Sub Categories:/» Homepage/» ECONOMY/» FINANCE
Tuesday, September 13 2011 , Your time is 15:58:00
The Turkish currency continued its recovery against the U.S. dollar on Sept. 11, after the country’s official statistics authority announced soaring economic growth.
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.
Turkey’s banking sector achieved its highest growth rate in the last six years in the first quarter of 2017, mainly thanks to a skyrocketing rise in the loan volume, according to the head of the Banks Association of Turkey (TBB).
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.
A deputy from the main opposition Republican People’s Party (CHP) has asked in a parliamentary question about the sharp rise in Turkey’s main stock exchange Borsa Istanbul on April 10, claiming that Economy Minister Nihat Zeybekci had already forecasted this rise.
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.
LONDON - Agence France-Presse
The outlook for London’s financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad.
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.
Turkish Central Bank Monetary Policy Committee (MPC) member Ahmet Faruk Aysan resigned from his post on April 5 in order to return to academia.
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.
GENEVA - Agence France-Presse
Credit Suisse extended its global charm offensive on April 3 insisting it has “zero tolerance” for tax evasion after hundreds of its clients and top employees became the target of an international fraud probe.
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.
Shares in Turkey’s Halkbank tumbled as much as 16 percent early yesterday, the sharpest drop on record, after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran