Tuesday, September 13 2011 , Your time is 15:58:00
An eventual interest rate hike by the Federal Reserve could threaten Turkish economic growth, a Moody’s analyst says
PARIS - Agence France-Presse
IMF chief Christine Lagarde announced on Aug. 27 she had been charged for "negligence" over a multi-million-euro corruption case relating to her time as French finance minister in 2008.
Islamic lender Bank Asya has received another blow, as the Customs and Trade Ministry has joined with two other state institutions in cancelling their contract with the bank.
Islamic lender Bank Asya, who has been shaken by a series of blows to its financial strength, released a statement in local newspapers to condemn the media reports it accused of conducting a “systematic smear campaign” against the lender.
Questions over the future of Bank Asya have escalated further after contradicting remarks from two prominent government figures regarding its sale to a state owned bank coupled with two state institution’s announcement of ending relations with the lender
The trading of Islamic lender Bank Asya’s shares will remain suspended until a new decision has been made, the head of Turkey’s capital markets watchdog has announced.
SYDNEY - Agence France-Presse
The G-20’s pledge to boost growth could be wiped out by rising interest rates and weakening emerging economies, an IMF report said
Turkish banks’ rapid credit growth and higher external debt increases downside risks in the case of extremely stressed market conditions, Fitch Ratings has said
ISTANBUL / Hürriyet
British lender HSBC has begun to close the accounts of small local businesses in Turkey with the aim of focusing on customers with overseas interests.
Islamic lender Bank Asya has received another blow, as the Capital Markets Board (SPK) did not approve a 140 million-Turkish Lira sukuk issuance from the lender’s asset leasing subsidiary.
Turkish state-owned lender Halkbank is clearing the deck to sell shares in its insurance subsidiaries as it assesses options to exit the sector.
ISTANBUL - Reuters
The Turkish Banking Association expects profits in the banking sector this year to be at around the same levels as last year, General Secretary Ekrem Keskin told reporters
RIYADH / DUBAI- Reuters
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year
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