Edition:
United Kingdom

Jonathan Spicer

Lebanon, pushed to the brink, faces reckoning over graft

18 Oct 2019

BEIRUT Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt system and enact long-promised reforms.

Lebanon, pushed to the brink, faces reckoning over graft

18 Oct 2019

BEIRUT Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt system and enact long-promised reforms.

RPT-ANALYSIS-Turkey's incursion in Syria may leave its own economy wounded

11 Oct 2019

BEIRUT/ANKARA, Oct 10 One casualty of Turkey's military incursion into Syria may be its own recovery from recession after U.S. congressional leaders threatened sanctions that could hit the lira and harden Turkish distrust of Western allies.

Turkey's incursion in Syria may leave its own economy wounded

10 Oct 2019

BEIRUT/ANKARA One casualty of Turkey's military incursion into Syria may be its own recovery from recession after U.S. congressional leaders threatened sanctions that could hit the lira and harden Turkish distrust of Western allies.

UPDATE 3-Turkish lira tumbles through key level as Syria push begins

09 Oct 2019

ISTANBUL, Oct 9 Turkey's lira slid 0.5% on Wednesday, breaking through what traders called a key support level of 5.85 against the dollar, after Turkey launched a military operation targeting Kurdish fighters in northeast Syrian.

UPDATE 2-Hariri says UAE promised Lebanon aid after high-stakes talks

08 Oct 2019

BEIRUT, Oct 8 Lebanese Prime Minister Saad al-Hariri said on Tuesday the United Arab Emirates has promised investments and financial aid to his deeply indebted country, though work remains to seal the deal, after two days of high-stakes talks in Abu Dhabi.

RPT-INSIGHT-Turkey turned up heat on banks after standoff over bad loans

23 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

ISTANBUL/ANKARA Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.

INSIGHT-Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

UPDATE 1-Turkey's big banks consider launching AMC for bad debt -sources

19 Sep 2019

ISTANBUL, Sept 19 Turkey's leading banks have discussed creating an asset management company (AMC) to house their higher-quality non-performing loans (NPLs) as a possible solution to the country's bad-debt problem, said two people familiar with the talks.

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