Turkish police detain hundreds of protesting airport workers

By Irem Koca and Yesim Dikmen ISTANBUL, Sept 15 : Turkish police have detained hundreds of workers protesting over labour conditions at Istanbul’s new airport, a giant project championed by President Tayyip Erdogan and due to open next month, a union leader said on Saturday. The protest broke out after a shuttle bus accident on […]

Turkey to freeze new government projects, Erdogan says

By Humeyra Pamuk and Daren Butler ISTANBUL, Sept 14 : Turkey is freezing new government investment projects, President Tayyip Erdogan said on Friday, to rein in spending and stem double-digit inflation after a 15-year construction boom fuelled by debt. His comments, a day after the central bank hiked interest rates by a mammoth 6.25 percentage […]

Turkey talking to all sides in Syria conflict for Idlib ceasefire -minister

By Humeyra Pamuk and Tom Perry ISTANBUL/BEIRUT, Sept 14 : Turkey said on Friday it was talking to all parties in the Syrian conflict to prevent a government offensive on Idlib ahead of talks between Russian and Turkish leaders, who support rival sides in the looming battle for the rebel-held region. Ankara failed last week […]

Turkish markets rally after rate hike; Russia’s move next?

By Marc Jones LONDON, Sept 14 : Emerging markets made a strong finish to the week, as shares enjoyed a third day of gains and Turkey’s lira headed for its second best week since 2009 after the central bank hiked rates decisively. There were still plenty of troublespots. Argentina’s peso was pounded 3 percent overnight […]

Turkish central bank raises rates sharply, boosts lira

By Daren Butler and Ece Toksabay ISTANBUL, Sept 13 : Turkey’s central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan’s 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. The bank’s Monetary Policy Committee raised […]

Turkish central bank raises rates sharply, boosts lira

By Daren Butler and Ece Toksabay ISTANBUL, Sept 13 : Turkey’s central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan’s 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. The bank’s Monetary Policy Committee raised […]