Armenians claim incident in showdown with Azerbaijan over Nagorno-Karabakh occurred in its airspace.
Tehran officially neutral in Nagorno-Karabakh conflict but Iranians known to be unhappy at Azerbaijan’s relations with Israel and Saudi Arabia.
Banking regulator takes another step to put a brake on massive lending that is worsening external imbalances. Rates are not high enough to attract carry-traders so the lira is set to further deteriorate, says one analyst.
Fierce and bloody fighting centred on Nagorno-Karabakh enclave continues to rage. Baku denies Ankara has also commandeered Syrian militiamen to fight on its side.
Finding some sure footing on the Turkish stock exchange is far easier said than done with officials up to no good with neverending perception management.
Should Turkey militarily enter the conflict on Baku’s side and Russia come to the armed defence of Yerevan, things could get very scary indeed.
Both sides accuse each other of starting clash. Russia calls for immediate ceasefire. Turkey pledges to stand by Azerbaijan.
As banking regulator follows surprise rate hike with relaxation of lenders’ FX swap limits, all the signs are that the Erdogan administration is in the market for a shot in the arm that, ultimately, can only do more damage.
“It’s more of a ‘catch-up’” says one analyst. New benchmark rate of 10.25% still below average cost of funding.
Acceptance of migrants has declined globally, and the nations of the Western Balkans that bore the brunt of the 2015-2016 migration crisis are now the least tolerant in the world, a new Gallup poll shows.
Debts have ballooned from $230mn a year ago. Payment not forthcoming despite US commerce secretary raising issue with president Erdogan.
Updates previous expectation of 7.50. As fears mount of currency crisis, IIF notes “historically low non-resident holdings of lira-denominated assets—with only $20.9bn in stocks and $5.8bn in bonds remaining”.
MHP says body should be shut down after doctors repeat claims that Turkey’s official coronavirus data bear no relation to situation on the ground.
Ratings agency wary of possible moratorium on FX payments, capital controls and disorderly exchange rate adjustment. But isn’t this all too little, too late from its analysts? The warning signs have been there for years.
Emerging markets capital markets have been through a revolution in the last decade, but the coronavirus pandemic and rising political and economic risks in some markets have seen these investors turn tail and flee.
Iran, Kyrgyzstan and Tajikistan among countries ranked most vulnerable by inaugural edition of Ecological Threat Register.
“Sad to see Turkey's weight in MSCI Emerging Markets index hitting all time low at 0.3%,” remarks observer. Regulator cuts “direct market access” of UBS’ London branch to stock exchange. Garanti BBVA's Spanish parent at lowest level since 1995.
The "Cezeri" flew up to 33 feet in the air before landing.
Day also sees Turkish lira slump to latest all-time low.
Statement comes after Republican senator said US was considering shifting forces to Crete given that the path Turkish president Erdogan is on “is not good”.