Sub Categories:/» Homepage/» ECONOMY/» FINANCE
Tuesday, September 13 2011 , Your time is 15:58:00
The European Central Bank left its ultra easy monetary policy stance unchanged as expected on July 20, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.
Officials from the Islamic Development Bank and the Turkish Islamic Banks’ Association (TKBB) signed a cooperation deal for financing infrastructure projects on May 25, Reuters has reported.
WASHINGTON - Reuters
The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June.
The Federation of Euro-Asian Stock Exchanges (FEAS) decided to move its headquarters from Istanbul to Yerevan during an extraordinary general assembly meeting in Tehran on May 16.
The Turkish Lira rallied to a four-month high on April 27 after a surprise policy tightening decision reassured investors about the Central Bank’s resolve on inflation, as reported by Reuters.
Turkey is set to establish an international real estate stock exchange, which will enable the sale of property in the country to be sold abroad, a top official announced.
The Borsa Istanbul (BIST) 100 index, the benchmark index of Turkey’s main stock exchange, hit a new record high on April 24 by surpassing its previous record at 93,398 points, which was set back four years ago.
TOKYO - Reuters
The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly ageing populations, warning that parts of the region risk “getting old before becoming rich.”
ANKARA - Anadolu Agency
Turkey’s benchmark index closed the week with a 384.55-point hike to reach 92,423.93 points on April 21, marking it the second highest close of all time.
The International Finance Corporation (IFC), a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank (FMO) are providing a long-term loan to Finans Leasing, a leading Turkish leasing company and a subsidiary of QNB Finansbank, the institutions said in a press release on May 4.
Turkey’s main stock exchange Borsa Istanbul is working on new financial instruments that will bring higher yields for lower risks and be based on several unusual products including popular TV series, car manufacturing projects and construction projects, the bourse’s head has said.
Moody’s Investors Service has said it is maintaining its negative outlook on Turkey’s banking system, reflecting the rating agency’s expectation of weakening financials for the country’s banks amid a challenging operating environment.
The Saudi-based Islamic Development Bank (IDB) is in talks with Turkey’s main stock exchange Borsa Istanbul to buy a stake, the bourse’s chairman told Reuters on April 19, adding that they wanted to complete the negotiations by the end of the year.