ANKARA/ISTANBUL, Aug 20 A central bank decision
that banks with higher loan growth can hold lower reserves will
boost profits at Turkish state banks and encourage private
banks to follow suit with increased lending, analysts say.
* Lira strengthens after initial drop
(Adds comments, lira update, historical context)
ISTANBUL Turkey's economy is expected to contract in 2019 for the first time in a decade and to see only modest growth in the following two years, a Reuters poll showed on Wednesday.
ISTANBUL Russia began delivering an advanced missile defense system to Turkey on Friday, a move expected to trigger U.S. sanctions against a NATO ally and drive a wedge into the heart of the Western military alliance. | Video
ISTANBUL Turkish President Tayyip Erdogan said on Wednesday he had dismissed the central bank governor because he failed to follow instructions on interest rates and the bank had not properly fulfilled its role.
ISTANBUL Turkey's central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed its governor, a Reuters poll showed on Wednesday.
ISTANBUL A Turkish court ruled on Friday to keep an employee of the U.S. consulate in custody as his trial on espionage charges continues, in a case that has damaged relations between Washington and Ankara.
ISTANBUL Murat Abi found employment in construction after moving to Istanbul from eastern Turkey four years ago, including at the city's new airport, which the government heralded as a pillar of the country’s economic might. | Video
ISTANBUL The Turkish lira, bonds and shares gained on Monday after the opposition dealt a stinging blow to President Tayyip Erdogan by winning control of Istanbul in a re-run mayoral election on Sunday.
ISTANBUL Turkey's main opposition claimed a decisive victory on Sunday in Istanbul's re-run election, dealing one of the biggest blows to President Tayyip Erdogan during his 16 years in power and promising a new beginning in the country's largest city. | Video