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David Dolan

Turkey slashes growth forecasts, but not enough for wary investors

8:03pm BST

ANKARA Turkey sharply cut its growth forecasts for this year and next on Thursday, a reduction that failed to mollify investors who wanted a more sober assessment of the fragile economy and a sweeping plan to help banks. | Video

Turkey slashes growth forecasts for 2018, 2019 in economic plan, lira steady

10:52am BST

* Growth seen down to 2.3 percent in 2019, rising to 5 pct in 2021

Turkey's lira weakens, bank shares fall after Erdogan Isbank comments

17 Sep 2018

ISTANBUL Turkey's lira weakened 2 percent and banking shares fell on Monday after President Tayyip Erdogan was quoted as calling for an investigation into members of the opposition who serve on the board of the country's biggest lender.

UPDATE 1-Turkey's lira weakens, bank shares fall after Erdogan Isbank comments

17 Sep 2018

ISTANBUL, Sept 17 Turkey's lira weakened 2 percent and banking shares fell on Monday after President Tayyip Erdogan was quoted as calling for an investigation into members of the opposition who serve on the board of the country's biggest lender.

Turkey's central bank promises action after inflation surges to 18 percent

03 Sep 2018

ISTANBUL Turkey's central bank signalled on Monday it would take action against "significant risks" to price stability, a rare move to calm financial markets after inflation surged to its highest in nearly a decade and a half.

Turkey's Albayrak sees no big risk to economy, but Moody's sounds alarm

29 Aug 2018

ISTANBUL Turkey does not expect a big risk to its economy or financial system, Finance Minister Berat Albayrak was quoted on Wednesday as saying, in comments that illustrate a deep divide between Ankara and global investors over a worsening currency crisis.

Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'

17 Aug 2018

ISTANBUL Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". | Video

Turkish lira skids past 5 to dollar on U.S. sanctions move

03 Aug 2018

ISTANBUL Turkey's lira tumbled to a record low beyond 5 to the dollar on Thursday, after Washington imposed sanctions on two of President Tayyip Erdogan's ministers over the trial of a U.S. pastor accused of backing terrorism.

Erdogan starts presidential rule, names son-in-law Turkish finance minister

10 Jul 2018

ISTANBUL Turkey's Tayyip Erdogan ushered in the new, executive presidential system he had long campaigned for by putting his son-in-law in charge of the economy and promising a greater overhaul of a country he has dominated for 15 years. | Video

In northwest Syria, Turkey extends aid and casts big shadow

02 Jul 2018

AFRIN, Syria The flags that fly over Afrin are both Syrian opposition and Turkish, but there is little doubt who is in control of this battle-scarred city.

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