Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s external position was weaker than the level consistent with medium-term fundamentals and given large financing needs and short-term nature of capital inflows, Turkey remains vulnerable to capital flow reversal, said the International Fund on July 28 in an analysis about countries’ external sector report for 2015
FRANKFURT - Reuters
The appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany’s largest lender up 8 percent on June 8 as investors judged the Briton a more credible contender than his two ousted predecessors to revive its fortunes
International credit rating agency Fitch has said Turkey’s banking sector will not be significantly affected by the takeover of Bank Asya.
LONDON - Reuters
Britain is prepared to review a tax on banks to head off the threat that large multinational banks like HSBC could leave London’s financial center and shift their operations overseas, the Sunday Times reported, citing industry sources
The Turkish currency fell for the eighth consecutive day on June 1, down around 0.8 percent against the U.S. dollar to 2.68
Many investors backed off from taking new trading positions on June 5 ahead of Turkey’s parliamentary election on June 7, seen as one of the most uncertain in the last decade regarding the outcome
ISTANBUL - Reuters
Turkish stock exchange regulators temporarily stopped Islamic lender Bank Asya’s shares from trading on Borsa Istanbul on June 1
ANKARA - Anadolu Agency
Developing Borsa Istanbul is an important component of building the Istanbul financial hub, European Bank for Reconstruction and Development (EBRD) Director for Turkey Jean-Patrick Marquet told Anadolu Agency in an interview on June 5.
Deputy Prime Minister Ali Babacan said on May 30 that Turkish authorities decision to take over Bank Asya was not political. "“If it was political, why would [the government] wait for one and a half years?" he said.
DUBAI - Reuters
The government of Egypt conducted its first international bond sale in five years on June 4, underlining a return of economic and political stability to the country after its Arab Spring uprising of 2011.
Turkey’s largest state-owned bank, Ziraat Bank, has launched its first branch for Islamic finance in Istanbul
The Turkish Lira slipped to 2.7 to the dollar on June 4 as the U.S. currency gained globally, while concerns that the parliamentary elections might result in a coalition government continued to weigh on sentiment
DRESDEN - Reuters
Finance chiefs from the Group of Seven economic powers met on May 28 to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy
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