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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.
ISTANBUL- Hürriyet Daily News
The global financial model fashioned on Islamic banking would ease the woes of the recent economic crisis, according to Turkish finance minister. The Islamic model is ‘more sound and reliable, says Minister Şimşek
1 Comment(s) 12/12/2011
ANKARA - Anatolia News Agency
Banking sector profits decreased by 11.7 percent in October from 2011, data say.
PARIS - The Associated Press
European banks have to raise about 115 billion euros ($154 billion) to meet a new standard meant to inoculate the lenders against market turmoil, including bad government debt, a regulator said Thursday.
ISTANBUL - Hürriyet Daily News
Turkey should not be facilitating payments to offshore accounts at the banks seized during the country’s 2001 banking crisis, according to Turkey Savings Deposit Insurance Fund (TMSF).
ROME - Agence France-Presse
The Catholic Church should pay tax on commercial property it owns in Italy, a government minister was quoted on Dec 9 as saying amid rising calls for the Vatican to share in debt crisis sacrifices.
Reports that HSBC Holding PLC is 'seriously interested' in acquiring Finansbank sent the lender’s stock prices up by 11 percent in yesterday’s morning session.
FRANKFURT - The Associated Press
Not disappointing investors, the European Central Bank has cut its main interest rate by 0.25 percentage point to a record low of 1 percent.
ISTANBUL - Anatolia News Agency
Europe’s difficulty in finding a solution to the economic crisis could benefit Turkey, according to Vedat Akgiray, the head of the Capital Markets Board (SPK).
ANKARA - Hürriyet Daily News
The Turkish Central Bank increased expectations on both year-end inflation and current account deficit yesterday, relying on a periodical expectations survey.
1 Comment(s) 12/7/2011
The value added tax (VAT) on drugs will be decreased down to 8 percent from 18 percent in a bid to end the ongoing pricising dispute...
TOKYO - Reuters
The Bank of Japan (BoJ) yesterday supplied dollars in market operations for the first time since last week’s coordinated action by the world’s top central banks aimed at giving banks easier access to the greenback as...
The Istanbul Stock Exchange may turn into a joint stock company by the end of next year, according to Hüseyin Erkan, the chairman of the bourse.