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Tuesday, September 13 2011 , Your time is 15:58:00
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.
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.
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.
BERLIN – Reuters
The head of the European Parliament told a group of German regional newspapers that the emissions scandal at Volkswagen (VW) would hit the German economy hard but Europe’s biggest carmaker was likely to survive the crisis.
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.
ISTANBUL - Anadolu Agency
The Paris-based Organization for Economic Co-operation and Development (OECD) is ready to help European countries deal with the refugee crisis, a senior Turkish diplomat has told 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)
As fresh water comes closer to the Turkish Republic of Northern Cyprus (TRNC) from the Turkish province of Mersin through the Northern Cyprus Water Supply project for a first time, a crisis has erupted over which authority will manage the pipeline.
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.
Neşe Karanfil - ANKARA
The Turkish Central Bank’s gross foreign currency reserves have decreased to below $100 billion for the first time since 2012
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.
Negotiations on the ambitious Trans-Pacific Partnership were to go into overtime on Oct.2 as top trade officials from 12 countries strained to craft a deal that would create the world's largest free trade zone.
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