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Tuesday, September 13 2011 , Your time is 15:58:00
Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank said in a study on March 22, just days after finance chiefs of the world’s top 20 economies dropped their pledge for open trade.
ISTANBUL - Anadolu Agency
Luxembourg’s deputy prime minister has invited Turkish banks to open branches in Luxembourg.
ANKARA – Anadolu Agency
The Turkish Lira appreciated against the U.S. dollar early on Feb. 23 amid hints from the Federal Reserve pointing to rate hikes as soon as March.
ANKARA - Anadolu Agency
Most of the Turkish companies rated by Moody’s are able to cope with the recent slide in the value of the Turkish Lira thanks to their foreign exchange reserves and foreign currency inflows, Moody’s said March 9.
Turkey is studying the forex debts of its private sector and will take new macro-prudential measures in March, Deputy Prime Minister Mehmet Şimşek has said, adding that measures would include new forex restrictions against.
DENİZLİ - Reuters
The Turkish Central Bank will closely monitor pricing behavior and implement further monetary tightening if needed, its governor said on March 8, but the lira weakened in apparent disappointment he did not give a clearer signal on rates
Turkey’s Eximbank is set to pour $40 billion in loans and insurance into more than 100,000 companies in 2017 and to launch its own rating system to measure companies’ eligibility for loans, the head of the organization has said.
Turkey’s benchmark index was up 1,322.94 points to close at 91,044.99 on March 6, marking its highest level in just over two years.
LONDON - Reuters
World stocks hit 21-month peaks on Feb. 15 and the dollar rose for the 11th straight day, after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month during upbeat comments on the U.S. economy.
Some 52 billion Turkish Liras ($14.3 billion) in loans and credit card debts were restructured in Turkey in September 2016, said the head of a top sector association, adding that this was a huge figure and that the sector achieved a great success by implementing the restructuring
COVENTRY - Reuters
U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent.
LONDON - Agence France-Presse
The London Stock Exchange on Feb. 26 said it is “highly unlikely” it will be able to meet antitrust conditions set by Brussels for its tie-up with Deutsche Boerse, throwing the merger into doubt.
MAINZ - Reuters
The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany’s Bundesbank said on Feb. 7.