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Cost to insure Turkish debt spikes as Turkey teeters on brink of currency crisis

Credit default swaps--the cost to insure debt--on Turkey have spiked on Friday as the country's financial woes spooked global investors. The spread on 5-year credit default swa.....»»

Category: topSource: marketwatchAug 10th, 2018

People In Turkey Are Smashing iPhones And Boycotting US Products

Amid an international dispute with the US and currency crisis, Turkish President Recep Tayyip Erdogan has called for Turkey to boycott US products. Shortly after, some particularly patriotic Turks answered their president’s call by smashing iPh.....»»

Category: blogSource: valuewalkAug 16th, 2018

Turkey"s Albayrak tells investors the country will emerge stronger

Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle the worst currency crisis the country has suffered since 2001......»»

Category: topSource: reutersAug 16th, 2018

The Latest: Turkish, French presidents speak by phone

The Latest on Turkey's currency crisis (all times local): 3:40 p.m. Turkish officials say President Recep Tayyip Erdogan has spoken with French President Emmanuel Macron, during which Macron said that Turkey's economic stability is important for France......»»

Category: topSource: foxnewsAug 16th, 2018

In eye of the storm, Turkey"s new finance chief faces credibility test

Turkish Finance Minister Berat Albayrak faces a key credibility test on Thursday when he hosts a conference call with global investors to reassure them that policy makers can contain the country's worst currency crisis since 2001......»»

Category: topSource: reutersAug 16th, 2018

U.S. tariffs to stay on Turkey, Qatar offers Ankara aid

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira......»»

Category: topSource: reutersAug 15th, 2018

Qatar to aid Turkey, currency rallies but U.S. says tariffs to stay

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira......»»

Category: topSource: reutersAug 15th, 2018

Qatar to aid Turkey, lira rallies, U.S. rejects lifting tariffs

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira......»»

Category: topSource: reutersAug 15th, 2018

16 Billion Reasons Why Turkey"s Currency Crisis Will Become A Debt Crisis

Earlier this week, when the T.....»»

Category: blogSource: zerohedgeAug 15th, 2018

Turkey raises tariffs on US products amid currency crisis

In response to the US doubling tariffs on Turkish steel and aluminum, Turkey has raised tariffs on several US product categories including cars, cosmetics, tobacco and alcohol......»»

Category: videoSource: cnnAug 15th, 2018

Asian shares mostly lower despite easing fears over Turkey

Shares were mostly lower in Asia early Wednesday despite a rally overnight on Wall Street as investors' jitters over the Turkish currency crisis eased......»»

Category: topSource: foxnewsAug 15th, 2018

5 Utilities Funds to Counter Turkey"s Currency Crisis

Following Turkish lira tension, investors shifted their attention toward safe-haven investments like utilities mutual fund.....»»

Category: dealsSource: nytAug 14th, 2018

Turkey"s Banks Bear Weight of Currency Crisis

Turkey’s banking system is chock full of foreign currency debt to companies. Borrowers who took out loans in U.S. dollars and euros will see the value of their payment obligations skyrocket in lira terms. A slowing economy will also intensify the pain......»»

Category: topSource: wsjAug 14th, 2018

The Latest: Turkish businesses urge Erdogan to compromise

The Latest on Turkey's currency crisis (all times local): 11:35 a.m......»»

Category: topSource: foxnewsAug 14th, 2018

Tourists find a silver lining in midst of Turkish lira crash

Tourists are flocking to Turkey as the country goes through a currency crisis. As Francis Maguire reports, travel firms have seen a sharp increase in bookings for Turkish holidays as tourists look to make the most of a cheap lira......»»

Category: videoSource: reutersAug 13th, 2018

Turkish Lira vs USD: Will Turkey Recover From The Currency Crisis

Friday, US President Donald Trump announced that he would be doubling tariffs on Turkish steel and aluminium. The move was widely seen as a response to Turkish President Recep Tayyip Erdogan refusal to releas.....»»

Category: blogSource: valuewalkAug 13th, 2018

World stocks hit one-month low as Turkish rout spreads

World markets shuddered on Monday, as Turkey's worsening currency crisis .....»»

Category: videoSource: reutersAug 13th, 2018

Futures drop on worries about Turkey currency crisis

U.S. stock index futures fell on Monday as a meltdown in Turkish lira weighed on shares of big U.S. lenders and triggered a widespread selloff in global equities......»»

Category: topSource: reutersAug 13th, 2018

World stocks hit one-month low as Turkish rout spreads

World markets shuddered on Monday, as Turkey's worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government bonds and the dollar......»»

Category: topSource: reutersAug 13th, 2018

Turkey"s currency crisis rages on as lira sinks again

The Turkish lira dropped again Monday as the country wrestled with a crisis that has rattled markets around the world......»»

Category: topSource: cnnAug 13th, 2018

Turkey Meltdown: Lira Implodes As Panicked Sellers Spark Global Contagion

The Turkish currency crisis is finally here and it is sending shockwaves aroun.....»»

Category: blogSource: zerohedgeAug 10th, 2018