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Tuesday, September 13 2011 , Your time is 15:58:00
Shares in Turkey’s Halkbank tumbled as much as 16 percent early yesterday, the sharpest drop on record, after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran
The main opposition Republican People’s Party (CHP) has questioned why all general board meetings of Turkey’s state-run lenders have been postponed until after the referendum, speculating that the government may be “afraid of something in their balance sheets.”
DENİZLİ - Reuters
The Turkish Central Bank will closely monitor pricing behavior and implement further monetary tightening if needed, its governor said on March 8, but the lira weakened in apparent disappointment he did not give a clearer signal on rates
Turkey’s Meat and Milk Board (ESK) started offering carcass meat for cheaper prices to butchers and delicatessens to ease increases in red meat prices as of March 27
ANKARA - Anadolu Agency
Turkey’s benchmark index was up 1,322.94 points to close at 91,044.99 on March 6, marking its highest level in just over two years.
Loans by the Turkish banking sector were seen rising to some 175 billion Turkish Liras ($48.8 billion) in the first quarter from 120 billion liras in the same period a year earlier, a banking association chairman said, as reported by Reuters on March 27.
Some 52 billion Turkish Liras ($14.3 billion) in loans and credit card debts were restructured in Turkey in September 2016, said the head of a top sector association, adding that this was a huge figure and that the sector achieved a great success by implementing the restructuring
FRANKFURT - Reuters
Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank said in a study on March 22, just days after finance chiefs of the world’s top 20 economies dropped their pledge for open trade.
LONDON - Agence France-Presse
The London Stock Exchange on Feb. 26 said it is “highly unlikely” it will be able to meet antitrust conditions set by Brussels for its tie-up with Deutsche Boerse, throwing the merger into doubt.
ISTANBUL - Anadolu Agency
Luxembourg’s deputy prime minister has invited Turkish banks to open branches in Luxembourg.
ANKARA – Anadolu Agency
The Turkish Lira appreciated against the U.S. dollar early on Feb. 23 amid hints from the Federal Reserve pointing to rate hikes as soon as March.
Most of the Turkish companies rated by Moody’s are able to cope with the recent slide in the value of the Turkish Lira thanks to their foreign exchange reserves and foreign currency inflows, Moody’s said March 9.
Turkey is studying the forex debts of its private sector and will take new macro-prudential measures in March, Deputy Prime Minister Mehmet Şimşek has said, adding that measures would include new forex restrictions against.