News Turkey: Can Bitcoin Benefit From Trump Firing Powell? Turkey's Lira Crisis May Provide Clues
President Donald Trump's reported plans to fire Federal Reserve Chairman Jerome Powell could accelerate the ongoing sell-off in USD and BTC adoption. Turkey's President Recep Erdogan's experience with ...
News Turkey: Smaller Turkey for Bitcoin Holders as Holiday Price Comes In Lower Year Over Year
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News Turkey: 'Turkey's Uber' Joins Strategy, Tesla As Bitcoin Treasury Company
Martı, Turkey's leading ride-hailing platform, has committed 20% of its cash reserves to crypto assets, starting with Bitcoin (CRYPTO: BTC), CEO Oğuz Alper Öktem announced on Wedjesday. The move positions Martı among a growing list of global companies incorporating digital assets into their treasury management strategies. "We view digital assets as a long-term store of value," Öktem said. "Our aim is to preserve the purchasing power of cash that is not allocated to operational spending." He also
News Turkey: Turkey's central bank surprises with 350-basis-point rate hike
Turkey's central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%. It comes after annual inflation in Turkey came in at 38.1% in ...
News Turkey: Former Central Bank Governor of Turkey, Murat Uysal, Joins CoinTR Exchange
Istanbul, Turkey--(Newsfile Corp. - January 18, 2024) - CoinTR, is pleased to announce that former Governor of the Central Bank of Turkey, Murat Uysal, has officially joined the company's board of directors, effective immediately. Murat Uysal served as Deputy Governor of the Central Bank of the Republic of Turkey from 2016 and later assumed the role of Governor in 2019, making outstanding contributions to Turkey's monetary policy and financial stability during his tenure.Murat UysalTo ...
News Turkey: Turkey’s inflation problem is so severe the central bank just hiked interest rates to 50%, months after it said it was done raising rates
“The decision to respond so quickly...is clearly a very encouraging signal for the policy shift and should help to maintain investor confidence,” Capital Economics’ Liam Perch wrote in a Thursday note.
News Turkey: Global watchdog FATF puts Turkey on notice over Hamas terror financing, money laundering, Iran sanctions
While the government of President Recep Tayyip Erdogan has highlighted Turkey’s improved technical compliance in the latest assessment by the Financial Action Task Force (FATF), the global ...
News Turkey: Turkey’s fund scandal exposes Finland ties to Erdogan’s inner circle
Turkey’s growing investment fund scandal has opened a new line of inquiry stretching from the country’s financial markets to Finland. The investigation has drawn attention to the business activities ...
News Turkey: Turkey's stock market scandal hits half a million investors
Asset managers are alleged to have artificially inflated the value of their funds. Turkish authorities have made multiple arrests, and a leading AKP lawmakers has resigned.
News Turkey: Turkey sees opportunity as Trump's tariffs upset the global economic order
As the dust settled on President Donald Trump’s tariffs, business figures and economists in Turkey have begun to glimpse a silver lining to the economic storm clouds. Turkey was hit with a baseline 10% tariff in Trump’s announcement last week, compared with higher tariffs for many other countries, raising the prospect that the world’s 17th largest economy could leverage an advantage from the tariff regime. Finance Minister Mehmet Simsek said Monday that the country’s focus on domestic demand rather than exports would mean a more limited impact on the economy.
News Turkey: Turkey's economic confidence rises to 39-month high
Turkey's economic confidence rose further in September to its highest level in more than three years, survey results from the Turkish Statistical Institute in Ankara, the country's statistics agency, showed on Tuesday. The economic sentiment index rose to 101.
News Turkey: How to save on Thanksgiving travel with your credit card
Holiday travel is more expensive this year, but with the right card (and smart planning), you can keep costs down.
News Turkey: Turkey’s Coca-Cola İçecek secures four sustainability-focused loans
Coca-Cola İçecek (CCI) has secured four loans from the International Finance Corporation (IFC) to support its ESG efforts in four countries. The loans, totalling $250m, will be used on projects at CCI ...
News Turkey: Erdogan’s quiet squeeze: Turkey just closed a key Iranian financial channel
Analysis: Behind Ankara’s fiery anti-Israel rhetoric lies cold economic reality: facing expanding American secondary sanctions, Turkish financial regulators quietly shut down a major Iranian state banking node in Istanbul
News Turkey: Inside Turkey's stock market scandal as authorities rush to contain fallout
Turkey's Stock Market: Turkey has frozen trading in funds and ordered 130 funds to be liquidated after a market sell-off; the central bank has also stepped in with more lira liquidity to limit further fallout
News Turkey: Turkey tightens hedge fund rules amid concerns over market manipulation
Investing.com -- Turkey’s markets regulator tightened rules governing hedge funds on Saturday, introducing limits on concentrated investments and related-party exposure amid concerns over unusual market returns, Bloomberg reported.
News Turkey: Eastern Libya Set to Approve Turkey’s Mediterranean Gas Exploration Deal
Turkey is poised to strengthen its exploration rights in the Mediterranean region. Reports have emerged that Libya’s eastern-based government is likely to approve a 2019 maritime pact, which allows ...
News Turkey: S&P Global Commodity Insights Launches Weekly Platts Cement Price Assessments for Turkey and Associated Freight to Europe and North America
Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the metals, commodities, energy and energy transition markets, today announced the launch of a pioneering suite of cement and cement clinker price assessments, marking a first in the market.
