Edition:
United Kingdom

Ebru Tuncay

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

Turkish banks have not yet agreed model to move bad loans off balance sheets -finance ministry

17 Jul 2019

ISTANBUL, July 17 Turkish banks have not yet agreed on a model for a fund that will remove problem loans in the construction and energy sectors off banks' balance sheets, the Treasury and Finance Ministry told Reuters on Wednesday.

Indian tool maker JK Files in talks to acquire Turkey's Makina Takim: sources

02 Jul 2019

ISTANBUL Indian industrial tool manufacturer JK Files is in talks to take over Turkey's Makina Takim, two people familiar with the situation told Reuters.

Indian tool maker JK Files in talks to acquire Turkey's Makina Takim -sources

02 Jul 2019

ISTANBUL, July 2 Indian industrial tool manufacturer JK Files is in talks to take over Turkey's Makina Takim, two people familiar with the situation told Reuters.

Indian tool maker JK Files in talks to acquire Turkey's Makina Takim -sources

02 Jul 2019

ISTANBUL, July 2 Indian industrial tool manufacturer JK Files is in talks to take over Turkey's Makina Takim, two people familiar with the situation told Reuters.

Turkey's Baticim to sell up to 75% of cement maker Batisoke - sources

13 Jun 2019

ISTANBUL, June 13 Baticim, a unit of Turkish conglomerate Bati Anadolu Group, is looking to sell a stake of up to 75% in cement manufacturer Batisoke, according to a source close to the process and a document seen by Reuters.

Turkey to boost exports with another $4.9 billion package: Albayrak

24 May 2019

(Corrects May 23 headline and first paragraph to stress package boosts exports)

Eye on lira, Turkey abandons plan to tap central bank reserves

17 May 2019

ANKARA/ISTANBUL Turkey took more unorthodox steps on Friday to protect its beleaguered lira, including scrapping a recently-hatched plan to tap the central bank's legal reserves to boost its budget and urging banks to encourage clients to convert foreign holdings.

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