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Tuesday, September 13 2011 , Your time is 15:58:00
The Turkish currency continued its recovery against the U.S. dollar on Sept. 11, after the country’s official statistics authority announced soaring economic growth.
In a leading index of global financial centers, Istanbul has fallen 12 places to 78th, despite a rise in its rating, among 92 centers across the globe on factors such as infrastructure and access to high quality staff.
LONDON - Reuters
The euro jumped more than half a percent after breaking above a key level on Aug. 29 while the dollar fell to a two-year low against the Swiss franc after a North Korean missile test sapped investors’ leveraged demand for risky assets.
ANKARA - Anadolu Agency
The Treasury had a cash balance surplus of 2.97 billion Turkish Liras ($847 million) in August, it stated on Sept. 11.
ANKARA – Anadolu Agency
Turkey’s benchmark stock index hit its highest level of all times by climbing to 110,409.43 points during the afternoon session on Aug. 28.
Turkish natural gas distribution company Başkent Gaz will list a stake of up to 28.75 percent on the Istanbul stock exchange, according to a draft prospectus on the company’s website, as reported by Reuters on Sept. 11.
PARIS – Agence France-Presse
The euro held its gains on Aug. 28 as traders bet that the European Central Bank would start to wind down its crisis-era stimulus program, while lower expectations for further tightening in the United States weighed on the dollar.
FRANKFURT - Agence France-Presse
The European Central Bank believes its long-term support to the eurozone economy will overcome the strong euro’s braking effect on inflation, board member Benoit Coeure said on Sept. 11.
European Central Bank governors expressed concern over the strength of the euro at their last meeting in July, minutes showed on Aug. 17, complicating their attempts to ease away from stimulus without undermining the recovery.
LONDON - Agence France-Presse
The euro on Sept. 8 reached the highest level against the dollar since the start of 2015 as traders bet on the European Central Bank winding in its huge stimulus program.
Net profit for Turkish banks rose 27.5 percent in the same period of January to July from a year ago, by the support of net interest rates and commission fees, based on the data from Turkey’s banking regulator on Sept. 6.
FRANKFURT - Reuters
Europol’s head is calling for tighter controls after an analysis found money laundering goes mostly uninvestigated, despite banks alerting police to record numbers of suspicious transactions.
State-owned Ziraat Bank, one of Turkey’s largest lenders, announced late on Aug. 15 its second quarter net profits rose 21.7 percent on the year to 2.2 billion Turkish Liras ($622.37 million), mainly thanks to a strong growth in loans and net interest income.