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World

Turkey Inspects Local Banks’ Lira Liquidity Trades Abroad

(Bloomberg) -- Turkish officials have been scrutinizing repo-like transactions by local lenders that allow them to access cheaper lira funding...
World

Turkish Firm Eyes Ruble Swap to Ease Trade Squeezed by Sanctions

(Bloomberg) -- A Turkish gas trader is starting a currency exchange business to ease unsanctioned trade between Russia and Turkey,...
Bussiness

Jumia, Turkey’s Hepsiburada Plan Africa E-Commerce Growth Push

(Bloomberg) -- Africa-focused online retailer Jumia Technologies AG and Hepsiburada, one of Turkey’s largest e-commerce platforms, have agreed to jointly expand their offerings across...
World

Turkey Hardens Tone on Rate Hold, Reducing Chance of Cut in 2024

(Bloomberg) -- Turkey’s central bank extended its interest-rate pause for a seventh month and adopted a more hard-line stance on the course of inflation,...
World

Hedge Fund Manager Greg Coffey Hunts for New Turkey Trades

(Bloomberg) -- Macro trader and hedge fund manager Greg Coffey is looking for fresh reasons to invest in Turkey and visited the country in...
World

Turkey Hints Rate Cut Is Closer After Sixth Straight Hold

(Bloomberg) -- Turkey’s central bank indicated it’s in no hurry to start cutting interest rates after leaving borrowing costs on hold for a sixth...
World

Turkey Wins Second Rating Upgrade From Fitch in Six Months

(Bloomberg) -- Turkey secured its second credit rating upgrade in six months from Fitch Ratings, amid improving external buffers and a strong pickup in...
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