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China invokes 'cabbage tactics' in South China Sea

Friday, March 27, 2015 Asia
China is conducting 'cabbage' or a militarily overwhelming strategy and 'salami-slicing' - insidious land-grabbing tactics to strengthen its power in the South China Sea China is following a long-term strategy with its so called "Cabbage Tactic" to increase its power in the South China Sea, said an expert from China's…

Turkey, Poland hope to double trade volume to $6 billion

Friday, March 27, 2015 Expert Advice
Turkey and Poland have the potential to double bilateral trade to $6 billion, Turkish Foreign Minister Cavusoglu says. Addressing the media at a gala dinner held in honor of visiting Polish Foreign Minister Grzegorz Schetyna, Cavusoglu said: "Poland is a country where our bilateral trade volume has increased without…

Turkey’s economic policy post polls bears risk: Fitch

Friday, March 27, 2015 Enterprise
Dependence on external financing to narrow its current account deficit and geopolitical risks surrounding it are other factors affecting Turkey. The new Turkish government's economic policy following the upcoming June elections may bear risk over the country's credit ratings, International credit rating agency Fitch's…

Turkish PM stresses focus on missile, space technology

Friday, March 27, 2015 Enterprise
Prime Minister Ahmet Davutoglu has said Turkey's military power hinges on locally produced technology. "If we want to guarantee our perpetuity, especially in the next 100 years, we have to make necessary investments in missile and space technology and have major world-class infrastructures in these two sectors,"…

Greek statistics chief accused of inflating deficit

Friday, March 27, 2015 Europe
Dispute over statistics could damage Greece's bailout negotiations with European creditors. Greece's statistics chief has been accused of inflating figures after Greece missed a deadline for it to provide its historic deficit statistics to the EU. Observers fear the allegation has provided additional reasons for…

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March 27, 2015

China invokes 'cabbage tactics' in South China Sea

China is conducting 'cabbage' or a militarily overwhelming strategy and 'salami-slicing' - insidious land-grabbing tactics to strengthen its power in the South…
March 27, 2015

Turkey, Poland hope to double trade volume to $6 billion

Turkey and Poland have the potential to double bilateral trade to $6 billion, Turkish Foreign Minister Cavusoglu says. Addressing the media at a gala dinner…
March 27, 2015

Turkey’s economic policy post polls bears risk: Fitch

Dependence on external financing to narrow its current account deficit and geopolitical risks surrounding it are other factors affecting Turkey. The new…
March 27, 2015

Turkish PM stresses focus on missile, space technology

Prime Minister Ahmet Davutoglu has said Turkey's military power hinges on locally produced technology. "If we want to guarantee our perpetuity, especially in…
March 27, 2015

Greek statistics chief accused of inflating deficit

Dispute over statistics could damage Greece's bailout negotiations with European creditors. Greece's statistics chief has been accused of inflating figures…

From boardroom to baby room: how Mona Ataya is building the UAE's one-stop shop for mothers

March 26, 2015 in Europe
Greek demand for return of 1.2 billion euros ($1.32 billion) in cash taken from its bank rescue fund is denied. The Greek government is now under severe…

Eurozone sees fastest growth in four years: Report

March 26, 2015 in Europe
The Eurozone PMI reaches 46-month high in March with upturn in business activity fueled by rise in orders, report says The Eurozone is seeing broad-based…

Turkey: House sales up 15% in February

March 26, 2015 in Real Estate
In overall sales, Istanbul has maintained its top spot with almost 19 percent of sales. Homes sales in February were up over 15 percent, the Turkish…

Turkey's economy grew 2.3 pc in Q4: economists

March 26, 2015 in Finance
Economists predict growth of 3.3 percent for 2015 Turkish economists say the country's economy grew by 2.3 percent in the last quarter of 2014 and 2.7 percent…

France: Manufacturing output slowed in March

March 26, 2015 in Europe
Purchasing Managers' Index is off three-year high in February New research released on Tuesday has revealed signs of a slowdown in the French economy as…

Turkey, Poland to boost trade volume, says envoy

March 25, 2015 in Expert Advice
Polish Ambassador explains that good organization enabled Poland to overcome the financial crisis Poland and Turkey will seek to improve relations during the…

Turkey's natural gas imports reach record levels

March 25, 2015 in Energy
Turkey's natural gas imports were over 5 billion cubic meters in December, according to Turkey's energy watchdog Imports of natural gas increased 0.8 percent…

US dollar at three-week low against Turkish lira

March 25, 2015 in Money
Delayed interest rate hikes in U.S. result in dollar fall against lira. The U.S. dollar hit a three-week low Monday against the Turkish lira following a…

ECB governor: Greece and creditors need clear dialogue

March 25, 2015 in Europe
Speaking to the European Parliament, Draghi says 'we're not blackmailing Greece'. European Central Bank Governor Mario Draghi has stated that a "process for…

Fitch Ratings: Current environment is favorable to Turkey

March 25, 2015 in Enterprise
Fitch Ratings Senior Director Paul Rawkins says low oil prices and ample liquidity are good for the Turkish economy. The current global economic environment is…

Turkey urges G20 states to act to reduce poverty

March 24, 2015 in Finance
'It is time for G20 states to turn their words into actions,' says Turkish Minister of Labour and Social Security Faruk Celik. Turkish Minister of Labour and…

Deadline looms for Turks seeking Russian nuclear study

March 24, 2015 in Energy
Applications to allow 80 Turkish students to study in Russia set to close. The application due date for 80 Turkish students to study nuclear education program…

Chinese firm to take over Italian tire company Pirelli

March 24, 2015 in Asia
Move raises fears over foreign ownership of key companies in Italy. Chinese firm Chem China is to buy a controlling stake in the iconic Italian auto tire…

Obama seeks foreign investment as US economy grows

March 24, 2015 in America
"America is proudly open for business," the American president said. President Barack Obama appealed to more than 2,600 investors and business executives…

Turkey: Telecom and IT spending on the rise

March 24, 2015 in Expert Advice
Investment in new 4G network will help boost Turkish IT sector, analysts say Industry analysts forecast that telecommunications and information technology…

China invokes 'cabbage tactics' in South China Sea

China invokes 'cabbage tactics' in South China SeaChina is conducting 'cabbage' or a militarily overwhelming strategy and 'salami-slicing' - insidious land-grabbing tactics to strengthen its power in the South China Sea

China is following a long-term strategy with its so called "Cabbage Tactic" to increase its power in the South China Sea, said an expert from China's Xi’an Jiaotong-Liverpool University, on Tuesday.

"At a strategic level... Add a comment

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Turkey, Poland hope to double trade volume to $6 billion

Turkey, Poland hope to double trade volume to $6 billionTurkey and Poland have the potential to double bilateral trade to $6 billion, Turkish Foreign Minister Cavusoglu says.

Addressing the media at a gala dinner held in honor of visiting Polish Foreign Minister Grzegorz Schetyna, Cavusoglu said: "Poland is a country where our bilateral trade volume has increased without break."

He said Turkey wanted an increase in the volume of mutual... Add a comment

Read more...

Turkey’s economic policy post polls bears risk: Fitch

Turkey’s economic policy post polls bears risk: FitchDependence on external financing to narrow its current account deficit and geopolitical risks surrounding it are other factors affecting Turkey.

The new Turkish government's economic policy following the upcoming June elections may bear risk over the country's credit ratings, International credit rating agency Fitch's senior director said Tuesday.

Addressing a teleconference on the Turkish... Add a comment

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Turkish PM stresses focus on missile, space technology

Turkish PM stresses focus on missile, space technologyPrime Minister Ahmet Davutoglu has said Turkey's military power hinges on locally produced technology.

"If we want to guarantee our perpetuity, especially in the next 100 years, we have to make necessary investments in missile and space technology and have major world-class infrastructures in these two sectors," Davutoglu said Tuesday.

He made the remarks at the inauguration ceremony of the... Add a comment

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Greek statistics chief accused of inflating deficit

Greek statistics chief accused of inflating deficitDispute over statistics could damage Greece's bailout negotiations with European creditors.

Greece's statistics chief has been accused of inflating figures after Greece missed a deadline for it to provide its historic deficit statistics to the EU.

Observers fear the allegation has provided additional reasons for creditors to mistrust the country and will add to Greece’s woes as it pursues... Add a comment

Read more...

From boardroom to baby room: how Mona Ataya is building the UAE's one-stop shop for mothers

From boardroom to baby room: how Mona Ataya is building the UAE's one-stop shop for mothersGreek demand for return of 1.2 billion euros ($1.32 billion) in cash taken from its bank rescue fund is denied.

The Greek government is now under severe pressure to obtain bailout funds, as its demand for cash from one of its European creditors was refused late on Wednesday.

Greece had asked the European Financial Stability Facility, one of its creditors, to return €1.2 billion ($1.32... Add a comment

Read more...

Eurozone sees fastest growth in four years: Report

Eurozone sees fastest growth in four years: ReportThe Eurozone PMI reaches 46-month high in March with upturn in business activity fueled by rise in orders, report says

The Eurozone is seeing broad-based growth in its business activity -- the fastest in four years -- the Markit Eurozone Composite Purchasing Managers' Index has reported.

 Eurozone PMI was at a 46-month high at 54.1 in March from 53.3 in February as an upturn in business... Add a comment

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Turkey: House sales up 15% in February

Turkey: House sales up 15% in FebruaryIn overall sales, Istanbul has maintained its top spot with almost 19 percent of sales.

Homes sales in February were up over 15 percent, the Turkish Statistical Institute said in a statement on Tuesday.

The surge came after a drop of 1.7 percent in January.

Housing sales in Turkey surged nationwide in February after a decrease of 1.7 percent in January,

According to the institute’s... Add a comment

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Turkey's economy grew 2.3 pc in Q4: economists

Turkey's economy grew 2.3 pc in Q4: economistsEconomists predict growth of 3.3 percent for 2015

Turkish economists say the country's economy grew by 2.3 percent in the last quarter of 2014 and 2.7 percent in the year overall.

The highest economic growth percentage predicted for Q4 2014 among the economists, who took part in Anadolu Agency's Growth Expectation Survey released on Tuesday, was 3.8 percent while the lowest was 1.2... Add a comment

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France: Manufacturing output slowed in March

France: Manufacturing output slowed in MarchPurchasing Managers' Index is off three-year high in February

New research released on Tuesday has revealed signs of a slowdown in the French economy as manufacturing output fell back.

The Markit France Composite Purchasing Managers' Index also showed that services activity remained "solid, albeit slower than in February."

The March Flash PMI reading was down to 51.7 from 52.2 in February... Add a comment

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