Search Results for: Turkey
Early Review: European stocks finished higher; Investors keep a close eye on news out of Turkey
August 21st, 2018
European stocks finished Monday’s session higher, as investors awaited the outcome of trade talks between the world’s two largest economies, due to take place later this week. The pan-European STOXX 600 was closed up 0.57 percent provisionally, with the ...
Deutsche Bank traders reaped $35 million on Turkey turmoil
August 16th, 2018
Deutsche Bank AG fixed-income traders generated a $35 million profit in two weeks as economic turmoil in Turkey triggered a slump in assets across emerging markets, according to people with knowledge of the matter. The traders, who work on ...
European banks exposed to Turkey’s currency crisis
August 14th, 2018
Turkey’s economic crisis poses a threat to European banks with business in the country. Spain’s BBVA, Italy’s UniCredit, France’s BNP Paribas, Dutch bank ING and Britain’s HSBC are the most exposed to Turkey and vulnerable to its free-falling currency. ...
Turkey detains ex-stock exchange workers over links to coup
May 12th, 2017
Turkey’s state-run news agency says police have detained 62 former employees of the Istanbul stock exchange over their alleged links to a U.S.-based Muslim cleric blamed for last year’s coup attempt. Anadolu Agency said the suspects were detained Friday ...
Bitcoin to withdraw from Turkey, due to failure to find bank to collaborate with
August 23rd, 2016
The electronic currency Bitcoin (BTC) has halted TL deposits into BTCTürk, which gives investors the opportunity to conduct transactions with TL/BTC conversion. After Paypal’s decision to pull out of Turkey, which resulted from failing to acquire the necessary permits, the ...
Turkish goverment shut down the largest law firm in Turkey
August 3rd, 2016
On Friday, The Turkish newspaper Hurriyet reported that YukselKarkin — the largest law firm in Turkey, which was, until December 2014, associated with DLA Piper in the country — had been raided by “armed police,” with four of the firm’s partners ...
Turkey’s tourist numbers drop 40 per cent on terrorist attacks
July 28th, 2016
The number of foreign visitors heading to Turkey plummeted in June as sun-seekers shunned the troubled country amid terrorist attacks and political instability. In total, 2.4m tourists visited Turkey in June, down 41 per cent on the same month ...
Turkey revokes the licence of a director at one of the country’s largest brokerage firms
July 28th, 2016
Turkey’s financial regulator has cancelled the licence of a research director at one of the country’s largest brokerage firms after his report on the failed July 15 coup. In a bulletin on its website, the Capital Markets Board (CMB) said the ...
Why has Turkey locked up 3,000 judges?
July 20th, 2016
Alarm at arrest of 3,000 prosecutors and judges over past three days The Çaglayan Palace of Justice in Istanbul is normally deserted in the middle of July, when court officials take their holidays and only the most urgent cases ...
Turkey coup attempt: No immediate impact on oil and gas flows, but long-term concerns raised
July 18th, 2016
A failed coup attempt launched late Friday by Turkish army officers has had little or no impact on oil and gas flows through Turkey, industry officials told Platts. Some 265 people were killed in the violence. A spokesman for ...
