Turkish lira

Social media celebrity faces 7 years in prison for throwing Turkish lira down the toilet in video

Turkish prosecutors are seeking a prison sentence of more than seven years for a social media celebrity who was briefly detained in late October after posting a video on Instagram in which she flushed 100 TL ($5.37) down the toilet, l Demirören news agency (DHA) reported on Friday. “People throw …

Read More »

Why is it cheaper to have a hair transplant in Turkey?

Post views: 138 The term “hair transplant” refers to the surgical process in which a dermatologist moves hair from an area called the “donor area”, which is usually the back of the head with a high concentration of hair, to an area called a “recipient site”, which is usually a …

Read More »

FTX Regional Crypto Exchanges Slowly Reopening Withdrawals

FTX Japan said it resumed yen withdrawals after Japan’s regulator, the Financial Services Agency (FSA), raised concerns about the health of the crypto exchange. Elsewhere, FTX Turkey said it was working on sending all Turkish lira balances to its customers. FTX Japan made the announcement in a short statement on …

Read More »

Hepsiburada faces delisting threat (NASDAQ:HEPS)

FG Trade/E+ via Getty Images D-Market (HEPS), known as Hepsiburada, has been struggling since its IPO in July 2021. After the successful IPO and a month of trading above the listing price, the stock began its fall . Despite management’s prior promises, the Turkish e-commerce giant’s financial headwinds Carry on. …

Read More »

Top 10 destinations where your US dollar will go the furthest in 2023

Share the article Last update 4 hours ago This year, we have witnessed a particular financial phenomenon. The US dollar has strengthened and strengthened in times of inflation against other world currencies which continue to decline. There are currently very favorable circumstances for American travelers who prefer international destinations. Many …

Read More »

Sterling rallies and bond yields fall as Rishi Sunak closes in on Downing Street

The U.S. dollar weathered another suspected outburst from Japanese intervention to push the yen higher on Monday, as most stock markets rallied on mere suspicion of a possible slowdown in U.S. rate hikes. United. The Dollar started off in a bullish mood with a rush to 149.70 Yen, before suddenly …

Read More »

Turkey’s Erdogan to meet Swedish Prime Minister Kristersson to discuss extraditions and NATO bid

Sweden and Finland, another Nordic country, launched their candidacy to join NATO in May in response to Russia’s invasion of Ukraine, but faced objections from Turkey. Ankara accuses them of harboring people it considers terrorists, namely Kurdish militants and people accused of taking part in a coup attempt in 2016. …

Read More »

Government increases energy subsidies by 80 percent

On the technical side, the Turkish lira recorded slight variations against the dollar. Advertising Today’s USD/TRY recommendation Risk 0.50%. Best buy entry points Entering a long position with a pending order from levels of 18.50 Set a stop-loss point to close below the support level of 18.35. Move the stop …

Read More »

Greek Cypriot expenditure to support the occupied Turkish Cypriot side

NICOSIA – As politicians on both sides argue over how – or if – to reunite the island divided by two illegal Turkish invasions in 1974 that saw the northern third occupied since then, Greek Cypriots visiting the other side are spending so much over there that it helps the …

Read More »

The Turkish Way – OpEd – Eurasia Review

By Doug French* The the wall street journal reported on September 22 that Turkey’s central bank had cut that country’s benchmark interest rate to 12% from 13%, pushing the Turkish lira down as much as 0.4% against the dollar to a new all-time high after the decision. One US dollar …

Read More »

Fiat Currency Should Be Backed By Bitcoin, Not Gold

Adam Back champions the cause for the Swiss Franc (CHF) to be backed by Bitcoin. Inflation and struggling fiat currencies are forcing investors into bitcoin. Famous bitcoin enthusiast and inventor of HashCash, Adam Back, has suggested that it’s time to hold a referendum for bitcoin to become the Swiss franc …

Read More »

Turkey’s intelligence agency has escaped audit and is hiding its spending under a new veil of secrecy

Abdullah Bozkurt/Stockholm In yet another blow to transparency in Turkey’s governance, President Recep Tayyip Erdoğan’s government has blocked the intelligence agency, a key institution it has increasingly relied on to govern, from submitting a expense report, thus hampering the audit of the agency. . For the first time, Turkey’s National …

Read More »

Forex markets are about to learn a lesson by defying economic gravity

This spring, just after Russia invaded Ukraine, the Institute of International Finance in Washington made a bold and idiosyncratic prediction: the euro was about to weaken dramatically against its $1.11 level because the region was heading into a current account deficit. Few investors agreed. Data from the Commodity Futures Trading …

Read More »

Richard Prebble: Rising interest rates in the United States caused the New Zealand dollar to fall

More pain ahead: Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington. Photo/AP OPINION: First, the good news: the ANZ Truckometer uses traffic volume data to give an accurate measure of the economy. The latest report states: “The light traffic index …

Read More »

Mike Novogratz Says Bitcoin’s Case “Plays Every Day” As Price Plunges

Alex Dovbnya Mike Novogratz continues to see a strong bullish case for Bitcoin as many fiat currencies continue to lose value against the US Dollar After Bitcoin Fails to Act as an Inflation Hedge, Proponents Struggle to Find another storybut Galaxy Digital CEO Mike Novogratz insists the case for the …

Read More »

FULLER HB CO Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

Insight The Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") should be read in conjunction with the MD&A included in our Annual Report on Form 10-K for the year ended November 27, 2021 for important background information related to our business. Net revenue in the third …

Read More »

The man behind the mustache

Jules Rimmer worked in investment banking for 32 years, primarily in emerging markets. He is now a freelance journalist. A crisis is temporary in nature, but the Turks redefine the term to incorporate a sense of permanence. Turkoparalysis perfectly encapsulates investors’ sense of frenetic but immobile economic activity. For years, …

Read More »

Global central banks expected to hike rates this week

Yahoo Finance’s Jared Blikre breaks down Wall Street’s expectations for upcoming central bank policy changes. Video transcript [AUDIO LOGO] – The Fed is the only game in town this week, but it’s worth remembering that nearly 90 central banks have raised rates this year, many by 75 basis points each. …

Read More »

Global economy weakens amid battling inflation, war and pandemic

Stubbornly high inflation has raised fears on Wall Street that the Federal Reserve will react by raising interest rates until the United States slips into recession, dragging with it a weakening global economy. As analysts say the US economy grew in the third quarter, signs of trouble are mounting, both …

Read More »

Turkey’s ‘Darwinian’ companies overcome 80% inflation

As Western businesses reel from the highest inflation in decades, many of their Turkish counterparts, who are facing a rate almost 10 times higher, are taking it in their stride. The country has suffered a succession of crises in recent years, but the economy continues to grow, buoyed by a …

Read More »

Looking to invest in gold? Know how lucrative it is in an unregulated environment in India

As almost no holiday or family celebration in India is celebrated without gold, the yellow metal – especially gold jewelry – is traditionally treated as the most valuable asset in India. The mode of investing in gold, however, is changing over the years, as protecting physical gold involves expenses – …

Read More »

At the start of EverQuest, a cheater and a designer waged a secret war in a San Diego game store

It’s the year 2000. We’ve managed to avoid technical annihilation at the hands of the Y2K bug, Tina Fey and Seth Meyers are helping SNL stay funny, and somehow every mall has decided that we should all listen to Creed (quiver). But game developer Geoffrey “GZ” Zatkin wasn’t in the …

Read More »

Bearing the scars: a year of unorthodox easing cycle in Turkey

Almost 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and bucking a global trend to rising borrowing costs. On September 23, 2021, policymakers began to cut the policy rate significantly, then to 19%. It now stands at …

Read More »

Turkey’s new medium-term program published in the Official Journal

The presidential decree approving Turkey’s new medium-term program (MTP), which revises the country’s economic objectives for the period 2023-2025, was published in the Official Gazette on Sunday. Prepared jointly by the Ministry of Treasury and Finance and the Strategy and Budget Department, the program provides for a drop in inflation …

Read More »

The Primeclass Domestic Lounge at Milas Bodrum Airport

Recently (early September), I had the chance to visit the Primeclass Lounge at the Domestic Terminal of Milas Bodrum Airport. As this facility is a major gateway to Turkey’s southwest coast and the warm sunny vacation spots scattered all over the place, many travelers from all over the world may …

Read More »

Regional Market Analysis: Economic Trends in the RBC Region First Half 2022 Update (Issue 11 – August 2022) – Syrian Arab Republic

Shortly after economies recovered slightly in 2021, the region was further challenged by conflict in Ukraine. According to the World Bank, average regional GDP growth fell from 2.8% in 2021 to 2.2% in 2022. Crude oil prices have risen steadily in 2022, the spot price of Brent in Europe registered …

Read More »

Improve the Strength of Your Dollar in These 5 Overlooked Destinations

Night view of Xlendi, Gozo, Malta Adobe Stock/dudlajzov If you’ve ever dreamed of embracing the good life on the continent, this is your chance. Americans have more purchasing power in Europe than they have had in the past two decades. On August 23, the euro closed at 0.9927 to the …

Read More »

Can’t go to American college? Turkey wants you – here’s what it can and can’t offer Indian students

New Delhi: For Indian students, the wait for UK and US visas has become endless. Their prospects of returning to China – which they had to leave because of the pandemic – and to Ukraine, which they fled because of the ongoing war, also remain uncertain. The options for Indians …

Read More »

bne IntelliNews – Diesel prices in Turkey are rising again

The price of diesel fuel (Eco Force) at Opet stations on the European side of Istanbul soared to 25.98 Turkish liras (TRY) ($1.43) per liter on August 24, up 258% year on year , compared to 22.36 TRY on August 9, according to data provided by Opet (chart). During the …

Read More »

Currency swap initiative a success

PETALING JAYA: Malaysia’s decision to enter into a currency swap deal should benefit the country in the short term, as it will boost trade and investment at a time when the global economy is plagued by higher inflationary pressures and growing risks of recession. Foreign exchange (forex) market strategists and …

Read More »

Fan tokens: why have they fluctuated recently?

Fan tokens are one of the new additions to the global crypto market. Although crypto has been a hot topic for investors for years, fan tokens have suddenly come to the fore. There were different reasons for their rise, but the ensuing relapse shocked investors. Investors were planning to invest …

Read More »

Turkey could play a key role in solving the energy crisis in Europe

Turkish President Recep Tayyip Erdogan visited the southern province of Mersin last week to launch his country’s newest and largest hydrocarbon drilling vessel, the Abdelhamid Han. The vessel left port with great fanfare and soon reached its first drilling destination, Yorukler 1, in uncontested waters 55km off the Turkish coast, …

Read More »

The Turkish central bank maintains its key rate at 14%

Turkey’s central bank is expected to keep its key rate unchanged for an eighth meeting next week, polls show, as inflation soared to its highest level in 24 years. The Central Bank of the Republic of Turkey (CBRT) has kept the one-week repo rate at 14% for the past seven …

Read More »

7 countries where you can travel where the Canadian dollar goes very far, according to an expert

If you’re dreaming of an international vacation, but don’t know where to go, how about heading to one of those places where the Canadian dollar goes a long way? Narcity recently reached out to international currency expert Rahim Madhavji of Knightsbridge Foreign Exchange to find out where Canadians should go …

Read More »

TNS adds market data services for Borsa Istanbul

Transaction Network Services (TNS) is now connected to Borsa Istanbul (BIST) as a market data provider. Opening access to Turkey’s only stock exchange with order routing and market data connectivity to the BIST matching engine in Istanbul enables TNS clients to capitalize on trading activities in this growing market. Under …

Read More »

Turkish bears are down amid global rebound and Russian money

The return of optimism on the world markets lifts Turkey.The nation known for responding to high inflation with low interest rates was among the hardest hit emerging markets after the outbreak of war in Ukraine. Today, as fears of runaway consumer prices ease around the world, the bears are finally …

Read More »

6 underground European attractions to beat the heat this summer

Share the article Last update 8 minutes ago Europe has faced record heat waves this summer, and the heat will be there for a while yet. The UK recently recorded its hottest day ever, with the temperature just over 104 F° (40 C°). Spain even became the first country to …

Read More »

Vladimir Putin and Recep Tayyip Erdoğan pledge to deepen economic relations

Recep Tayyip Erdoğan and Vladimir Putin have pledged to deepen economic ties between their countries as Moscow seeks to soften the blow from Western sanctions imposed following its invasion of Ukraine. After a four-hour meeting at Putin’s residence in Sochi on Friday, the Russian and Turkish presidents issued a joint …

Read More »

TPI COMPOSITES, INC MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

You should read the following discussion and analysis of our financial condition and results of operations together with our condensed consolidated financial statements and the related notes and other financial information appearing elsewhere in this Quarterly Report on Form 10-Q (Form 10-Q). Some of the information contained in this discussion …

Read More »

Qatar Exchange Houses Record Growth in Remittances

Foreign exchange houses in Qatar recorded an increase in remittance volume in the first six months of 2022 compared to the same period last year.Dr. Zubair Abdulrahman, COO of Al Zaman Exchange, said Gulf Hours Monday that the exchange house recorded a 20% year-over-year (year-on-year) growth in remittance volume for …

Read More »

The rupiah should stabilize at 240 against the dollar

A man counts Pakistani rupee banknotes with stacks of dollar banknotes and rupee banknotes lying on the table. — Reuters/File The local currency is expected to maintain its current level of 240 against the US Dollar next week. The battered rupee gained 57 paisa or 0.24% to close at 239.37 …

Read More »

Turkey to continue selective lending policy despite backlash – sources

Turkish President Tayyip Erdogan (seated) and Central Bank Governor Sahap Kavcioglu are pictured during a signing ceremony in Ankara, Turkey June 8, 2022. REUTERS/Umit Bektas/File Photo Join now for FREE unlimited access to Reuters.com Register Since the December crisis, the state has tightened its grip on the markets Some companies …

Read More »

EMERGING MARKETS – Stocks and currencies sweat as emerging market growth fears and the US Fed tightens further

Band Anisha Sircar July 27 (Reuters) – Emerging market stocks slid on Wednesday as investors braced for a potentially big U.S. rate hike later in the day, while regional currencies struggled as the dollar hovered just below a 20-high years thanks to the support of flows of safe value. A …

Read More »

EU wins arbitration in pharmaceutical trade dispute with Turkey

Brussels took the case against Ankara to the WTO in 2019, challenging Turkey’s “localization requirement”. The EU said this forced foreign pharmaceutical producers to move their production to Turkey so that Turkish consumers could receive reimbursement when buying their products from pharmacies. A WTO panel has previously rejected Ankara’s arguments …

Read More »

Invest in Africa, AfDB chief urges investors at US-Africa business summit

In his latest television interview, Banque du Liban Governor Riad Salameh briefly mentioned the possibility of eliminating zeros from the currency (Lebanese lira). A key instrument of this operation is to raise the interest rate on the national currency to a record high, with the aim of encouraging residents and …

Read More »

From the editor-in-chief – Editor’s note

Many associate the exchange value of their currency with national pride. This is a misconception as exchange rates can vary due to factors beyond a country’s control, such as the war in Ukraine this time. However, they reflect the strength of a country’s economy at some level, even though they …

Read More »

Currency values ​​are in a fierce tango with interest rates

The EU euro has just broken parity with the dollar for the first time in about 20 years. The Japanese yen is down almost 20% since the start of this year and 30% since the start of 2021. The trade-weighted US dollar is up almost 10% since its recent low …

Read More »

Ankara rejects Liz Truss’ plan to send UK asylum seekers to Turkey

A tentative plan by Liz Truss to send unwanted asylum seekers to Turkey was rejected by the Ankara government hours after it was presented. The Times reported on Saturday morning that the foreign secretary – who is in the running to become the next Conservative prime minister – would like …

Read More »

Who has the stomach – or the stubbornness – to oppose the dollar?

Comment this story Comment It is becoming increasingly difficult for some emerging markets to hide from the dollar’s devastation. Staying on the sidelines or slowing while US interest rates climb risks further deteriorating already weakened currencies – and worsening inflation at home. To stand against this current requires courage and, …

Read More »

US CPI crushes estimates, putting USD/ZAR, USD/TRY under pressure

USD/ZAR, USD/TRY talking points: Did a hot US CPI print solidify another 75b/p rate hike? Persistent inflation compromised the request for Emerging market currencies with lockdowns in China and the strength of the US dollar providing further catalyst for developing countries. For the South African Rand (ZAR), down commodity prices …

Read More »

Financial Comparison: Akbank TAS (OTCMKTS:AKBTY) vs. Westamerica Bancorporation (NASDAQ:WABC)

Akbank TAS (OTCMKTS:AKBTY – Get Rating) and Westamerica Bancorporation (NASDAQ:WABC – Get Rating) are both finance companies, but which stock is superior? We’ll compare the two companies based on valuation strength, analyst recommendations, dividends, earnings, profitability, risk and institutional ownership. Volatility and risk Akbank TAS has a beta of 0.85, …

Read More »

Opposition party to pay damages for equating Erdoğan’s son-in-law with thief, court says

A Turkish appeals court has announced its reasoned decision to uphold a local court’s ruling last week ordering the main opposition party to pay damages to President Recep Tayyip Erdoğan’s son-in-law and former minister of finance, Berat Albayrak, on the grounds that Albayrak’s personal rights were violated when he was …

Read More »

Inflation in Turkey hits highest level in two decades at 78.6%

ANKARA, July 4 (Xinhua) — Turkey’s annual inflation jumped to 78.62 percent in June, its highest level since 1998, the Turkish Statistical Institute said on Monday. He said consumer prices rose 4.95% month-on-month in June. The highest annual price increase was recorded in the transport sector with 123.37%. The cost …

Read More »

Turkish lira rate in Pakistan – July 01, 2022

Turkish lira rate in Pakistan – July 01, 2022 TRY to PKR – Today, the Turkish Lira rate in Pakistan on July 1, 2022 is Rs. 12.74. This is the interbank closing exchange rate of Turkish Lira to Pakistani Rupee, which is provided daily by the State Bank of Pakistan …

Read More »

Turkish lira rate in Pakistan – June 29, 2022

TRY TO PKR: the current rate of the Turkish lira in PKR on June 29, 2022 TRY to PKR – Today the Turkish Lira rate in Pakistan on June 29, 2022 is Rs.12:35 p.m. This is the interbank closing exchange rate of Turkish Lira to Pakistani Rupee, which is provided …

Read More »

Turkey’s benchmark stock index starts on the red side

(MENAFN) The benchmark stock market index for Turkey started the day at 2,489.74 points, down 64.34 points, or 2.52%, from the previous end. With a daily trading turnover of 34.99 billion Turkish lira ($2 billion), Bursa Istanbul’s BIST 100 index rose 0.43% to 2,554.08 points on Friday. . The Turkish …

Read More »

Turkish lira rate in Pakistan – June 25, 2022

Turkish lira rate in Pakistan – June 25, 2022 TRY to PKR – Today the Turkish Lira rate in Pakistan on June 25, 2022 is Rs.12:41 p.m. This is the interbank closing exchange rate of Turkish Lira to Pakistani Rupee, which is provided daily by the State Bank of Pakistan …

Read More »

Turkey introduces new rules on the use of geographic data

The law amending environmental law and other laws (“Right“) was published in the Official Gazette on June 15, 2022. The law introduces significant amendments to Law No. 7221 amending the law on geographic information systems and other laws. Recent development Within the framework of the law, the upper limit of …

Read More »

USD/TRY surges to new 2022 highs after 5:30 p.m.

USD/TRY is advancing to new highs north of 5:00 PM. The lira has depreciated by more than 30% since the start of the year. The CBRT meets later in the week to decide on rates. The Turkish lira falls to new lows against the greenback and pushes USD/TRY to new …

Read More »

Stocks follow worst week in 3 months

Emerging market stocks were expected to end Friday with their biggest weekly declines in more than three months on growing fears of a global recession as central banks around the world aggressively tighten monetary policy to combat rising oil. inflation. The MSCI index of emerging stocks fell 0.2%, down 4.6% …

Read More »

Strong demand for new bonds, says Nebati

ADANA Demand has been strong for the new national income-linked bonds, Treasury and Finance Minister Nureddin Nebati said. “We started collecting offers for the bonds on June 15 and the bookbuilding period will continue next week until June 22,” Nebati told a meeting in the southern province of Adana, reiterating …

Read More »

Economic experience or suicide? “Balık baştan kokar” (A fish rots from… | by Sagar Singh Setia | June 2022

“Balık baştan kokar” (A fish rots from the head down / Corruption begins at the top) – famous turkish proverb Source: Photo by beytlik Netflix’s historic docudrama »Rise of Empires: Ottomans » beautifully depicts the conquest of Constantinople by Mehmed the Conqueror. The The Romans ruled the “strategic” Constantinople (today’s …

Read More »

The Russian Duma will ban cryptocurrency as a means of payment

Russian lawmakers will vote on a new bill to ban cryptocurrencies and digital tokens as a means of payment in the country. According to a recent report by local media RIA Novosti, Anatoly Aksakov, chairman of the Financial Markets Committee, submitted the bill to the State Duma. If the bill …

Read More »

Turkey bets on a modern cruise center to boost tourism

A state-of-the-art Istanbul port with an underground terminal, celebrity chef restaurant and shopping center is hosting another 5,000-passenger cruise ship, bringing more money to Turkey’s struggling tourism industry. Hit hard by Covid, Turkey’s tourism sector could benefit from revenue generated at Galataport, which opened in 2021 – a year later …

Read More »

Live News: Russia cuts its policy rate for the fourth time since March

The UK’s eight largest banks have all drawn up plans that would allow them to fail “safely” without harming taxpayers or customers, but are expected to make other improvements to improve the process, the Bank said on Friday. from England. The financial year marked the first time that regulators have …

Read More »

Turkish lira weakens further after Erdogan promises further rate cuts

A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey, October 12, 2021. REUTERS/Cagla Gurdogan Join now for FREE unlimited access to Reuters.com Register NEW YORK, June 7 (Reuters) – The Turkish lira fell 1.1% against the dollar on Tuesday to a record close low …

Read More »

The Bollywood Awards return to Abu Dhabi for the first time since the start of the pandemic

DUBAI: The culture of charitable giving in Saudi Arabia has been held up as an outstanding example of “strategic philanthropy” by a new report from the Center for Strategic Philanthropy at the Judge Business School at the University of Cambridge in the UK. The report, titled System Change in Philanthropy …

Read More »

Tüpraş Workers Occupy Aliağa Refinery in Turkey to Oppose Layoffs

Since Saturday, workers at Aliağa, the Izmir refinery of Turkey’s largest company, Tüpraş, have been occupying the plant to oppose management’s layoff plans. While all shifts have joined in on the action, production continues. Workers staged a mass protest outside the refinery on Monday morning. Workers at the Tüpraş refinery …

Read More »

EMERGING MARKETS-FX stable in a data-rich session; The zloty outperforms the EEC

The Polish zloty outperformed its Central European peers on Tuesday following the country’s 8.5% growth in the first quarter, while emerging market equities gained for a fifth session as Chinese stocks advanced in easing. COVID-19 restrictions in Shanghai. The rallying consumer and tech companies drove Chinese stocks higher, with …

Read More »

Turkish supermarket deserted amid rising food prices | New

The store was almost empty at noon on Thursday. A few shoppers checked the latest price tags on the shelves and then walked away with empty bags, while employees complained that sales had fallen too low as prices “went crazy”. RELATED: Turkey to launch military operation on Turkish-Syrian border Dairy …

Read More »

Avianca LifeMiles 15% transfer bonus via American Express

My dear readers, some links on this site pay us referral fees for sending business and sales. We appreciate your time and money and will not waste it. For our full advertising policy, click here. The content on this page is not provided by any of the companies mentioned and …

Read More »

Has the Fed’s preferred inflation measure continued to decline?

Has inflation slowed US consumer spending? EY-Parthenon chief economist Gregory Daco said the United States has already peaked in inflation, but the important factor for consumers will be the rate at which price growth slows and the level which she will eventually achieve. The core personal consumption expenditure price index, …

Read More »

EMERGING MARKETS – Lower rates in China boost emerging market equities; currencies rally as greenback eases

Chinese stocks firm on higher than expected cut in borrowing rates Turkish consumer conference in May rises to record high Emerging market stocks and FX eye weekly gains of 3% and 1% respectively By Anisha Sircar and Bansari Mayur Kamdar May 20 (Reuters) – Chinese stocks led emerging market stocks …

Read More »

EMERGING MARKETS – Stocks extend rally, South African rand slips as markets eye data

* April CPI in South Africa stable; retail sales at 11:00 GMT * Chinese stocks fall due to insufficient government stimulus * The Turkish lira down for the 10th consecutive session * Sri Lanka will be defaulted by rating agencies By Anisha Sircar and Bansari Mayur Kamdar May 18 (Reuters) …

Read More »

Everything you need to know about stablecoins

Cheap money transfer. People have contributed up to $1 million to USDC for as little as $1 in transfer fees.International shipping is available. Stablecoins like USDC are a fantastic alternative for sending money around the world due to their fast processing and cheap transaction fees. Because their prices are pegged …

Read More »

A solid partnership, promising economic prospects

In order to strengthen the strong and strategic brotherly relations between the State of Qatar and the Republic of Turkey, H.H. Amir Sheikh Tamim bin Hamad Al Thani started an official visit to Turkey yesterday. The two countries look forward to strengthening the strong brotherly ties and strategic relations between …

Read More »

Binance Turkey warns citizens against billboard scams

Istanbul, Turkey is awash with billboards advertising new crypto offerings from virtual asset exchanges, but Binance – the world’s largest crypto exchange by trading volume – recently discovered that some of its billboards in the city are, in fact, illegitimate and fraudulent. On Monday, Binance’s Turkish subsidiary announced that scammers …

Read More »

Turkish lira hits weakest level since mid-December

A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer Join now for FREE unlimited access to Reuters.com Register ISTANBUL, May 9 (Reuters) – The Turkish lira fell 0.3% on Monday to its weakest level since last December, when a currency crisis …

Read More »

Turkey expands scope of foreign currency payment ban

Communique No. 2008-32/34 on the protection of the value of Turkish currency was amended by Communique No. 2022-32/66 and accordingly a new prohibition was introduced on foreign currency transactions . According to the amendment, the contract price shall be paid in Turkish Lira for contracts for the sale of goods …

Read More »

Factbox: Europe’s ‘flash crash’ was the latest in a long series around the world over the past decade

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 28, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, May 3 (Reuters) – European stocks’ sharp drop on Monday following a misguided trade in Nordic markets is …

Read More »

Has China’s politburo thrown a lifeline into the markets?

Insight: Speculation that a midday statement from China’s Politburo signals new efforts to support the economy ahead of next week’s holiday appears to have stirred animal spirits. The unusual timing of the statement helped spark an Asia-Pacific rally that lifted most of the larger market more than 1%. The European …

Read More »

Has Turkey issued a stamp depicting PM Modi? here is the truth

A photo of a stamp bearing the likeness of Prime Minister Narendra Modi is going viral on Facebook. It is claimed that Turkey issued the stamp and called Mr Modi “the world’s greatest leader”. By Misha Rajani Published on April 30, 2022 10:52 GMT Hyderabad: A photo of a stamp …

Read More »

Turkey’s Erdogan visits Riyadh to repair fences

Turkish officials say President Recep Tayyip Erdogan is visiting Saudi Arabia as part of the latest leg of Turkey’s efforts to build bridges with regional rivals By ANDREW WILKS Associated Press April 28, 2022, 07:51 • 3 minute read Share on FacebookShare on TwitterEmail this article ISTANBUL — Turkish President …

Read More »

Inflation is not easy to correct. Most government solutions fail.

How do countries control inflation? The answer is: very badly. The misunderstanding of money that leads governments and central banks to devalue currencies too often means they are ill-equipped to put the inflation genie back in the bottle. History is littered with attempts to end monetary disasters that failed and …

Read More »

SL halves dollar redemption rule to 25% – Business News

Following a comment made during the monetary policy press conference on April 8, the Central Bank had reduced the dollar conversion and redemption rule to 25% from 50% levels, which was effective from of the fourth week of March as authorities attempted to …

Read More »

Turkey’s Cenbank raises mandatory conversion rate of foreign exchange earnings for exporters to 40%

ISTANBUL, April 15 (Reuters) – Turkey’s central bank said on Friday it had raised the share of foreign currency earnings that exporters are required to sell to the central bank from 25% to 40%, a move intended to bolster the country’s foreign exchange reserves. In January, the government asked exporters …

Read More »

South African Rand Breakout Threatens Bigger GBP/ZAR Losses

GBP/ZAR down towards December 2019 levels USD/ZAR closes on November 2021 low after US CPI Core CPI ebb is a headwind for USD/ZAR and GBP/ZAR Soothing US bonds and strengthening the relative attractiveness of the ZAR Image © SARB The South African Rand outperformed at the start of the week …

Read More »

Sky Global Exchange and Summer Internship Program 2022 (Fully Funded to Turkey)

Deadline: April 30, 2022 Applications are open for the Sky Global Summer Exchange & Internship program. The program, jointly created by Turkish Aerospace Industries and the Yunus Emre Institute, runs for five weeks between July 18, 2022 and August 19, 2022. Interns can expect to learn practical skills, networking, cultural …

Read More »

Despite hardships, Idlib residents give back during Ramadan | News on humanitarian crises

Idlib Province, Syria – Abu Munir struggles to care for his wife, three children and elderly mother in Ahl al-Tah IDP camp in northern Idlib. Ramadan is particularly painful for Abu Munir. This time of year brings back happier memories of having an iftar dinner with his family in his …

Read More »

Dr. Yaşam Ayavefe on the effects of COVID-19 on the economy

There is no doubt that the Covid-19 pandemic has changed everyday life. As we enter the third year of COVID-19, several questions remain: How many of these changes in our lives will be permanent? How will life continue once the Covid-19 pandemic is over? How will a new economy be …

Read More »

Church, museum and UNESCO heritage site, mosque – Hagia Sophia of Turkey was all this and more

New Delhi: After decades of being a museum with no religious affiliation, the iconic Hagia Sophia in Istanbul, Turkey marks its first Ramadan as a Muslim place of worship. Built during the reign of Byzantine Emperor Justinian I as a Christian cathedral, it was converted into a mosque in 1453 …

Read More »

Azerbaijan Foreign Exchange Market Weekly Review

BAKU, Azerbaijan, April 2. The official exchange rate of the Azerbaijani manat against the US dollar, set by the Central Bank of the Republic of Azerbaijan (CBAR), remained unchanged this week, reports Trend. The weighted average rate based on the results for the week was 1.7 AZN/1USD. Official AZN/USD exchange …

Read More »

A New Chapter for Turkish Merger Control | Allen & Overy LLP

Main changes to the merger control regime 1. Raised thresholds for filings in Turkey The amendments to the Merger Control Notice provide for new jurisdictional thresholds that are almost seven times higher than the current thresholds. Given the significant devaluation of the Turkish lira against major currencies in recent years, …

Read More »

British tourists arrive at Bodrum Airport after a two-year hiatus

MUĞLA Milas-Bodrum airport in the western province of Muğla welcomed a group of British tourists for the first time in two years. class=”cf”> Flights from the UK to the airport, located in the province’s Milas district and serving the popular holiday hotspot of Bodrum, were previously suspended due to the …

Read More »

How to get a Cuban COVID vaccine in 1,000 easy steps | Coronavirus pandemic

On Valentine’s Day 2022 in Havana, Cuba, I received the Soberana Plus booster, one of the island nation’s five COVID-19 vaccines. The blow had been long in coming. For the past year, I had obsessed over getting injected with a Cuban-made coronavirus vaccine. Although they obviously offered no protection against …

Read More »

Inflation outlook

VSA steady rise in inflation could haunt many economies this year, possibly leading them to downgrade their outlook for economic growth, amid concerns over rising international oil prices (supply disruptions ) and the risk that interest rates will rise faster than expected so far. According to “The Economists” and “The …

Read More »

USD/TRY seems to be slightly higher in a tight range near 14.80

USD/TRY is rising slightly around the 14.80 region. Turkey’s 10-year yields climb to record highs above 25.00%. The feeling of risk recovers lost ground. The Turkish lira remains on the defensive albeit slightly and lifts USD/TRY to the 14.85 region on Tuesday. USD/TRY remains capped at 15.00 USD/TRY advance for …

Read More »

Falls back to the immediate helpline around 2:80 p.m.

USD/TRY struggles to extend 2-day uptrend, hovers around weekly high The bears remain cautious until they see a break of the monthly support line. The bullish MACD maintains bullish momentum directed towards 15.20-22. USD/TRY breaks the two-day uptrend while paring recent gains around 14.81 early Monday morning in Europe. In …

Read More »

EMERGING MARKETS – Stocks lower after 2 days of rally, but expected to post weekly gains

Band Susan Mathew Worries over Ukraine pushed emerging market stocks and currencies lower on Friday after strong gains in the past two sessions, while the ruble rallied ahead of the more expected Russian central bank policy decision. late in the day. Japan and Australia imposed sanctions on Russia as peace …

Read More »

You must book a trip to Turkey this summer

BRITS looking to book their next holiday abroad should take a closer look at Turkey if they want to get the most bang for their buck. A recent study found that Britons would get hundreds of dollars more if they traveled to the country due to the strong British pound …

Read More »

USD/TRY targets 15.00 ahead of Russian-Ukrainian peace talks

USD/TRY resumes offers to reverse Friday’s pullback from the 3-month high. Russia and Ukraine ready for further talks after citing progress, Moscow attack slammed. US Treasury yields propel the DXY amid rising hopes of a 0.50% Fed rate hike on Wednesday. China’s covid cases bolster safe-haven demand for the US …

Read More »

Turkish lira rebounds after Putin signals progress in talks

The conflict in Ukraine fuels inflation and current accounts worry Currency 10% weaker in 2022, halving in one year Forecasts on growth, inflation, the lira are deteriorating ISTANBUL, March 11 (Reuters) – The lira rebounded from an earlier tumble to rebound 1.5% on Friday, benefiting along with other emerging market …

Read More »

Dizzying fuel hikes stoke popular grievances in Turkey

A seemingly endless stream of fuel price hikes has sparked a national outcry in Turkey, where soaring global energy prices have been amplified by the depreciation of the Turkish lira, with annual inflation already at 54.4% . Since Russia’s incursion into Ukraine on Feb. 24, Turkish consumers have struggled to …

Read More »

USD/TRY prints 7-day uptrend around 14.50 on Turkey growth fears

USD/TRY remains firmer around a 3-month high, paring intraday gains lately. Turkey and Israel are attempting diplomatic peace for the first time in more than a decade. The World Bank has raised concerns about the growth of major oil importers, including Turkey. Ukraine and Russia will meet in Ankara on …

Read More »

Frequently asked questions about residential and work leases

Introduction: This FAQ aims to provide clear answers to the main questions we have encountered lately regarding residential and covered workshop leases, with the delayed entry into force of the provisions of the Turkish Code of Obligations for Offices of July 20201. We aim to update this FAQ with new …

Read More »

Russia and World Indices – Goodbye For Now

Summary Russian assets are expelled from global indices as the war continues. Global worries about rising energy prices/inflation persist, but central banks in EMEA/LATAM and Emerging Asia are reacting differently. Russian sanctions The economic and commercial consequences of the Russian military campaign in Ukraine continue to accumulate. increasingly international companies …

Read More »

Inflation in Turkey climbs to 54%

ANKARA – Turkey’s annual inflation rate accelerated further in February, official data showed on Thursday, marking the biggest jump since 2002 and adding pressure on households already struggling to buy household goods. based. The Turkish Statistical Institute said consumer prices rose 54.44% in February from a year ago. That’s up …

Read More »

Turkey’s presence in northern Syria – Kashmir Reader

Turkey has retained a military presence in northern Syria, having launched its first border operation in 2016. It was in August 2016 when Turkey first launched Operation Euphrates Shield to combat Islamic State near the Turkish border and prevent the Syrian Democratic Forces (SDF) from advancing further west.Turkey completed the …

Read More »

Stock market news – live: Oil prices hit $105 a barrel as Wall Street plunges

Boris Johnson says Russia chose ‘path of destruction’ after Putin launched ‘military operation’ in Ukraine The price of oil hit a seven-year high of nearly $105 (£78) after Russia invaded Ukraine. Brent crude was up 6.6% at $103.21 a barrel, the highest since August 2014, while US light crude jumped …

Read More »

UN experts found that Turkish Bayraktar drones in Libya were easily destroyed

Abdullah Bozkurt/Stockholm Bayraktar armed drones made by a Turkish defense contractor performed poorly on the ground and were an easy target for ground fire, UN investigators concluded last year. According to a report submitted to the UN Security Council by the Group of Experts on Libya on March 8, 2021, …

Read More »

Turkish shipbreaking workers stop work amid wave of wildcat strikes

Shipbreaking workers on strike in Aliağa [Credit: @chdizmirsubesi Twitter] More than 1,500 workers working in shipbreaking yards in the western Turkish city of Izmir, in the Aliağa district, have been on strike since February 11, demanding wage increases and best conditions. Amid a wave of wildcat strikes this year in …

Read More »

Al-Rushood: Approximate levels of KFH profits before Covid19

Kuwait Finance House (KFH) group acting CEO Abdulwahab Essa Al-Rushood said the group’s performance increased significantly in 2021. Profits were approaching 2019 levels before the spread of the Covid19 pandemic. Net profit in 2021 increased by 64% to KD 243 million compared to 2020. Al-Rushood said the subsidiaries’ contributions to …

Read More »

Fitch downgrades Turkey’s debt amid soaring inflation

Fitch downgraded Turkey’s sovereign debt and delivered a scathing verdict on President Recep Tayyip Erdogan’s plan to tackle soaring inflation. The international rating agency pushed the long-term debt rating deeper into undesirable territory, lowering it from BB- to B+, putting the G20 country on a par with Benin, Egypt, Turkmenistan, …

Read More »

2021 REVENUES AMOUNTED TO €922.4 M

Thusday February 10, 2022 2021 TURNOVER TOTALS €922.4m Revenue up when comparing like for like Record net cash at €108.3m Confirmation of a significant drop in current operating income for 2021 AKWEL (FR0000053027, AKW, PEA eligible), an automotive and heavy goods vehicle equipment and system manufacturer specializing in fluid management …

Read More »

Turkish doctors leave the country because of inflation

Turkish doctors are leaving en masse to escape the country’s inflation. Credit: William Neuheisel, CC BY-SA 2.0 Turkish doctors are emigrating from Turkey in unprecedented numbers due to the effects of inflation on the country. While inflation has severely affected Turkey’s economy, it has also had profound effects on the …

Read More »

Currencies firm, but rising interest rate risks weigh on emerging market outlook

Feb 7 (Reuters) – Most emerging market currencies rose on Monday, taking support from a stable dollar, although a surprise jump in U.S. jobs data last week bolstered bets for a more aggressive Federal Reserve, casting a pall over the outlook for emerging assets. An index of emerging market currencies …

Read More »

BBVA stock: a Mexico-focused bank with a yield of 5.4% and 0.9 TBV

JJFarquitectos/iStock Editorial via Getty Images introduction The share price of Banco Bilbao Vizcaya Argentaria (BBVA) (hereafter simply “BBVA”) has barely moved since I published my previous article on this Spanish bank in May 2021. As there is now a greater clarity around the world on how the fallout from COVID …

Read More »

Severe drought reduces wheat harvest in Turkey

ANKARA, TURKEY – Due to a severe drought, Turkey’s wheat production in 2021-22 fell by 2 million tons, to 16.25 million tons, according to a report by the Foreign Agricultural Service of the United States Department of Agriculture. agriculture (USDA). Looking to next year, precipitation levels from October to December …

Read More »