBank - The National

News channel or source: https://www.thenational.ae/business/banking/moody-s-affirms-emirates-nbd-s-rating-following-3-2bn-acquisition-of-turkey-s-denizbank-1.733331
Publication date: Wednesday 23 May 2018

The NationalMoody's affirms Emirates NBD's rating following $3.2bn acquisition of Turkey's DenizBankThe National“Moody's expects that the operating environment faced by Turkish banks will remain challenging because of lower economic growth, unort...

Financial News Turkey: Halkbank working with US over sanctions-busting punishment - Ahval

News channel or source: https://ahvalnews.com/halkbank/halkbank-working-us-over-sanctions-busting-punishment
Publication date: Wednesday 23 May 2018

AhvalHalkbank working with US over sanctions-busting punishmentAhvalThe CEO of Turkey's state-run Halkbank, Osman Arslan, has said that his bank has been working closely with the U.S. treasury to minimise the damage to the bank from fines over its involvement ...

Financial News Turkey: 'Goldilost' grips markets as Turkey to Italy expose fractures - The Globe and Mail

News channel or source: https://www.theglobeandmail.com/investing/investment-ideas/article-goldilost-grips-markets-as-turkey-to-italy-expose-fractures/
Publication date: Wednesday 23 May 2018

The Globe and Mail'Goldilost' grips markets as Turkey to Italy expose fracturesThe Globe and MailPolitical turmoil from Turkey to Italy is adding to the burden investors face as they grapple with the end of easy money conditions. A selloff in emerging mark...

Financial News Turkey: Italy Without the Euro Would Not Be Argentina or Turkey—It Would Be the UK - Barron's

News channel or source: https://www.barrons.com/articles/italy-without-the-euro-would-not-be-argentina-or-turkeyit-would-be-the-u-k-1527078883
Publication date: Wednesday 23 May 2018

Barron'sItaly Without the Euro Would Not Be Argentina or Turkey—It Would Be the UKBarron'sBrazil, for example, has its own currency and a large locally denominated sovereign bond market, yet was forced to raise interest rates and cut its budget deficit in the mi...

Financial News Turkey: Lira Heads for Crisis Mode on Eve of Erdogan's Election Speech - Bloomberg

News channel or source: https://www.bloomberg.com/news/articles/2018-05-23/turkey-heads-toward-a-currency-crisis-as-lira-goes-into-freefall
Publication date: Wednesday 23 May 2018

BloombergLira Heads for Crisis Mode on Eve of Erdogan's Election SpeechBloombergWhile Turkey's domestic issues don't apply to other emerging markets, Mark Mobius, a near perennial bull on the asset class, says there's a risk of contagion if the sit...

Financial News Turkey: Pre-Market: Turkish Lira Spooks Markets, as Dollar Still in Focus - Hacked

News channel or source: https://hacked.com/pre-market-turkish-lira-spooks-markets-as-dollar-still-in-focus/
Publication date: Wednesday 23 May 2018

HackedPre-Market: Turkish Lira Spooks Markets, as Dollar Still in FocusHackedMore experienced investors could have a strong feeling of déjà vu, as the Turkish leadership is blaming a concentrated attack against the country, while the market is waiting for the in...

Financial News Turkey: Stocks Retreat Globally as Dollar Gains With Bonds: Markets Wrap - Bloomberg

News channel or source: https://www.bloomberg.com/news/articles/2018-05-22/asian-futures-fall-on-north-korea-summit-doubts-markets-wrap
Publication date: Wednesday 23 May 2018

BloombergStocks Retreat Globally as Dollar Gains With Bonds: Markets WrapBloomberg“If you look at history, you find that geopolitics does rattle markets,” Vasu Menon, OCBC Bank vice president, said on Bloomberg Television. “The markets are clearly quite nerv...

Financial News Turkey: Populism surge intensifies spotlight on economic, market orthodoxy - Nasdaq

News channel or source: https://www.nasdaq.com/article/populism-surge-intensifies-spotlight-on-economic-market-orthodoxy-20180523-00599
Publication date: Wednesday 23 May 2018

NasdaqPopulism surge intensifies spotlight on economic, market orthodoxyNasdaqSurprisingly, barring the odd hotspot like Turkey, market tremors have been remarkably light: world stocks are up 30 percent since the Brexit referendum two years ago, volatility is near...