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Tuesday, September 13 2011 , Your time is 15:58:00
Borsa Istanbul has become a hub for companies that generated more than $100 billion in profits between 2010 and 2014, its CEO said during the opening speech of the second International Borsa Istanbul Finance and Economics Conference on Oct. 1
ANKARA - Anadolu Agency
The head of Turkey’s banking watchdog, the Banking Regulation and Supervision Agency (BDDK), said on Aug. 19 the Turkish banking sector was solid.
SHANGHAI - Reuters
China devalued the yuan on Aug. 11 after a run of poor economic data, guiding the currency to its lowest point in almost three years
LONDON - Reuters
The significant slowdown in many emerging market economies is a medium-term trend that could persist for years, a senior Moody’s analyst said on Aug. 18.
Asset management companies, which have already been de-facto managing the non-performing loans of the ten largest banks in Turkey, have now set their eyes on unpaid telecommunication, natural gas and water bills, according to an exclusive report in daily Dünya.
The Turkish Lira weakened to a fresh record low against the dollar at 2.86 on Aug. 17, as investors’ concerns about the growing prospect of an early election and an escalating conflict between Ankara and Kurdish militants continued
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
Turkey’s economy is going through a tough period with the buildup of risks in the economic, political and geopolitical climate
ATHENS - Agence France-Presse
The Athens stock exchange, which has been closed for nearly a month due to Greece's debt crisis, is expected to reopen in a few days after receiving approval from the European Central Bank, a stock market source told AFP July 28
The Turkish Lira continued to plunge to record lows on Aug. 14, as the country braces for new elections after failed coalition talks between the Justice and Development Party (AKP) and the Republican People’s Party (CHP) amid escalating clashes with Kurdish militants and the Islamic State of Iraq and the Levant (ISIL)
ISTANBUL - Reuters
The lira’s weekly losses against the dollar reached almost 4 percent on July 24 as Turkish air strikes on Islamic State of Syria and the Levant (ISIL) insurgents in Syria and nationwide police raids on militants fuelled investor concerns about Turkey’s security risks
The Turkish lira hit a record low and stocks tumbled 3 percent on Aug. 13 after coalition talks between the ruling Justice and Development Party (AKP) and the main opposition Republican People’s Party (CHP) ended negatively, setting the stage for a snap election
BEIRUT - Reuters
Lebanon’s Bank Audi said first-half net profit rose seven percent to $202 million compared with the same period last year, mostly due to higher revenue and it recorded healthy growth in its Egypt and Turkey operations
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