Edition:
United Kingdom

Can Sezer

Despite rhetoric, Turkey complies with U.S. oil sanctions on Iran

21 May 2019

ISTANBUL Turkey has closed its ports to Iranian oil, fully complying with U.S. sanctions against its main supplier, despite Ankara publicly criticising the United States' move to end import waivers and warning of a struggle to tap alternative producers.

Family-owned Turkish car parts maker Teklas up for sale: sources

15 May 2019

FRANKFURT/ISTANBUL Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said.

Family-owned Turkish car parts maker Teklas up for sale - sources

15 May 2019

FRANKFURT/ISTANBUL, May 15 Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said.

UPDATE 2-Turkey raises forex sales tax in another lifeline for lira

15 May 2019

* Tax seen boosting government revenues by 1 bln to 4 bln lira

Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans

13 May 2019

ISTANBUL Turkey's plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year's currency crisis, is taking shape even as some banks hold out for the government to agree to safeguards and higher electricity prices.

UPDATE 1-Turkish banks in no rush to sell problem loans, focused on restructurings -sources

10 May 2019

ISTANBUL, May 10 Turkish banks told foreign investors they were in no rush to sell problem loans on their books, and were focused on restructuring them, three people present at a meeting discussing bad debt on Thursday in Istanbul told Reuters.

Turkey says cannot quickly abandon Iranian oil as U.S. waivers end

02 May 2019

ISTANBUL Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a day after a U.S.-imposed sanctions deadline passed.

Turkey's Kale eyes F-35 options during U.S. spat

29 Apr 2019

ISTANBUL Turkish aerospace manufacturer Kale Group said on Monday if disagreements between Ankara and Washington curb parts orders and exclude it from an F-35 project, then any lost sales would be offset by turning to civil aviation.

Turkey's Kale eyes F-35 options during U.S. spat

29 Apr 2019

ISTANBUL Turkish aerospace manufacturer Kale Group said on Monday if disagreements between Ankara and Washington curb parts orders and exclude it from an F-35 project, then any lost sales would be offset by turning to civil aviation.

Turkey's Halkbank to boost capital with new debt and borrowing

17 Apr 2019

ISTANBUL, April 17 Turkey's Halkbank will issue debt instruments and borrow in domestic and foreign markets to strengthen its capital base, which was left thinner after the lender provided low-interest loans in the wake of last year's currency crisis.

World News