Tuesday, September 13 2011 , Your time is 15:58:00
Borsa Istanbul elected a U.S.-educated economist and finance professor as its next chairman on March 31, as Turkey’s sole stock exchange gears up for a 2016 public offering
The Islamic Corporation for the Development of the Private Sector has consolidated its support of Islamic finance in the Central Asian region by signing a new agreement with leading Azerbaijani microfinance institution
MOSCOW - Agence France-Presse
Russia's central bank cut Jan. 30 its main interest rate to 15 percent from 17 percent in a move that caught markets by surprise, sending the ruble tumbling.
LONDON - ISTANBUL
A cache of secret bank files shows that HSBC's Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.
KYIV - Agence France-Presse
US Treasury Secretary Jack Lew said on Wednesday that Washington was ready to increase sanctions on Russia over its actions in war-torn Ukraine
ANKARA - Anadolu Agency
Finance ministers and central bankers face a tough task coordinating action to spur global growth at G-20 meetings this week, with major economies running at different speeds and monetary policies diverging.
Standard and Poor's stripped Russia of its investment-grade rating on Monday, cutting it to "junk" status with a warning of weak growth
Washington - Anadolu Agency
U.S.-based credit ratings agency considers Bank Asya's takeover isolated incident and not harbinger of systemic distress in Turkish banking sector.
Borsa Istanbul has announced the signing of a partnership agreement with London Stock Exchange Group covering derivatives and index products
The takeover of Bank Asya by the Turkish Savings Deposit Insurance Fund (TMSF) is entirely legal and judicial, but not political, Turkish Prime Minister Ahmet Davutoğlu said on late Feb. 4.
ATHENS - Reuters
Two major Greek lenders applied to tap the national central bank’s emergency funding a year after ending their reliance on it
Turkish Finance Minister Mehmet Şimşek has announced a reform package which aims to reduce the shadow economy by 19 percent over the next three years.
Turkey’s Bank Asya has signed an agreement to sell its 40 percent stake in Tamweel Africa Holding to the Islamic Corporation for the Development of the Private Sector for 31.8 million euro
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