Sub Categories:/» Homepage/» ECONOMY/» BUSINESS
Tuesday, September 13 2011 , Your time is 15:58:00
Garanti Bank, one of Turkey’s biggest private lenders, announced on Sept. 19 that its board chairman Ferit Şahenk had resigned.
Nerdun Hacıoğlu – MOSCOW
The Russian authorities have carried out a search at the St. Petersburg headquarters of Renaissance Construction, a large-scale Turkish contractor, seizing computers and other accounting documents.
Austrian packaging firm Hamburger Containerboard GmbH is set to invest 300 million euros in a paper production plant in the western province of Kütahya.
Scandinavian Telia AB has sold about 1.78 billion Turkish liras ($508 million) worth of stock in Turkey’s largest mobile operator, Turkcell İletişim, in order to focus on its operations in the
Retailer Toys “R” Us has filed for Chapter 11 bankruptcy protection in a U.S. court, the company said, amid heavy debt and a tough environment for bricks and mortar stores.
BERLIN – Agence France-Presse
German heavy industry giant ThyssenKrupp and Indian group Tata agreed Wednesday to merge their steel operations in Europe, taking second place in the continent’s market behind ArcelorMittal.
Ford Motor and India’s Mahindra Group have announced they will work together in a fresh partnership as the U.S. giant looks to boost its presence in one of the world’s fastest growing auto markets.
SYDNEY – Agence France-Presse
An Australian court dealt on Sept. 20 a blow to a planned Aus$8.6 billion ($6.9 billion) merger of gambling giants Tabcorp and Tatts, ordering a review of the deal following competition concerns.
DOHA – Agence France Presse
Qatar has signed an agreement to buy 24 Typhoon fighter jets from Britain, a second major defense deal signed by Doha during its lengthening diplomatic dispute with its neighbors.
İZMİR – Anadolu Agency
The volume of Turkey’s natural stone sales to China reached 625 million dollars in the first eight months of the year with a 38 percent jump since the same period in 2016, standing at more than one third of the overall exports to Asia’s giant economy.
The Turkish Treasury will issue two types of bonds to attract 2,200 tons of gold stashed under mattresses into the economy, which has a market value of around 300 billion Turkish Liras, Deputy Prime Minister Mehmet Şimşek has said.
BEIJING - Agence France-Presse
European companies suffer from “promise fatigue” over China’s failure to follow through on pledges to open its market, the EU Chamber of Commerce in China said on Sept. 19.
RANKFURT AM MAIN
Inflation in the eurozone will slump in early 2018, the European Central Bank forecast on Sept. 18, but return to an upward path towards its target later in the year.