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Tuesday, September 13 2011 , Your time is 15:58:00
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.
ANKARA - Anadolu Agency
Turkey’s benchmark index was up 1,322.94 points to close at 91,044.99 on March 6, marking its highest level in just over two years.
LONDON - Reuters
World stocks hit 21-month peaks on Feb. 15 and the dollar rose for the 11th straight day, after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month during upbeat comments on the U.S. economy.
Some 52 billion Turkish Liras ($14.3 billion) in loans and credit card debts were restructured in Turkey in September 2016, said the head of a top sector association, adding that this was a huge figure and that the sector achieved a great success by implementing the restructuring
COVENTRY - Reuters
U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent.
LONDON - Agence France-Presse
The London Stock Exchange on Feb. 26 said it is “highly unlikely” it will be able to meet antitrust conditions set by Brussels for its tie-up with Deutsche Boerse, throwing the merger into doubt.
MAINZ - Reuters
The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany’s Bundesbank said on Feb. 7.
ANKARA – Anadolu Agency
The Turkish Lira appreciated against the U.S. dollar early on Feb. 23 amid hints from the Federal Reserve pointing to rate hikes as soon as March.
ANKARA - Reuters
Foreign banks and sovereign wealth funds are interested in working with Turkey’s newly formed wealth fund, which is likely to make its first transaction this year, Turkish Finance Minister Naci Ağbal told Reuters on Feb. 8.
Turkey is studying the forex debts of its private sector and will take new macro-prudential measures in March, Deputy Prime Minister Mehmet Şimşek has said, adding that measures would include new forex restrictions against.
BEIJING - Reuters
China said on Feb. 3 it has never used its currency as a tool to gain an advantage in trade and was not seeking a “currency war”, after U.S. President Donald Trump criticized Beijing for harming American companies and consumers with a devaluation of its yuan.
Turkey’s Eximbank is set to pour $40 billion in loans and insurance into more than 100,000 companies in 2017 and to launch its own rating system to measure companies’ eligibility for loans, the head of the organization has said.
The Turkish Lira became a surprise winner on Jan. 30 by rising 1.2 percent in spite of Fitch’s decision on Jan. 27 to cut the sovereign rating to “junk” and Standard & Poor’s unexpected move to lower the outlook on Turkey’s rating from “stable” to “negative.”