Turkey

Erdogan warns Turkish lenders, 'Open credit taps or we stand against you'

bne IntelliNews January 17, 2017

President's pressure is constraining the central bank’s policy choices in its struggle with rising inflation and the depreciating Turkish lira.

Bill paving way for Turkish 'strongman' presidency passes first vote in parliament

bne IntelliNews January 16, 2017

Referendum on change to the constitution looks likely in April.

Currency weakness means trouble for Turkey’s indebted private sector

bne IntelliNews January 12, 2017

As companies rush to cut their unhedged FX liabilities, economic growth could be further depressed.

Tanking Turkish lira stirs fears of economic crisis

bne IntelliNews January 11, 2017

The lira has plunged 12% against the greenback so far this year and has depreciated by nearly 30% in the past three months.

Turkish industrial production up 2.7% y/y in November

bne IntelliNews January 9, 2017

The November industrial production data will raise hopes that economic activity, which slowed in the wake of the failed coup attempt in July last year, may finally be picking up.

FINTECH: Blockchain to get its own global business council

bne IntelliNews January 9, 2017

Bitfury has announced it will launch the first ever Global Blockchain Business Council (GBBC) on the margins of Davos in January.

COLCHIS: Nato’s return on investment

Michael Cecire of New America January 6, 2017

Trump appears to have little sense of Nato’s history or purpose. It was formed not merely as a military bulwark against an aggressive Soviet Russia, but as part of a positive agenda to secure and expand a liberal, democratic space.

Inflation worries may force Turkey’s central bank to raise rates

bne IntelliNews January 5, 2017

Vicious cycle of inflation and depreciation could hurt an already slowing economy.

Turkish annual inflation soars to 8.53% in December

bne IntelliNews January 3, 2017

Given the unpromising inflation outlook and Turkey's weak currency, the question is now how the central bank will react when it meets later this month to review its interest rates.

Manhunt continues in Turkey for New Year shooter as details emerge

bne IntelliNews January 3, 2017

Turkish police are still struggling to locate the gunman who killed 39 people in a nightclub in Istanbul on January 1, but more information about the assailant is emerging.

INVISIBLE HAND: Trump’s impact on the world will be dramatic

Liam Halligan in London January 3, 2017

Donald Trump’s victory in the US presidential election is often characterized as a surprise. The rural and semi-urban swing-voters who backed him are probably also right to suspect that many of Trump’s campaign pledges won’t actually come to pass.

At least 39 people killed in Istanbul nightclub attack

bne IntelliNews January 1, 2017

Gunman shot his way into the elite Reina club and then escaped.

ISTANBUL BLOG: Central bank keeps its powder dry

bne IntelliNews December 21, 2016

Economists believe as the lira comes under further pressure the central bank will be left with no other option but to raise rates in 2017.

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