Turkey picked a state-run Chinese company over U.S. and European rivals to co-produce missile defense systems as it seeks partnerships capable of growing domestic arms production amid a military buildup in the region.
Several F-16 warplanes took off from base in southeastern Diyarbakir after large explosion close to Turkish border, Sabah newspaper reports, without citing anyone. * Warplanes headed toward Syrian border: Sabah * State hospital in border town of Reyhanli alerted to receive possible casualties from Syria following explosion, Milliyet newspaper reports, without citing anyone. * Missile allegedly landed near Syrian village of Sarmade: Milliyet
Stocks slid the most since June and oil surged to an 18-month high amid concern the U.S. will take military action against Syria. Treasuries, the yen and gold rose while Turkey’s lira and India’s rupee reached record lows.
Turkey’s anti-government protests are providing a boon to Katmerciler Arac Ustu Ekipman Sanayi & Ticaret AS, the producer of water cannon-armed trucks whose shares are beating Istanbul’s benchmark index.
Turkey rejected an appeal by retired Chief of General Staff Ilker Basbug to be tried by the Supreme Court in connection with an investigation of alleged coup plots against Prime Minister Recep Tayyip Erdogan, Milliyet reported.
Turkey will tighten its certification and inspection regime for alcohol importers after four Russian visitors died and 15 others were hospitalized due to poisoning by counterfeit alcohol served on a cruise, Milliyet reported.
Turkey is planning to create a dual-fund system to lock in savings for a longer period and increase the size of personal pension contributions, Milliyet reported, without saying how it got the information.