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Tuesday, September 13 2011 , Your time is 15:58:00
The Turkish government plans to take a more active role in fighting inflation and will attempt to tame volatile food prices, senior economic officials said, moves designed to give the Central Bank more leeway for monetary easing
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB); Aktif Bank, the largest privately-owned Investment Bank in Turkey; and Ijara Management Company (IMC), a specialized company offering comprehensive solutions for new and existing Islamic leasing (Ijara) companies, have signed an agreement to collaborate as the new shareholders of Haliç Leasing.
ANKARA - Anadolu Agency
HSBC is not planning to leave the Turkish market, the major international lender’s Turkey CEO has said.
A law on the Istanbul Finance Center (IFC) will soon be issued, Finance Minister Naci Ağbal has said, adding that the center will offer many opportunities to attract investors
AMSTERDAM - Reuters
ING Group plans to shed 7,000 jobs and invest heavily in its digital platforms to achieve annual savings of 900 million euros ($1 billion) by 2021, the Netherlands’ largest financial services company said on Oct. 3.
The Central Bank left short-term interest rates unchanged on Oct. 20, Doğan News Agency has reported.
A senior representative from Japan Credit Rating JCR has said Turkey still preserves its investable position, opposing the general sentiment following the rating cut by Moody’s, state-run Anadolu Agency has reported.
The parity between the U.S. dollar and Turkish Lira eased slightly on Oct. 19, as expectations about a fresh rate cut by the Turkish Central Bank decreased
In a leading index of global financial centers Istanbul has fallen 12 places to 57th, mainly due to uncertainties.
The Turkish Lira hit a record low against the dollar on Oct. 13 over fears that political uncertainty could be triggered by a fresh government move to push through legislation introducing an executive presidential system
Turkey’s markets and currency were seeking recovery after shares tumbled 4 percent and bonds and the Turkish Lira weakened sharply on Sept. 26, the first trading day after Moody’s cut its credit rating to “junk,” raising risks of an outflow of foreign funds and a squeeze on external borrowing.
New specialized courts will be established to deal with financial and information technology cases, Prime Minister Binali Yıldırım has said, outlining planned reforms “to boost Turkey’s economy.”
Neşe Karanfil - ANKARA
Turkey’s Saving Deposits Insurance Fund (TMSF) has probed more than 1.6 million bank accounts so far over demands from a number public institutions wanting to learn whether any of their employees had an account with Bank Asya, seized by the state over its links with the Gülen movement