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Finance Minister Nebati slams opposition for 'attacking economy'

Treasury and Finance Minister Nureddin Nebati has accused the opposition of “systematically and hysterically” attacking the Turkish economy in order to influence the result of the presidential election to be held on May 28. ....

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Turkish Lira Slips as Inflation Seen Rising Even Higher

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Brown Brothers Harriman & Co. (via Public) / Dollar Rangebound Ahead of the Holidays

Brown Brothers Harriman & Co. (via Public) / Dollar Rangebound Ahead of the Holidays
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Fitch hits Turkish banks with rating cuts as new finance minister takes reigns

Fitch Ratings has downgraded the outlooks of more than 20 Turkish banks just weeks after Ankara appointed a new finance minister. Nureddin Nebati was appointed treasury and finance minister on Dec. 2 by President Erdogan and has taken the reigns of an ailing economy marred by a tanking currency. Fitch said on Friday: “The negative outlooks on banks with ratings driven by state ....

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