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Jonathan Spicer

Former Fed Chief Paul Volcker, inflation slayer, dies at 92

09 Dec 2019

Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his daughter Janice Zima. | Video

UPDATE 1-Former Fed Chief Paul Volcker, inflation tamer, dead at 92 -NYT

09 Dec 2019

Dec 9 Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to the New York Times, which quoted his daughter.

UPDATE 1-Turkish cenbank to use required reserves to support real sector access to loans -governor

27 Nov 2019

ISTANBUL, Nov 27 The Turkish Central Bank will use required reserves to support real sector access to loans and loan growth, the bank's governor Murat Uysal said on Wednesday, adding that its monetary policy will allow the fall in inflation to continue.

Erdogan leans on Turkish central bank for risky 'single digit' rates

26 Nov 2019

ISTANBUL/ANKARA Turkish President Tayyip Erdogan urged the central bank on Tuesday to continue slashing interest rates, after it already cut by 1,000 points since July, saying both rates and inflation would hopefully hit single-digits next year.

Return of short-selling bans - market protection or 'war against truth'?

19 Nov 2019

NEW YORK/LONDON/ISTANBUL New moves to curb short-selling in some countries have set the stage for a renewed battle between free market advocates and authorities aiming to check investors they see as profiteers who destabilise major companies.

EBRD pitches Turkish reforms to open bad debt to foreign buyers

08 Nov 2019

ISTANBUL, Nov 8 The European Bank for Reconstruction and Development made 30 recommendations on Friday for Turkey to restructure its laws and markets so that foreign companies could easily buy some of the tens of billions of dollars in bad debt held by lenders.

Turkish bankers, officials discuss easing foreign purchases of bad debt

04 Nov 2019

* Tens of billions of dollars of bad debt lingers from crisis

Turkey blames Kurdish militia after deadly bombing in Syrian town

02 Nov 2019

ISTANBUL A car bomb killed a dozen people and injured 30 on Saturday in a market of a Syrian border town that Turkish-backed forces seized last month, prompting Ankara to blame the Kurdish YPG militia it had targeted in its incursion.

Turkey says Kurdish YPG has not fully withdrawn from Syria border area

28 Oct 2019

ANKARA/ISTANBUL Kurdish YPG forces have not fully withdrawn from a strip of northeastern Syria under a Russia-brokered accord that is about to expire, Turkey's foreign minister said on Monday, as Ankara prepared to discuss its next steps with Moscow.

Turkey says Kurdish YPG has not fully withdrawn from Syria border area

28 Oct 2019

ANKARA/ISTANBUL Kurdish YPG forces have not fully withdrawn from a strip of northeastern Syria under a Russia-brokered accord that is about to expire, Turkey's foreign minister said on Monday, as Ankara prepared to discuss its next steps with Moscow.

World News

U.S. House committee postpones votes on articles of impeachment

U.S. lawmakers will vote Friday on whether to move forward with impeaching Republican President Donald Trump, as the Democratic head of the Judiciary Committee shocked Republicans by declining to hold a late-night vote after a hearing that lasted more than 14 hours.