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(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 ....
(Bloomberg) Turkish President Recep Tayyip Erdogan said the initial state response had been slowed by the fact that emergency personnel and their families were themselves trapped under collapsed buildings. BoFA estimates that rebuilding costs in Turkey could be between $3 billion and $5 billion, or possibly more. The Turkish banking regulator relaxed credit-card repayment rules for those in affected areas as well. The death toll in Turkey and Syria surpassed 23,000, with tens of thousands still missing. Over 86,000 have been evacuated from the earthquake area. Key Developments Turkish Anger Turns to Erdogan Over Quake Delays, Weak Buildings Quake Aid Is Political Pawn as Powers Clash Over Syria Access Turkish Opposition Targets Market Regulators After Stock Turmoil Turkey Wants Russian Green Light for Faster Aid Flow Into Syria Turkey’s Main Opposition Files Complaint Over Twitter Blackout (All times Istanbul, GMT +3) Credit-Card Payment Rules Eased (9:24 p.m.) Turkish banking regu ....