United Kingdom

Ezgi Erkoyun

Iranian home buyers dodge sanctions, make Turkey their plan B

01 Oct 2019

ISTANBUL Iranians in Turkey are finding ways to sidestep laws in their home country to buy properties and get Turkish passports, hoping to protect their savings even as the United States ramps up sanctions on Iran.

UPDATE 2-Turkey's central bank cuts rates 325 points in second easing move

12 Sep 2019

* Turkish inflation expected to fall on base effect (Adds quote, graphic, details)

Turkey says U.S. stalling on Syria 'safe zone', will act alone if needed

10 Sep 2019

ISTANBUL/ANKARA Turkey's Foreign Minister Mevlut Cavusoglu said on Tuesday that Washington is stalling in its agreement to create a "safe zone" in northeast Syria, and repeated that Ankara was ready to act on its own if necessary to push back Kurdish fighters.

UPDATE 2-Turkish economy shrinks only 1.5% in quarter as recovery beckons

02 Sep 2019

ISTANBUL, Sept 2 The Turkish economy contracted less than expected in the second quarter, 1.5% year-on-year, as it looks to shake off the effects of a recession brought on by last year's currency crisis.

Turkish central bank moves to boost profits of state banks

20 Aug 2019

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.

UPDATE 2-Turkish central bank slashes rates below 20% in first shift since crisis

25 Jul 2019

* Lira strengthens after initial drop (Adds comments, lira update, historical context)

Turkey's economy to contract in 2019, limited growth ahead: Reuters Poll

17 Jul 2019

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.

Russia delivers missile system to Turkey in challenge to NATO

12 Jul 2019

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

Turkey's Erdogan says dismissed central bank governor did not follow instructions

10 Jul 2019

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.

Turkey cenbank seen making deeper rate cut on July 25 after governor dismissal - Reuters poll

10 Jul 2019

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.

World News