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Tuesday, September 13 2011 , Your time is 15:58:00
Turkish Prime Minister Binali Yıldırım has lashed out at banks for making “speculative gains” through high interest rates, saying they should “have more conscience.”
Board members of Turkey’s top business organization, the Turkish Industry and Business Association (TÜSİAD), will meet the heads of leading political parties on June 16-17 under the leadership of TÜSİAD head Cansen Başaran-Symes.
BRUSSELS - Reuters
Senior EU officials have formally discussed for the first time a possible Greek debt default as negotiations between Athens and its creditors have stalled ahead of an end-month repayment deadline, several officials told Reuters.
ISTANBUL - Doğan News Agency
Turkey’s unemployment rate rose to 10.6 percent in the three months starting in February, 0.9 percentage points higher than in the same period of last year
Turkish İşbank Chairman Ersin Özince criticized pessimistic comments about the economy after the election and said Turkey is in a better condition than it was before the election in making constructive assessments, adding the new government must vow to make the delayed reforms to its people as soon as possible
Parliament’s seat distribution that came out of the June 7 general election opened a door that could carry Turkey from authoritarianism to democratization, but it also brought about a series of political uncertainties.
ANKARA - Anadolu Agency
The Turkish economy is currently weighed down with political uncertainty, but a new government could resolve policy issues and move the country forward, World Bank Chief Economist Franziska Ohnsorge told Anadolu Agency on June 11
ISMAILIYA, Egypt - Agence France-Presse
Egypt will inaugurate a "new Suez canal" shipping route in August aimed at speeding up traffic along the existing waterway and boosting revenues, officials said June 13
BRUSSELS - The Associated Press
International creditors sent Greek Prime Minister Alexis Tsipras home from a summit June 11 with a clear message: swiftly tone down your demands in the bailout talks over the next week or face financial ruin.
BRUSSELS - Agence France-Presse
Greek premier Alexis Tsipras warned Greece on June 13 to prepare for a "difficult compromise" with its EU-IMF creditors as his closest advisors delivered a last-chance proposal to avert a catastrophic default by Athens.
Turkey’s current account deficit, among the biggest in emerging markets, was a wider-than-expected $3.4 billion in April, though below March levels, mainly due to the rise in the outflow of capital, which also included the dividend transfers, data from the Central Bank showed on June 11
LONDON - Reuters
Several of the biggest fund managers based in London are drawing up plans to move trillions of pounds of assets and thousands of jobs outside of Britain should the country vote to leave the EU in a referendum due by the end of 2017, the Sunday Times said.
Food prices are 20 percent higher than the global average in Turkey due to speculative price-hiking, said Şemsi Kopuz, the head of the Food and Beverages Associations Federation of Turkey (TGDF)