ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks…
Oil drops in volatile trade, records biggest weekly slump in months
By Shariq Khan (Reuters) -Oil price settled lower in volatile trading on Friday, with both benchmarks recording their biggest weekly…
Egypt’s pound keeps falling on black market ahead of IMF meeting
By Patrick Werr CAIRO (Reuters) – The gap between the official rate of the Egyptian pound against the dollar and…
China urges U.S. to respect WTO panel ruling – statement
GENEVA (Reuters) – China urged the United States to respect a World Trade Organization ruling on Friday which found that…
Getir buys fast grocery rival Gorillas in $1.2 billion deal
By Ebru Tuncay and Hakan Ersen ISTANBUL (Reuters) – Turkish delivery company Getir has bought German rival Gorillas in a…
Head of Gazprom’s Miller, Turkey’s Erdogan discuss Turkish gas hub, gas supplies
MOSCOW (Reuters) – Alexei Miller, head of Russian energy giant Gazprom, met Turkish President Tayyip Erdogan in Istanbul and discussed…
“Small joyless flows” as investors sell stocks and cash – Bofa
LONDON (Reuters) -Investors sold stocks and bought gold in the week to Wednesday, withdrawing $5.7 billion from equity funds, BofA…
Saudi’s ACWA Power signs $1.5 billion agreement with Power China – Al-Arabiya
LONDON (Reuters) – Saudi Arabian private utility ACWA Power said it has signed a $1.5 billion agreement with Power China,…
G7 oil price cap not to blame for Turkey tanker queues, EU says
By Kate Abnett BRUSSELS (Reuters) – The Group of Seven countries’ price cap on Russian oil is not responsible for…
U.S. puts sanctions on Turkish businessman, citing links to Iran’s Quds Force
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) -The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki…