Categories Economy Emerging Markets Finance Markets Surprise: the rate cut comes just as the amount expected Editor P.A.Posted on21 May, 202023 May, 2020 For the straight ninth time in a row the central bank of Turkey (CBT) cut … Continue ReadingSurprise: the rate cut comes just as the amount expected
Categories Economy Emerging Markets Politics Haftar’s Forces Announce Air Campaign Against Turkey in Libya Editor P.A.Posted on21 May, 202023 May, 2020 Russian-backed Libyan strongman Khalifa Haftar’s air force will launch what it says are unprecedented strikes … Continue ReadingHaftar’s Forces Announce Air Campaign Against Turkey in Libya
Categories Emerging Markets Finance Markets Ash: Qatari support ‘will not have major impact on Turkish lira’ Editor P.A.Posted on21 May, 202021 May, 2020 Turkey tripled its currency swap agreement with Qatar to $15 billion on the basis of … Continue ReadingAsh: Qatari support ‘will not have major impact on Turkish lira’
Categories Economy Emerging Markets Finance Politics Albayrak: Turkey to prioritize localizing its economy amid pandemic Editor P.A.Posted on20 May, 202021 May, 2020 Turkey is set to enter a new period in which domestic production will be prioritized, … Continue ReadingAlbayrak: Turkey to prioritize localizing its economy amid pandemic
Categories Economy Emerging Markets Finance Markets Politics Bloomberg: Emboldened by a stronger lira, Turkey is set to cut rates again Editor P.A.Posted on20 May, 202021 May, 2020 Little stands in the way of the Turkish central bank’s ninth straight interest-rate cut after … Continue ReadingBloomberg: Emboldened by a stronger lira, Turkey is set to cut rates again
Categories Economy Emerging Markets General Turkey consumer confidence rises from record low; though reflects ongoing pain Editor P.A.Posted on20 May, 202021 May, 2020 Consumer confidence in Turkey rose from a record low in May as households became more … Continue ReadingTurkey consumer confidence rises from record low; though reflects ongoing pain
Categories Economy Emerging Markets Finance Markets Turkey exempts Euroclear, Clearstream from lira limitations Editor P.A.Posted on20 May, 202021 May, 2020 Turkey’s banking regulator said on Wednesday it would exempt Euroclear Bank and Clearstream Banking from … Continue ReadingTurkey exempts Euroclear, Clearstream from lira limitations
Categories Economy Emerging Markets General Turkey imposes additional import tariffs on more than 800 items Editor P.A.Posted on20 May, 202021 May, 2020 Turkey has imposed an additional tariff of up to 30% on imports of more than … Continue ReadingTurkey imposes additional import tariffs on more than 800 items
Categories Economy Emerging Markets Markets Politics Turkey: Good old Qatar comes to the rescue Editor P.A.Posted on20 May, 202021 May, 2020 Turkey and Qatar tripled the limit on currency swap agreement to $15 billion equivalent of … Continue ReadingTurkey: Good old Qatar comes to the rescue
Categories Economy Emerging Markets Finance Markets Politics Swap deal “secured with BoJ and BoE” denied; talks continue Editor P.A.Posted on20 May, 202021 May, 2020 Turkish lira rallied on Habertürk news on Turesday that Turkey was very close to securing … Continue ReadingSwap deal “secured with BoJ and BoE” denied; talks continue
Categories Economy Emerging Markets Markets ING: More rate cuts to come in Turkey… Editor P.A.Posted on20 May, 202021 May, 2020 The Central Bank of Turkey extended its easing cycle with an eighth cut last month, reducing the policy rate … Continue ReadingING: More rate cuts to come in Turkey…
Categories Emerging Markets General Politics Are snap polls on Ankara’s horizon? Editor P.A.Posted on18 May, 202029 May, 2020 The prospect of holding snap elections in Turkey has become the focus of debate recently … Continue ReadingAre snap polls on Ankara’s horizon?
Categories Economy Emerging Markets Turkish tourist hot spots are facing heavy losses Editor P.A.Posted on18 May, 202021 May, 2020 A few months ago Fatih Oztarakci was working flat out hosting wedding parties on his … Continue ReadingTurkish tourist hot spots are facing heavy losses
Categories Economy Emerging Markets Finance Markets Turkey: out in the cold Editor P.A.Posted on18 May, 202021 May, 2020 The broadest-ever effort to pump dollars into the global economy has bypassed some major emerging … Continue ReadingTurkey: out in the cold
Categories Economy Emerging Markets Politics Turkey April budget: Oh my, oh my! Editor P.A.Posted on15 May, 202021 May, 2020 The Turkish government posted one of its widest monthly budget deficits as of April 2020. … Continue ReadingTurkey April budget: Oh my, oh my!
Categories Economy Emerging Markets Finance Markets Turkey’s March current account: Pressures on lira not likely to ease Editor P.A.Posted on13 May, 202021 May, 2020 Turkey posted USD4.9bn current account deficit in March 2020 that stands at the upper end … Continue ReadingTurkey’s March current account: Pressures on lira not likely to ease
Categories Emerging Markets Finance Emerging Markets burning through reserves, BofA Editor P.A.Posted on11 May, 202021 May, 2020 Leading emerging countries have burned through $240 billion in foreign exchange reserves over the past … Continue ReadingEmerging Markets burning through reserves, BofA
Categories Economy Emerging Markets Foreign Policy: Corona forces Brazil, Indonesia, India, Russia, and Turkey face a daunting new reality Editor P.A.Posted on4 May, 202021 May, 2020 Risky assets had rallied throughout April, thanks to slowing-down of the Covid-19 outbreaks in rich … Continue ReadingForeign Policy: Corona forces Brazil, Indonesia, India, Russia, and Turkey face a daunting new reality
Categories Company & Industry Economy Emerging Markets Finance Corona toll now tangible for the Turkish economy Editor P.A.Posted on4 May, 202021 May, 2020 Turkish Ministry of Commerce temporary foreign trade data shows an immense 41.38 percent yoy drop … Continue ReadingCorona toll now tangible for the Turkish economy
Categories Emerging Markets Moody’s heralds higher defaults rates among EM companies Editor P.A.Posted on2 May, 202021 May, 2020 With $170 bn in FX debt payments over the next 12 months, Turkish private sector … Continue ReadingMoody’s heralds higher defaults rates among EM companies
