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Tuesday, September 13 2011 , Your time is 15:58:00
A total of 120,000 Turkish construction companies are set to halt activities on June 9 to protest a skyrocketing rise in iron prices and a visible undersupply in the material.
ISTANBUL- Hürriyet Daily News
Kahve Dünyası, a local coffee chain owned by Turkey’s Altınmarka, has opened its first overseas branch in London, a press statement by the company said yesterday.
Bahrain-based Investcorp is in the final stages of a bid to purchase Turkish discount retailer A101, according to Wall Street Journal’s Market Watch.
Çukurova Holding wants Turkcell’s shares back in order to preserve the Turkish identity of the country’s largest mobile operator, the group’s board chairman said in an interview to the Wall Street Journal.
Turkish cargo firms continue to benefit from a growing e-trade market, which reached a volume of $10.6 billion last year, according to the top executive of MNG Cargo.
LONDON - Reuters
The world’s top four audit firms will have to split up and rename themselves under a far-reaching draft European Union law to crack down on conflicts of interest.
ISTANBUL - Hürriyet
Eczacıbaşı Holding has agreed to buy out Georgia Pacific’s 50 percent stake in İpek Kağıt, giving the holding full control over the country’s leading producer of paper towels.
ISTANBUL - Hürriyet Daily News
A lawsuit against the city of New York for choosing Nissan taxi cabs may be good news for Turkey’s auto producer Karsan, which had lost a tender for the business earlier in May along with Ford.
Fitch Ratings upgraded the note of Doğan Yayın Holding and Hürriyet Gazetecilik, in terms of both local and foreign exchange currency from B to B+, according to a company’s Nov.15 statement on the Istanbul Bourse. Fitch confirmed Doğan Group’s outlook as “stable” and revised Hürriyet’s outlook from “negative” to “stable.”
Kuveyt Türk has just issued its second Islamic sukuk security by pioneering the first rent certification for Turkey. This $350 million transaction will be used toward investment and project financing, according to the company’s statement yesterday.
Gentra Logistics, an Istanbul-based Turkish logistics firm, prepares to make public 44 percent of its shares at the Istanbul Stock Exchange (İMKB) between Nov. 30 and Dec. 2, according to a statement yesterday.
The Flash Markit Eurozone Services Purchasing Managers’ Index, which tracks business activity in the euro area, stands below the crucial level for a third month, data says.
Hateks, an exporter of textile goods produced at facilities in both Turkey and Syria, has acquired 90 percent of shares in French textile firm Cotonella yesterday.