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United Kingdom

Ceyda Caglayan

Turkey's steel sector could face losses after cuts to EU quotas: industry chief

16 Sep 2019

ISTANBUL New restrictions on imports to the European Union next month may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from U.S. and EU tariffs, Turkey's Steel Exporters' Association (CIB) chief said.

Turkey's steel sector could face losses after cuts to EU quotas - industry chief

16 Sep 2019

ISTANBUL, Sept 16 New restrictions on imports to the European Union next month may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from U.S. and EU tariffs, Turkey's Steel Exporters' Association (CIB) chief said.

Turkey's military pension fund reaches British Steel deal

16 Aug 2019

ISTANBUL/LONDON Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of this year, potentially saving thousands of jobs. | Video

Tourism levy to squeeze Turkish tourism firms still emerging from slump

02 Aug 2019

ISTANBUL A new levy on Turkey's tourism industry will hit hotels and travel agencies from October, squeezing businesses which have been forced to offer hefty discounts to overcome a slump in visitor numbers three years ago.

After sharp rate cut, Turkey's crisis-hit companies seek more stimulus

02 Aug 2019

ISTANBUL Turkish borrowing costs have begun falling after the central bank slashed interest rates last week, but companies say more monetary stimulus and bank lending will be needed to kick-start the recession-hit economy after last year's currency crisis.

RPT-EXCLUSIVE-Turkey's restructuring stalls as banks, government wrestle with bad debt

18 Jul 2019

By Can Sezer, Ebru Tuncay, Ceyda Caglayan and Jonathan Spicer

Exclusive: Turkey's restructuring stalls as banks, government wrestle with bad debt

17 Jul 2019

By Can Sezer, Ebru Tuncay, Ceyda Caglayan and Jonathan Spicer

UPDATE 1-Turkish house sales halve in June, hit by holiday, high rates

17 Jul 2019

ISTANBUL, July 17 Turkish house sales tumbled 48.6% year-on-year in June, the sixth consecutive month of declines, official data showed on Wednesday, as the property market continued to feel the impact of an economic slowdown and high mortgage interest rates.

RPT-Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

23 Jun 2019

ANKARA/ISTANBUL, June 22 Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday's re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his U.S. counterpart Donald Trump.

Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

22 Jun 2019

ANKARA/ISTANBUL Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday's re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his U.S. counterpart Donald Trump.

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even if it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.