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Tuesday, September 13 2011 , Your time is 15:58:00
Global Finance magazine has lowered the rank of Turkish Central Bank Governor Erdem Başçı from B+ to C, ranking him as one of the worst performers this year.
Industrial production in Turkey exceeded estimates in August, driven largely by a sharp increase in durable goods production, according to data from the Turkish Statistical Institute (TÜİK) released on Oct. 8
TOKYO - Agence France-Presse
Japanese Prime Minister Shinzo Abe hailed a deal to create the world's largest free trade area Oct. 6 as the start of a "new century" for Asia, and expressed hope China might one day join the historic accord.
ISTANBUL - Reuters
Rating agency Standard & Poor’s on Oct. 7 marginally raised its forecast for Turkey’s economic growth this year to 3.1 percent from 3, but was more cautious for 2016, cutting its expectations to 2.8 percent from a previous 3.2
TEHRAN - Agence France-Presse
Four Iranian government ministers have broken ranks to warn of a possible economic crisis because of the plunge in prices of oil and other commodities, underlining the country’s patchy recovery.
Sefer Levent - ISTANBUL
High political ambitions should not put Turkey’s future into danger and businesspeople who enable the country to progress should no longer be hindered, according to the head of Turkey’s top business organization
ISTANBUL - Anadolu Agency
Structural reforms in Turkey are essential if the country wishes to stimulate the economy, according to the secretary-general of the Organization for Economic Co-operation and Development (OECD)
The International Monetary Fund (IMF) has trimmed its expected global growth forecasts for 2015 and 2016 again, warning that downside risks to the global economy would appear due to the weaker prospects for emerging market economies and oil-exporting countries.
Turkey’s annual consumer inflation rate rose above estimates to 7.95 percent in September, data showed on Oct. 5, increasing concerns about the economic outlook ahead of a Nov. 1 election.
The number of people in Turkey opting to save in gold has doubled over the last three years to around 25 percent of the population, although 42 percent of Turkish citizens still do not save at all, according to a new survey.
LUXEMBOURG - Agence France-Presse
Eurozone finance ministers on Oct.4 meet for the first time since Greek voters re-elected leftist premier Alexis Tsipras, who now faces the daunting task of implementing the country's cash-for-reforms bailout deal.
ATLANTA - Agence France-Presse
Twelve Pacific rim countries sealed the deal early Oct. 5 on creating the world's largest free trade area, delivering President Barack Obama a major policy triumph.
Some 45 percent of Turkish deposits has now been converted into foreign currencies. The concern is for this to rise in a ‘dollarization panic.’ When risks increase,the foreign currency trend accelerates.
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