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Tuesday, September 13 2011 , Your time is 15:58:00
The European Central Bank left its ultra easy monetary policy stance unchanged as expected on July 20, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.
Turkish banking sector is regulated and monitored more favorable than emerging economies, but it is still reliant on short-term external debt, according to global rating agency Standard and Poor’s.
Turkey’s benchmark index opened the day on June 13 with a new record, rising to a key threshold at 100,000 points, amid a strong inflow into emerging markets
ISTANBUL - Anadolu Agency
The combined net profits of Turkey’s banking sector rose by 50 percent year-on-year to 21.2 billion Turkish liras ($6 billion) in the first five months of 2017, according to the Banking Regulation and Supervision Agency (BDDK).
Halk Investment CEO Murat Çetinkaya was elected as the new CEO of Turkey’s main stock exchange Borsa Istanbul, replacing Osman Saraç, during the bourse’s 4th Ordinary General Board Meeting on June 8.
ANKARA/ISTANBUL - Anadolu Agency
Turkey’s benchmark index advanced by 0.25 percent to stand at 100,440.39 points at the close of June 30, marking a 0.80-percent rise compared with last week.
The Turkish government has collected almost 23 billion Turkish Liras ($6.5 billion) through its latest debt and tax restructuring plan, Finance Minister Naci Ağbal told state-run Anadolu Agency on June 2.
LONDON - Agence France-Presse
The euro led a broad advance in currencies against the greenback on June 29 after a string of central bankers hinted at an end to loose monetary policies that have been in place since the financial crisis.
The International Finance Corporation (IFC), a member of the World Bank Group, has invested 15 million euros in equity of Turkish hospital group Acıbadem’s Bulgaria unit, Acıbadem City Clinic, to give a further boost to the group’s growth in the Middle East and Balkans and to improve healthcare services in Bulgaria, the parties said in a statement on May 30
LONDON - Reuters
Five decades since it heralded a transformation in the way people obtained and used cash, the world’s first ATM was turned into gold for celebrations of its fiftieth anniversary.
The U.S. Federal Reserve on May 30 fined German financial giant Deutsche Bank $41 million over failures to screen billions of dollars in potentially suspicions transactions
NEW YORK/HONG KONG-Reuters
China’s stocks took a major step towards global acceptance on June 21, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing.
ANKARA - Reuters
Turkish fashion retailer Mavi Giyim’s initial public offering (IPO) is seen priced at 43 to 51 lira per share, valuing the jeans maker at up to 2.5 billion lira ($700 million), a source close to the matter told Reuters on May 30.