Turkey’s pledge to guarantee the debt of contractors on public-works projects threatens to balloon government spending, a headwind for foreign buyers of the nation’s bonds.
TC Ziraat Bankasi AS, Turkey’s biggest state-run lender by assets, plans to sell its first ever Eurobond, according to an e-mail from its investor relations department today.
Twitter Inc. is seeking to ease tensions in Turkey amid accusations from Prime Minister Recep Tayyip Erdogan’s administration that the U.S. company evades taxes and refuses to abide by Turkish law.
New regulations that analysts say will eat into fee income sent Turkish bank shares tumbling, paring gains since the ruling party’s election win.
Turkey’s central bank is resisting pressure from Prime Minister Recep Tayyip Erdogan to quickly reverse January’s interest-rate increases, signaling any cuts will come in gradual and measured steps.
Turkish Prime Minister Recep Tayyip Erdogan said he doesn’t respect a Constitutional Court ruling that forced his government to restore access to Twitter after a ban imposed 10 days before local elections on March 30.
Turkish Central Bank Governor Erdem Basci said growth may be close to 4 percent in 2014, exceeding economists’ estimates, according to Tim Ash, chief emerging- market economist at Standard Bank Plc.
Bussing tables at a busy Ankara kebab restaurant, Yunus Mutevelli says Turks are more concerned with the money going into their own wallets than those of ministers caught up in corruption scandals.
Turkey’s investment agency says foreign direct investment this year will be undeterred by a corruption scandal and elections that have raised perceptions of political risk in the country.
Turkish lenders climbed the most in a week after the central bank said it may consider paying interest on a portion of their required reserves.