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Tuesday, September 13 2011 , Your time is 15:58:00
U.S. President Donald Trump proposed on Sept. 27 the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit.
ISTANBUL - Hürriyet Daily News
Currency wars are spreading throughout the region as Turkey’s Central Bank intervened for a fourth day in the currency markets.
1 Comment(s) 1/5/2012
Erdal Sağlam / Hürriyet - ANKARA
The frantic dollar selling by the Turkish Central Bank does little to curb the rise of the US dollar against the lira. The level of foreign currency reserves is crucial as the interventions continue.
SOFIA - Anatolia News Agency
Turkey and Bulgaria signed an international highway passenger and cargo transportation agreement today.
BUDAPEST - Reuters
Hungary pledged yesterday to seek a fast agreement with international lenders to shore up...
ISTANBUL- Hürriyet Daily News
Having attracted nearly $11.5 billion in foreign direct investment in the first ten months of last year...
The Turkish government is getting ready to open a new border gate in Gülyazı on Turkey’s Iranian border following the Turkish Air Force’s “operational blunder” last week.
ANKARA - Anatolia News Agency
Tunisia is rolling up sleeves to host the Turkey-Tunisia-Libya Business Forum in Tunis...
The Iranian Rial gained 21 percent in two days after a sharp intervention in the curreny market by the central bank. That compared with turkey’s efforts to curb the value of the US dollar with a similar move.
LONDON - Reuters
Britons are expected to cut back on spending in 2012 as the eurozone debt crisis compounds weak consumer sentiment. Sales in the week after Christmas falls 4.8 percent. Fashion retailers project modest sales for 2012.
ISTANBUL - Anatolia News Agency
Interest rates on housing loans rose substantially from January to December last year, leading to an extra cost of about 17,460 Turkish Liras in a 60-month repayment plan per 100,000 liras of loan, according to data gathered by Anatolia news agency.
BTA, Kazakhstan’s third-biggest bank by assets, has asked creditors to back a second debt restructuring after saying it may not have enough cash for its next interest payment, according to Reuters
WASHINGTON - Agence France-Presse
The Federal Reserve will begin to publish interest rate projections in economic forecasts this month, a major effort to improve communications with the public and financial markets.