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Apr 15, 2015

Turkish lira hits new low, ministers remain upbeat on outlook

ISTANBUL, April 15 (Reuters) – The Turkish lira slid to a
new record low on Wednesday on rising investor fears about
political uncertainty after a June 7 parliamentary election, but
the economy minister warned against intervention, saying the
currency would find its own level.

Economy Minister Nihat Zeybekci and Finance Minister Mehmet
Simsek also sought to boost confidence in the faltering
economy’s outlook, forecasting that growth would pick up after
the election, having slowed to 2.9 percent in 2014 from 4.2
percent a year earlier.

Apr 14, 2015

Turkish lira hits record low against dollar on political worries

ISTANBUL, April 14 (Reuters) – The Turkish lira plumbed
another record low against the dollar on Tuesday, as investors
punished the currency on fears of rising political instability
ahead of the June 7 parliamentary election.

While the resurgent dollar has hit emerging market
currencies across the board, the lira has stood out for its
underperformance, hurt by worries about both political meddling
in monetary policy and the make-up of Ankara’s economic team
after the election.

Apr 7, 2015

Turkey, Iran agree on trade but steer clear of Yemen disagreements

ISTANBUL/BEIRUT (Reuters) – Turkish President Tayyip Erdogan and Iranian counterpart Hassan Rouhani agreed to boost trade and signed a slew of deals at a meeting on Tuesday, but steered clear of directly addressing differences over conflict-ridden Yemen.

Erdogan paid a one-day visit to Iran at a time when relations between Ankara and Tehran — already strained by disagreements over Syria — have been battered by events in Yemen, where they have backed opposing combatants.

Apr 5, 2015

Turkey’s Kurdish southeast eyes economic dividend from peace

DIYARBAKIR, Turkey (Reuters) – Ending the Kurdish insurgency in Turkey’s impoverished southeast would unlock trade with Iran, Iraq and eventually Syria, and kick-start a local economy long left behind by the rest of the country.

Jailed Kurdish militant leader Abdullah Ocalan said last month it was time to end a three-decade armed struggle that has killed 40,000 people and stunted development in the region, bringing the prospect of peace closer.

Mar 26, 2015

Insight – Distrust clouds vision of Kurdish peace in Turkey

DIYARBAKIR, Turkey (Reuters) – Kurds applauded last weekend’s call from their jailed rebel leader Abdullah Ocalan to end a 30-year armed struggle against Turkey but deep suspicions on both sides could shatter dreams of peace.

Ocalan began talks with Ankara in 2012 to end a conflict which has killed 40,000 people and stunted development in NATO-member Turkey’s mainly Kurdish southeast, and impatience is growing in a peace process complicated by Kurds’ involvement in fighting Islamic State in Syria and Iraq.

Mar 26, 2015

Distrust clouds vision of Kurdish peace in Turkey

DIYARBAKIR, Turkey, March 26 (Reuters) – Kurds applauded
last weekend’s call from their jailed rebel leader Abdullah
Ocalan to end a 30-year armed struggle against Turkey but deep
suspicions on both sides could shatter dreams of peace.

Ocalan began talks with Ankara in 2012 to end a conflict
which has killed 40,000 people and stunted development in
NATO-member Turkey’s mainly Kurdish southeast, and impatience is
growing in a peace process complicated by Kurds’ involvement in
fighting Islamic State in Syria and Iraq.

Mar 21, 2015

Kurdish militant leader urges congress on peace with Turkey

DIYARBAKIR, Turkey, March 21 (Reuters) – Jailed Kurdish
rebel leader Abdullah Ocalan called on Saturday for his militant
group to hold a congress on ending a three-decade insurgency
against the Turkish state but stopped short of declaring an
immediate halt to its armed struggle.

“This struggle of our 40-year-old movement, which has been
filled with pain, has not gone to waste but at the same time has
become unsustainable,” Ocalan said in the message read out by
two Kurdish politicians at a rally to mark the Kurdish “Newroz”
New Year celebrations.

Mar 21, 2015

Kurds rally in Turkey as militant leader expected to urge progress on peace

DIYARBAKIR, Turkey, March 21 (Reuters) – Tens of thousands
of Kurds gathered in southeastern Turkey on Saturday to hear a
message from jailed militant leader Abdullah Ocalan, expected to
reaffirm his commitment to a peace process despite a war of
words with Ankara.

President Tayyip Erdogan, then prime minister, launched
talks with Ocalan in late 2012 to end a three-decade insurgency
that has killed 40,000 people, ravaged the region’s economy and
tarnished Turkey’s image abroad. Progress has been faltering
since then, but Kurdish faith in Ocalan remains undiminished.

Mar 12, 2015

Erdogan underlines rates view to Turkish central bank chief

ISTANBUL, March 11 (Reuters) – Nervous Turkish markets hoped
President Tayyip Erdogan might make peace with the central bank
governor on Wednesday, but the two seem likely at best to have
agreed to disagree on interest rate policy.

Erdogan’s demands for a sharp rate cut to boost economic
growth before a June election, even though inflation remains
high, have helped to send the lira to record lows and raised
concern about the bank’s independence.

Mar 11, 2015

Truce not consensus seen as Erdogan meets Turkish central bank chief

ISTANBUL (Reuters) – Nervous Turkish markets are hoping President Tayyip Erdogan can make peace with the central bank governor on Wednesday, but the two seem likely at best to agree to disagree on interest rate policy.

Erdogan’s demands for a sharp rate cut to boost economic growth before a June election, even though inflation remains high, have helped to send the lira to record lows and raised concern about the bank’s independence.

    • About Daren

      "I am based in Istanbul where I cover a broad range of financial and general news. I joined Reuters in Ankara in 1996 and left Turkey to work in London in 2000. I returned to Istanbul in 2003."
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