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Turkish assets steady as interest rates seen on hold ISTANBUL: Turkish markets were steady on Monday with investors expecting the central bank to leave interest rates on hold on Wednesday and trading subdued by a national holiday in London. A Reuters poll of 20 banks found 13 expected the central bank to leave its main weekly repo rate at 8.25 percent on Wednesday. Six predicted a 0.25 percent cut and one expected a cut of half a percent. None saw a change in the 12 percent overnight lending rate. "In light of the deterioration in inflation expectations, we do not expect a change in interest rates this month," Odeabank said in a note. "That being said, current market pricing is implying a 25 bps rate cut," the note said. The benchmark 10-year government bond yield inched down to 9.40 percent from 9.41 percent on Friday. The lira slipped just slightly against the dollar to 2.1793 by 0729 GMT from ...

Turkish July foreign visitor arrivals up 13.5pc at 5.2mn ISTANBUL: The number of foreign visitors to Turkey rose 13.52 percent year-on-year in July to 5.215 million people, Tourism Ministry data showed on Monday. Foreign visitors in the first seven months of the year totalled 20.45 million, up 6.84 percent compared to the same period last year. Copyright Reuters, 2014 ...
French government resigns, PM Valls to form new govt Tuesday PARIS: French Prime Minister Manuel Valls presented his government's resignation on Monday, a day after Economy Minister Arnaud Montebourg called for new economic policies and questioned neighbour Germany's "obsession" with budgetary rigour. Valls was asked by President Francois Hollande to form a new team only four months ago but has continually had to reconcile policy differences between leftists such as Montebourg and more centrist members of his Socialist-led government. Hollande's office said in a statement ...
France's Hollande asks PM to form new government: presidency PARIS: France was thrown into fresh crisis on Monday after President Francois Hollande asked his prime minister to form a new government.The president ordered Prime Minister Manuel Valls to form a new cabinet "consistent with the direction he has set for the country," the presidency said in a statement. It did not give any reasons, but the move comes after Economy Minister Arnaud Montebourg spent his weekend bad-mouthing the country's economic direction and ally Germany ...
British Ebola victim flown home LONDON: A British medical worker was flown home from West Africa on Sunday after becoming the first Briton infected in an Ebola epidemic, and a separate new outbreak of the disease was detected in Democratic Republic of Congo.A specially adapted Royal Air Force cargo plane picked up the male healthcare worker in Sierra Leone on Sunday after British Foreign Secretary Philip Hammond authorised his repatriation for treatment.The Department of Health said the patient whose identity ...
Five dead after church, hospital shelled in eastern Ukraine: church KIEV: An artillery attack on a town in eastern Ukraine killed five civilians, three of whom were attending a religious service when the shell blasted through the roof of their church, the Ukrainian Orthodox Church said on Sunday."The church (in Kirovske) is completely destroyed, three people died," said a message on the church's regional website about the attack which happened on Saturday. "A shell from the same attack hit a hospital, leaving two dead," the ...
Rebels parade captured soldiers DONETSK: Pro-Russian rebels in eastern Ukraine paraded dozens of captured soldiers before a jeering crowd on Sunday in mockery of Independence Day celebrations in the capital.Ukraine's pro-Western government had sought to boost morale with an upbeat military parade to mark the country's independence from the Soviet Union in 1991. Speaking to a crowd of thousands in the iconic Independence Square, known locally as the Maidan, President Petro Poroshenko decried Russian "aggression" and said he was ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln