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Turkey and Brazil top priority in HSBC exodus from emerging markets

Sunday, April 19, 2015 Finance
According to the Financial Times citing sources close to the bank, Brazil and Turkey are the first nations in line from which the bank will withdraw its retail banking operations. The bank had been hit by a scandal in relation to a Swiss private bank, which helped numerous wealthy clients evade taxes, which might…

Turkey's Babacan says U.S. Fed doing better on communication

Sunday, April 19, 2015 Finance
Turkish Deputy Prime Minister Ali Babacan said on Friday the U.S. Federal Reserve was doing a better job of communicating its policy intentions, adding that doing so was important for the global economy. "I think there is a broad consensus that the Federal Reserve is doing a much better job of communicating what…

ECB: Greek default could lead to 'uncharted waters'

Sunday, April 19, 2015 Finance
Greek default next month would bring the eurozone into an unprecedented crisis, warns Governor Draghi. European Central Bank governor Mario Draghi has warned that an unprecedented crisis could arise should Greece default on debt payments that are due in May. Speaking at a press conference outside the International…

Mark Zuckerberg fights Indian criticism of Internet.org

Saturday, April 18, 2015 Internet
Facebook’s CEO refutes accusations of net neutrality violation after Indian tech companies drop out of project Following a storm of Indian critics charging Mark Zuckerberg’s Internet.org project violated net neutrality, the Facebook chief executive posted a lengthy repudiation Friday supporting his Web accessibility…

IMF, World Bank praise Turkey's G20 presidency

Saturday, April 18, 2015 Finance
IMF Managing Director Lagarde and World Bank President Kim have congratuled Turkey's 'powerful' and 'honest' G20 presidency. International Monetary Fund managing director and World Bank president have congratulated Turkey on its successful performance during its G20 term presidency. IMF Managing Director Christine…

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April 19, 2015

Turkey and Brazil top priority in HSBC exodus from emerging markets

According to the Financial Times citing sources close to the bank, Brazil and Turkey are the first nations in line from which the bank will withdraw its retail…
April 19, 2015

Turkey's Babacan says U.S. Fed doing better on communication

Turkish Deputy Prime Minister Ali Babacan said on Friday the U.S. Federal Reserve was doing a better job of communicating its policy intentions, adding that…
April 19, 2015

ECB: Greek default could lead to 'uncharted waters'

Greek default next month would bring the eurozone into an unprecedented crisis, warns Governor Draghi. European Central Bank governor Mario Draghi has warned…
April 18, 2015

Mark Zuckerberg fights Indian criticism of Internet.org

Facebook’s CEO refutes accusations of net neutrality violation after Indian tech companies drop out of project Following a storm of Indian critics charging…
April 18, 2015

IMF, World Bank praise Turkey's G20 presidency

IMF Managing Director Lagarde and World Bank President Kim have congratuled Turkey's 'powerful' and 'honest' G20 presidency. International Monetary Fund…

Turkey builds support for W20 G,group for businesswomen

April 18, 2015 in Finance
During its G20 presidency term in 2015, Turkey wants to give an official form to the W20 group to globally increase the role of women in the business world.…

Emirates Airline picks Rolls-Royce for $9.2 bln engines deal

April 18, 2015 in Enterprise
Dubai’s Emirates Airline on April 17 awarded a lucrative engines deal worth a record $9.2-billion (8.5-billion-euro) to British aircraft engine maker…

Alternative funding is what the world needs for growth

April 18, 2015 in Finance
As the chair of the G20 group, Turkey is promoting Islamic finance because it offers additional financial instruments with less uncertainty and shared risks,…

Car sales in Turkey up 42 percent in first quarter

April 17, 2015 in Automotive
ÂÂ Automobile sales in Europe rose by 8.5 percent, with close to 4 million cars sold in the first three months of 2015. Car sales in Turkey jumped 42 percent…

World Bank forecasts slower growth for Turkey

April 17, 2015 in Finance
Turkey attracted steady FDI in 2014, as growth forecast to pick up at end of this year. The World Bank revised its growth forecast for Turkey in 2015 to 3…

KPMG: International investors target Turkey

April 17, 2015 in Finance
Firm says investor interest is considerable, but some issues remain; government should establish a dialogue with business. International investors show…

Turkey: Achieving a transition to a new economy

April 17, 2015 in Finance
At Financial Times Summit on Turkish economy, experts agree that Turkish economy is being transformed, with industry moving to more knowledge-intensive…

Turkish deputy PM promotes Islamic finance at IMF meeting

April 17, 2015 in Finance
Ali Babacan says Islamic finance model offers additional financial instruments with less risk. Turkey, as the chair of G20 group, promotes Islamic finance…

Turkey, Kazakhstan aim to increase trade volume to $10 billion

April 16, 2015 in Asia
Cooperation between Turkey and Kazakhstan is significant for the stability and security of the region, Turkish President Recep Tayyip Erdoğan has said,…

'Oil for goods' makes Iran and Russia partners: Expert

April 16, 2015 in Middle East
Agreement has strategic implications for both countries, experts say. The oil-for-goods agreement makes Iran and Russia partners, said Karine Gevorgyan, an…

Italian group ‘in pole position to win Turkish Stream contracts’

April 16, 2015 in Enterprise
Italian oil services group Saipem is in constant touch with Gazprom over its plans to build the Turkish Stream pipeline and is in pole position to win…

Turkey’s foreign liabilities down in February

April 16, 2015 in Finance
Gap between Turkey’s assets abroad and liabilities hits -$402 billion in February. Turkey's overseas liabilities decreased by 4.1 percent to $634 billion in…

Turkey's nuclear waste to be re-processed in Russia

April 16, 2015 in Energy
Nuclear waste from Turkey's 1st nuclear plant, Akkuyu, will be taken to Russia to be re-used, says head of Russian Rosatom. Russia will transfer used  nuclear…

Turkish lira falls to new historic low against dollar

April 15, 2015 in Finance
Rising US dollar index sees lira drop to 2.6737 in early morning trade. The Turkish lira dipped to a new low against the greenback on Monday as the U.S. dollar…

Russia: Our main focus is to build Turkish Stream

April 15, 2015 in Asia
Gazprom says transit contract with Ukraine will not be renewed after 2019; focus will be on Turkish stream Russian Energy Minister Alexander Novak said Monday that…

Turkey and Brazil top priority in HSBC exodus from emerging markets

Turkey and Brazil top priority in HSBC exodus from emerging marketsAccording to the Financial Times citing sources close to the bank, Brazil and Turkey are the first nations in line from which the bank will withdraw its retail banking operations. The bank had been hit by a scandal in relation to a Swiss private bank, which helped numerous wealthy clients evade taxes, which might prompt it to cut bad investments from its operations.

The bank is reported to... Add a comment

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Turkey's Babacan says U.S. Fed doing better on communication

Turkey's Babacan says U.S. Fed doing better on communicationTurkish Deputy Prime Minister Ali Babacan said on Friday the U.S. Federal Reserve was doing a better job of communicating its policy intentions, adding that doing so was important for the global economy.

"I think there is a broad consensus that the Federal Reserve is doing a much better job of communicating what future policies could be," Babacan told reporters following a meeting of G20... Add a comment

Read more...

ECB: Greek default could lead to 'uncharted waters'

ECB: Greek default could lead to 'uncharted waters'Greek default next month would bring the eurozone into an unprecedented crisis, warns Governor Draghi.

European Central Bank governor Mario Draghi has warned that an unprecedented crisis could arise should Greece default on debt payments that are due in May.

Speaking at a press conference outside the International Monetary Fund (IMF) meeting in Washington late on Saturday, Draghi said... Add a comment

Read more...

Mark Zuckerberg fights Indian criticism of Internet.org

Mark Zuckerberg fights Indian criticism of Internet.orgFacebook’s CEO refutes accusations of net neutrality violation after Indian tech companies drop out of project

Following a storm of Indian critics charging Mark Zuckerberg’s Internet.org project violated net neutrality, the Facebook chief executive posted a lengthy repudiation Friday supporting his Web accessibility initiative.

Indian advocates for net neutrality argued this week that... Add a comment

Read more...

IMF, World Bank praise Turkey's G20 presidency

IMF, World Bank praise Turkey's G20 presidencyIMF Managing Director Lagarde and World Bank President Kim have congratuled Turkey's 'powerful' and 'honest' G20 presidency.

International Monetary Fund managing director and World Bank president have congratulated Turkey on its successful performance during its G20 term presidency.

IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim made the remarks Friday at the... Add a comment

Read more...

Turkey builds support for W20 G,group for businesswomen

Turkey builds support for W20 G,group for businesswomenDuring its G20 presidency term in 2015, Turkey wants to give an official form to the W20 group to globally increase the role of women in the business world.

Turkey is building support among businesswomen to form their own Woman 20 or W20 group under G20 to globally increase the role of women in the business world.

During its G20 presidency term in 2015, Turkey wants to give an official form... Add a comment

Read more...

Emirates Airline picks Rolls-Royce for $9.2 bln engines deal

Emirates Airline picks Rolls-Royce for $9.2 bln engines dealDubai’s Emirates Airline on April 17 awarded a lucrative engines deal worth a record $9.2-billion (8.5-billion-euro) to British aircraft engine maker Rolls-Royce.

“Emirates today announced an historic $9.2 billion deal with Rolls-Royce for Trent 900 engines and a long-term TotalCare package,” it said in a statement.

The engines will power 50 Airbus A380s that were ordered at the Dubai... Add a comment

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Alternative funding is what the world needs for growth

Alternative funding is what the world needs for growthAs the chair of the G20 group, Turkey is promoting Islamic finance because it offers additional financial instruments with less uncertainty and shared risks, according to the country's deputy prime minister in charge of the economy, Ali Babacan. Babacan's comments were made during a panel discussion at the annual spring meetings of the International Monetary Fund (IMF) and the World Bank in... Add a comment

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Car sales in Turkey up 42 percent in first quarter

Car Sales İn Turkey Up 42 Percent İn First Quarter 

Automobile sales in Europe rose by 8.5 percent, with close to 4 million cars sold in the first three months of 2015.

Car sales in Turkey jumped 42 percent in the first quarter, Turkey's Automotive Distributors Association said in a statement on Friday.

During the same period, Turkish automotive market sales increased by 42 percent. For the January to March period, 173,000 light... Add a comment

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World Bank forecasts slower growth for Turkey

World Bank forecasts slower growth for TurkeyTurkey attracted steady FDI in 2014, as growth forecast to pick up at end of this year.

The World Bank revised its growth forecast for Turkey in 2015 to 3 percent from 3.5 percent, the bank said in a report released on Friday.

Reduced demand pressured growth lower in 2014, the bank said, keeping growth below potential, the report noted.

"Subdued aggregate demand in the second half of 2014... Add a comment

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