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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.
Turkey’s benchmark index opened the day on June 13 with a new record, rising to a key threshold at 100,000 points, amid a strong inflow into emerging markets
Officials from the Islamic Development Bank and the Turkish Islamic Banks’ Association (TKBB) signed a cooperation deal for financing infrastructure projects on May 25, Reuters has reported.
Halk Investment CEO Murat Çetinkaya was elected as the new CEO of Turkey’s main stock exchange Borsa Istanbul, replacing Osman Saraç, during the bourse’s 4th Ordinary General Board Meeting on June 8.
The Federation of Euro-Asian Stock Exchanges (FEAS) decided to move its headquarters from Istanbul to Yerevan during an extraordinary general assembly meeting in Tehran on May 16.
The Turkish government has collected almost 23 billion Turkish Liras ($6.5 billion) through its latest debt and tax restructuring plan, Finance Minister Naci Ağbal told state-run Anadolu Agency on June 2.
Turkey is set to establish an international real estate stock exchange, which will enable the sale of property in the country to be sold abroad, a top official announced.
The International Finance Corporation (IFC), a member of the World Bank Group, has invested 15 million euros in equity of Turkish hospital group Acıbadem’s Bulgaria unit, Acıbadem City Clinic, to give a further boost to the group’s growth in the Middle East and Balkans and to improve healthcare services in Bulgaria, the parties said in a statement on May 30
TOKYO - Reuters
The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly ageing populations, warning that parts of the region risk “getting old before becoming rich.”
The U.S. Federal Reserve on May 30 fined German financial giant Deutsche Bank $41 million over failures to screen billions of dollars in potentially suspicions transactions
The International Finance Corporation (IFC), a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank (FMO) are providing a long-term loan to Finans Leasing, a leading Turkish leasing company and a subsidiary of QNB Finansbank, the institutions said in a press release on May 4.
ANKARA - Reuters
Turkish fashion retailer Mavi Giyim’s initial public offering (IPO) is seen priced at 43 to 51 lira per share, valuing the jeans maker at up to 2.5 billion lira ($700 million), a source close to the matter told Reuters on May 30.
Moody’s Investors Service has said it is maintaining its negative outlook on Turkey’s banking system, reflecting the rating agency’s expectation of weakening financials for the country’s banks amid a challenging operating environment.