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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 / Radikal
A new account for “preparation for natural disasters” will be added to the state budget, according to a draft law prepared by the Environment and Urban Planning Ministry, in a bid to strengthen buildings and infrastructure in Turkey against natural disasters.
ANKARA - Anatolia News Agency
Turkish investors prefer to put their savings, be it Turkish Liras or foreign exchange, in short-term deposits, usually for three months, according to data published by Turkey’s Central Bank.
ANKARA – Hürriyet Daily News
A draft bill envisaging the sale of 2-B lands, seen as a major source of revenue for the government, will be submitted to the Cabinet within 15 days, Forestry and Waterworks Minister Veysel Eroğlu announced yesterday.
TOKYO - Agence France-Presse
Shares in Japanese camera maker Olympus endured another double-digit plunge in Tokyo trade yesterday amid uncertainty over the firm’s future after it admitted covering up losses since the 1990s.
ANKARA- Hürriyet Daily News
Figures contradict officials who say the current account deficit is recovering. The gap has doubled in the first nine months as economists warn of further hikes.
LONDON - Agence France-Presse
The Bank of England is expected to keep its key interest rate at a record low 0.50 percent at a meeting this week after the European Central Bank recently shocked markets with a surprise cut.
ROME/ATHENS - Reuters
Europe’s central bank has been forced to intervene in the bond market, especially buying Italian and Spanish government debt, according to traders. Markets wait to see measures from the ruling technocrats in Greece and Italy
BERLIN - Reuters
The much-awaited summit of French and German leaders ends with scarce detail given to the public. Speaking after Sunday’s summit, Nicolas Sarkozy and Angela Merkel say they are in ‘total agreement’ regarding the capital needs of European banks and promise to reveal a new plan by the end of the month
ISTANBUL - Reuters
In a new special report, Fitch Ratings says that Turkish banks’ credit profiles have remained sound in 2011 despite considerable market and regulatory challenges.