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Turkey overtakes Russia as world’s largest gold buyer amid strained US relations

Turkey has overtaken Russia as the world's largest purchaser of gold amid concerns that it could be barred from dollar settlements over cooling ties...
Business

Turkey’s external debt up to one-year maturity at $169.5 bln at end of May: central bank

Turkey's central bank said on Monday the country's external debt maturing in a year or less stood at $169.5 billion, up nearly $5 billion...
Business

EU decides to keep travel restrictions with Turkey in place after biweekly review

The European Union has decided to keep travel restrictions with Turkey in place after their first biweekly review of coronavirus measures for travelers. The list,...
Business

Court of International Trade says Trump’s doubling tariffs on Turkish steel against law: report

US President Donald Trump’s decision to double tariffs on imports of Turkish steel, which came amid a diplomatic spat between Ankara and Washington in...
Business

Turkish gov’t posts $16 billion budget deficit in first six months: report

The Turkish government registered a budget deficit of 109.5 billion Turkish lira (some $16 billion) between January and June, the country's Treasury and Finance...
Business

Turkish state banks short foreign currencies to support lira: report

Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 billion (6.61 billion pounds) to help defend the lira,...
Business

Majority of Turks say they are worse off than last year: poll

Fifty-eight percent of participants in an opinion survey said their financial situation is worse than it was last year, the Cumhuriyet newspaper reported on...
Business

Turkish market regulator fines 7 brokerages for short-selling activities: report

Turkey’s market regulator has fined seven brokerages for violating short-selling rules and imposed a six-month trading ban on individuals it suspects of stock-price manipulation...
Business

Turkish home sales surged in June, rebounding with cheap loans: report

Turkish home sales leapt nearly 210 percent year-on-year to 190,012 properties in June, official data showed on Tuesday, rebounding with the help of cheap...
Business

Blue Stream gas pipeline between Russia, Turkey idle since May: report

The Blue Stream pipeline delivering Russian gas to Turkey, due to be re-launched after maintenance in May, remains idle, three sources told Reuters on...
Business

Turkey’s industrial output contracts 19.9 pct in May due to pandemic

Turkish industrial production shrank a less-than-expected 19.9 percent year-on-year in May, data showed on Monday, as measures to curb the spread of the coronavirus...
Business

Turkey nearing post-Brexit trade deal with UK: report

Turkish Foreign Minister Mevlüt Çavuşoğlu has said Turkey is close to finalizing a trade agreement with the UK, with only technical issues remaining to...
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