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Lira weakens to new low amid debates over referendum, Mosul

The Turkish lira dropped to a record low against the US dollar as debates over a shift from a parliamentary system to a presidential...
Business

TMSF selling off subsidiaries of seized lender Bank Asya

The state-run Savings Deposit Insurance Fund (TMSF) has put up for sale a financial intermediary and two insurance units of Islamic lender Bank Asya,...
Business

Government seizes 30 more companies over Gülen link

A Denizli court on Tuesday appointed trustees to 30 companies owned by 23 businessmen in the province over their alleged links to the faith-based...
Business

Turkish jobless rate rises to 10.7 pct in July

The unemployment rate in Turkey grew from 10.2 percent to 10.7 percent year-on-year in July, the Turkish Statistics Institute (TurkStat) said on Monday. The jobless...
Business

Gov’t reportedly excludes Gülen followers from across-the-board debt restructuring

The government has reportedly taken yet another step to segregate the Gülen movement from society with Finance Minister Naci Ağbal ordering tax offices to...
Business

Turkey confiscates another 28 companies over Gülen links

The government-run Savings Deposit Insurance Fund (TMSF) has taken over 28 more companies due to alleged links to the Gülen movement, which is accused...
Business

Turkish Presidency: Lira at record low not because of state of emergency, but seasonal fluctuation

Turkish Presidency spokesman İbrahim Kalın said a fall in the value of the Turkish lira, which slid to a record low after losing 0.65...
Business

Government seizes 2 companies in Antalya over links to Gülen

Trustees were appointed to two Antalya-based companies on Thursday due to their alleged ties to the Gülen movement, which the government accuses of masterminding...
Business

Turkish Lira hits record low against dollar on political concerns

The Turkish Lira hit a record low against the dollar on Thursday over fears of a political uncertainty that could be triggered by a...
Business

Prime suspect in Turkey’s worst mining accident puts blame on Gülen movement

In yet another example of scapegoating the Gülen movement for anything wrong in Turkey, the chairman of Soma Holding has reiterated earlier accusations, demanding...
Business

Controversial pro-Erdoğan businessman set to take over gov’t seized Koza-İpek Holding

Pro-government businessman Galip Öztürk's Metro Holding announced in a statement to the Public Disclosure Platform (KAP) on Wednesday that it is planning to buy...
Business

Boydak Holding subsidiary HES Kablo transferred to TMSF

HES Kablo, a subsidiary of leading business group Boydak Holding, has been transferred to the Savings Deposit Insurance Fund (TMSF) due to its alleged...
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