ISTANBUL, April 4 (Reuters) – Turkey’s lira weakened on
Friday after Prime Minister Tayyip Erdogan said the central bank
should cut interest rates, a day after the bank’s governor had
said fighting inflation remained a priority and rates at
existing levels would do the job.
Investors have long feared the government exerting pressure
on the central bank to keep rates artificially low as it moves
into an election cycle, and have warned how detrimental this
would be to Turkey’s struggle against inflation and external
KONYA, Turkey (Reuters) – If Prime Minister Tayyip Erdogan is fighting the toughest battle of his political career as corruption allegations swirl and elections approach, Turkey’s conservative Anatolian heartlands appear to have his back.
Here, far from dividing his pious core supporters, the graft scandal and bitter power struggle with a U.S.-based cleric have served only to stir more devotion to a man they see as Turkey’s greatest modern leader, delivering hospitals and schools and breaking the grip of secular elites over the past decade.
ISTANBUL, March 26 (Reuters) – Turkish stocks firmed on
Wednesday after the government cleared the way for the central
bank to pay interest on banks’ lira required reserve deposits.
The central bank has said it may take such a step in a
limited capacity and if needed, to boost liquidity in the
financial system and help counter any economic slowdown.
BERLIN, March 17 (Reuters) – Italian Prime Minister Matteo
Renzi on Monday assured German Chancellor Angela Merkel, a
long-standing champion of European Union budget rigour, that he
aimed to accelerate growth while respecting deficit spending
Renzi last week announced a sweeping package of tax cuts,
including 10 billion euros ($13.9 billion) in income-tax
reductions, to help spur consumer demand, saying spending cuts
and extra borrowing would fund the measures.
BRUSSELS/BERLIN (Reuters) – The European Union has drawn up a list of 120-130 Russians who could be hit with travel bans and asset freezes for their actions over Crimea, European diplomats said on Friday, but the final register of names will only be decided on Sunday.
The five-page list, including senior figures in Russia’s military and political establishment, was drawn up with the assistance of EU diplomats with experience in Moscow, officials told Reuters. It is now being reviewed in Brussels.
BERLIN (Reuters) – Germany’s Catholic bishops elected Munich Cardinal Reinhard Marx their new leader on Wednesday, picking a close associate of Pope Francis already working on Vatican reform to also guide them at home.
Marx’s election in Germany, one of the richest and most influential national churches in the 1.2-billion-strong Roman Catholic world, enhanced his status among the men the pope has called on to help him revitalize the Catholic Church.
MOSCOW (Reuters) – While others in Europe debate how best to contain Vladimir Putin, Germany’s foreign minister is on a mission to revive damaged ties with Moscow with a combination of public flattery and behind-the-scenes diplomacy.
Frank-Walter Steinmeier’s Social Democrats (SPD), junior partner in Chancellor Angela Merkel’s new coalition, enjoy better chemistry with Russia’s leaders than her previous center-right government and he hopes this can open channels on Syria and Ukraine and help Brussels and Moscow to see eye-to-eye.
BERLIN (Reuters) – Asian films were big winners at the Berlin International Film Festival on Saturday, led by gritty Chinese thriller “Bai Ri Yan Huo” (Black Coal, Thin Ice) about an overweight detective pursuing a serial killer which took the top Golden Bear prize.
Liao Fan, who said he put on 20 kg (44 lb) and drank more alcohol to play the role of detective Zhang Zili, was named Best Actor.
BERLIN (Reuters) – The gritty Chinese thriller “Bai Ri Yan Huo” (Black Coal, Thin Ice), which features an overweight detective on the trail of a serial killer, won the Golden Bear for best film on Saturday at the Berlin International Film Festival.
Liao Fan, who played detective Zhang Zili, was named Best Actor, while Haru Kuroki won Best Actress for her portrayal of a housemaid in the Japanese film “Chiisai Ouchi” (The Little House).
MOSCOW, Feb 14 (Reuters) – Russia accused the European Union
on Friday of seeking to create a “sphere of influence” on its
borders by pressing Ukraine to choose closer ties with the
Western bloc at the expense of relations with Moscow.
Foreign Minister Sergei Lavrov sharpened Russian allegations
of Western interference in its neighbour’s turbulent affairs at
a joint news conference after talks with his German counterpart,