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Tuesday, September 13 2011 , Your time is 15:58:00
The U.S. dollar opened the day under 2.9 Turkish Liras on Oct. 9 and declined to around 2.89 liras, the lowest level in the last 1.5 months, as the U.S. Federal Reserve (Fed) gave signals that it would wait further before raising interest rates
ISTANBUL – Anadolu Agency
Borsa Istanbul has become a hub for companies that generated more than $100 billion in profits between 2010 and 2014, its CEO said during the opening speech of the second International Borsa Istanbul Finance and Economics Conference on Oct. 1
ANKARA - Reuters
The Turkish Lira plumbed to new record lows on Sept. 14, while the cost of insuring exposure to Turkish debt hit a three-year high, as security fears and deepening political uncertainty continued to weigh on investor sentiment, while other emerging market assets edged up before a Federal Reserve (Fed) meeting that may raise U.S. interest rates this week
Garanti Bank became the only Turkish company to qualify for the Dow Jones Sustainability Emerging Markets Index, according to the Turkish lender owned by Spain’s BBVA
The volume of bad check transactions in value rose by 49 percent in the first eight months of the year compared to the same period of 2014, according to data released by the Risk Center of the Banks Association of Turkey on Sept. 14.
ANKARA – Anadolu Agency
The Turkish Lira dropped to 3.0687 against the dollar on Sept. 29, as political uncertainty ahead of elections weighed on trader sentiment
FRANKFURT - Reuters
The U.S. Federal Reserve takes center stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland
ABIDJAN – Anadolu Agency
Islamic finance, which shuns the use of interest on loans, is relatively rare in West Africa, where over 90 percent of the total population is Muslim.
The trading of Turkish equity index derivatives products on the London Stock Exchange Derivatives Market will start on Sept. 14, the London Stock Exchange Group (LSEG) has said following a partnership agreement signed between the LSEG and Borsa Istanbul earlier this year.
MOSCOW - Reuters
Russia’s central bank saw a rise in suspect securities trades involving large banks in 2014, but the banks themselves stopped the trades after discussions with the regulator, a senior central bank official said on Sept. 23.
ANKARA - Anadolu Agency
Bank of China will seek approval to expand its operations in Turkey, highlighting efforts by the two countries to boost business ties, according to sources familiar with negotiations
LONDON - Reuters
London has regained its crown as the world’s leading financial center, according to a survey of industry professionals on Sept. 23, benefiting from the clear election victory by the Conservative party to overtake New York.
ISTANBUL - Anadolu Agency
The chairman of Turkey’s main stock exchange, Borsa Istanbul, said the term “Islamic finance” should be changed to “Finance of Islam,” as the income inequality problem could be solved through an interest-free Islamic finance model
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