Turkey News
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Updated 45 minutes ago
On Feb. 24, the U.S., European nations, members of the Arab League and other sympathetic countries making up the newly established “Friends of Syria” group will gather in Tunisia for an emergency meeting on how to stem the bloodshed in Syria. Their deliberations are almost certain to involve calls for more crippling sanctions to bring about regime change and debates over providing military support to the fractured opposition groups inside the country.
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Updated 47 minutes ago
Steinhoff International Holdings Ltd. plans an initial public offering of its European unit that could raise 1.5 billion euros ($1.98 billion) to repay debt as it considers expanding in Latin America and eastern Europe.
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Turkey’s benchmark ISE National 100 Index fell 0.7 percent to 60,856.43 at the close in Istanbul, retreating for a second day.
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BP Plc and its partners in a Caspian Sea gas field plan to make a final decision on an export route to Europe by the middle of 2013.
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Rhea Asset Management, an investment trust, has spun off a team to form TRPE Capital, a new private equity firm focusing on investments in companies in the Turkish technology, healthcare and business sectors.
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Turkish bond yields fell for the fourth straight day on bets the central bank will increase its funding after unexpectedly cutting the highest lending rates.
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Syrian dissidents formed an opposition group including minority Alawites, Turkmens, Yezidis and Druse, saying they weren’t represented in the main organization challenging President Bashar al-Assad, Hurriyet Daily News reported.
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Emerging-market stocks dropped for the first time in three days on concern Europe will continue to struggle even after a second rescue package for Greece.
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China and Turkey signed a three-year currency swap agreement worth 10 billion yuan ($1.6 billion), or 3 billion liras, the Turkish central bank said.
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Turkey’s benchmark ISE National 100 Index fell 0.3 percent to 61,252.83 at the 5:30 p.m. close in Istanbul, paring four days of gains.
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