Smart money runs first Even by the turbulent standards of emerging markets, the past week was a master class in how quickly capital can... Updated 27 Mar, 2025 05:50am
Markets Australian dollar dragged by soft jobs data, kiwi fails to get GDP boost SYDNEY: The Australian dollar fell on Thursday after a soft jobs report narrowed the odds of a rate cut in May,... Published 20 Mar, 2025 10:09am
Markets Dollar wobbles as Fed soothes market nerves with rate cut projection SINGAPORE: The dollar was softer on Thursday after the Federal Reserve indicated interest rate cuts were likely... Published 20 Mar, 2025 10:08am
World Turkiye detains Erdogan’s main rival in what opposition calls ‘coup’ ISTANBUL: Turkiye authorities detained President Tayyip Erdogan’s main political rival on Wednesday on charges... Published 19 Mar, 2025 03:09pm
Markets Turkiye lira plunges to record low after Erdogan rival detained ISTANBUL: Turkiye lira fell 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and... Published 19 Mar, 2025 03:04pm
Markets Turkiye lira hits fresh record low against dollar ISTANBUL: Turkiye lira touched a new all-time low of 33.0450 to the US dollar on Friday, despite a period of... Updated 12 Jul, 2024 10:46pm
Business & Finance Turkiye inflation up near 70%, highest since 2022 ISTANBUL: Turkiye annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit... Published 03 May, 2024 01:33pm
Business & Finance Turkiye hikes rates to 45%, says done tightening policy ISTANBUL: Turkiye’s central bank completed its aggressive tightening cycle with a 250 basis-point interest rate hike... Published 25 Jan, 2024 05:54pm
Business & Finance Turkiye 2023 budget deficit 1.37 trillion lira ISTANBUL: The Turkiye budget showed a deficit of 1.375 trillion lira ($45.7 billion) in 2023, with the primary... Published 15 Jan, 2024 03:15pm
Business & Finance Turkiye central bank ready to take action if needed ANKARA: Turkiye central bank Governor Hafize Gaye Erkan said at an investor meeting late last week that the bank is... Published 15 Jan, 2024 10:14am
Markets Turkiye lira hits 30 vs dollar milestone after years-long slide ISTANBUL: The Turkiye lira hit a new record low beyond 30 to the dollar on Thursday after losing more than a third... Published 11 Jan, 2024 02:08pm
Markets Turkiye lira hits record low 29 versus dollar ISTANBUL: Turkiye lira touched a new all-time low of 29 to the dollar on Monday and it is down 35% so far this year... Published 11 Dec, 2023 01:09pm
Markets Turkiye lira weakens to new record low vs dollar ANKARA: The Turkiye lira weakened to a record low beyond 27.236 against the US dollar on Tuesday, due to... Published 26 Sep, 2023 02:04pm
Markets Turkiye expected to hike interest rate to 20-year high ISTANBUL: Turkiye’s central bank was expected Thursday to dramatically raise its key interest rate for the second... Published 21 Sep, 2023 11:20am
Markets Turkiye lira dips 1.3% to near record low after central bank moves ISTANBUL: The Turkish lira weakened early on Monday, nearing last week’s record low after the central bank took... Published 26 Jun, 2023 01:14pm
Markets Most Asian FX weaken on dollar strength, eyes on Fed moves Most Asian currencies weakened against a strong dollar on Monday, even though indications of an easing US labour... Published 05 Jun, 2023 11:27am
Markets Turkish lira slides past 21 per dollar after appointment of finance minister SINGAPORE: Turkiye lira slid almost 1% on Monday to weaken past 21 per dollar, in a shaky initial reaction to the... Published 05 Jun, 2023 09:08am
Markets Lira slides, dollar bonds tumble as presidential runoff looms LONDON: Turkiye lira held near a two-month low, its sovereign dollar bonds tumbled and the cost of insuring exposure... Published 15 May, 2023 12:30pm