(Bloomberg) Turkey is nearing its inaugural bond sale to an Abu Dhabi sovereign wealth fund by the end of this year, a milestone for Turkish policymakers trying to regain foreign investor confidence after years of mistrust.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of Destr
Lira Lifesaver Became $124 Billion Gamble That Now Haunts Turkey bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) As the lira was approaching a decade of continuous losses, Turkish policymakers hit on an idea that promised a quick fix, and it helped stave off another currency crisis.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBut nearly two years on, a government-backed
(Bloomberg) Turkish officials are considering extending a closure of the Istanbul stock market past Wednesday, according to people familiar with the matter. Turkish opposition urged Capital Markets Board and Borsa Istanbul’s top officials to resign for keeping the stock market open in the first days after two powerful earthquakes rocked Turkey’s southeast and Syria, killing more than 37,000 people. Twin quakes hit 32% of Turkey’s steel production according to an industry association. Key Developments: Turkish Business Group Sees Quakes’ Economic Toll at $84 Billion Why Turkey’s Next Election Is a Real Test for Erdogan: QuickTake Turkish Anger Turns to Erdogan Over Quake Delays, Weak Buildings Quake Aid Is Political Pawn as Powers Clash Over Syria Access Turkey Wants Russian Green Light for Faster Aid Flow Into Syria (All times Istanbul, GMT+3) Death Toll Nears 38,000 (3:30 p.m.) The death toll in Turkey from the two quakes rose to 31,643, disaster management agency AFAD sai
By Asli Kandemir (Bloomberg) Turkey said the Greek Coast Guard fired on a ship in international waters in the northern Aegean Sea, marking another potential escalation of tension between the NATO.