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Sep 1, 2015

Turkish raids on firms close to cleric raise fears of pre-election crackdown

ISTANBUL (Reuters) – Turkish police on Tuesday raided the offices of a conglomerate linked to a U.S.-based cleric accused of plotting against President Tayyip Erdogan, a move seen by critics as a bid to silence opposition media two months ahead of an election.

Erdogan, who wants the ruling AK Party to win back a majority in a snap Nov. 1 election, accuses Gulen of seeking to overthrow him by means of a “parallel structure” of supporters in the judiciary, police, the media and other institutions.

Sep 1, 2015

Turkish police raid conglomerate with close links to cleric Gulen

ISTANBUL, Sept 1 (Reuters) – Turkish police raided the
offices of a conglomerate with close links to U.S.-based Muslim
cleric Fethullah Gulen, an ally-turned-foe of President Tayyip
Erdogan, company officials said on Tuesday.

Erdogan, who wants to win back a majority for the ruling AK
Party in a snap Nov. 1 election, accuses Gulen of seeking to
overthrow him by means of a “parallel structure” of supporters
in the judiciary, police, the media and other institutions.

Aug 27, 2015

Insight – Renewed Kurdish conflict angers Turks, overshadows election

ISTANBUL (Reuters) – Clinging to his brother’s coffin, draped in the red Turkish flag, Lieutenant Colonel Mehmet Alkan’s outburst was a rare public show of defiance from a serving officer as Turkish jets bombard Kurdish militants.

“Who is his murderer? Who caused this? How come those who spoke of settlement until yesterday now speak of war,” he shouted in front of television cameras as they filmed mourners, in thinly-veiled reference to Turkey’s political leaders.

Aug 27, 2015

Renewed Kurdish conflict angers Turks, overshadows election

ISTANBUL (Reuters) – Clinging to his brother’s coffin, draped in the red Turkish flag, Lieutenant Colonel Mehmet Alkan’s outburst was a rare public show of defiance from a serving officer as Turkish jets bombard Kurdish militants.

“Who is his murderer? Who caused this? How come those who spoke of settlement until yesterday now speak of war,” he shouted in front of television cameras as they filmed mourners, in thinly-veiled reference to Turkey’s political leaders.

Aug 18, 2015

Turkey holds interest rates, shrugs off weak lira, political tensions

ISTANBUL, Aug 18 (Reuters) – Turkey’s central bank held
interest rates on Tuesday after a drop in food and energy prices
eased inflationary pressures, maintaining a cautious stance with
one eye on political tensions that have driven the lira to
record lows.

Prime Minister Ahmet Davutoglu is expected on Tuesday to
relinquish the mandate to form the next government after
coalition talks failed, raising the prospect of another
parliamentary election in the autumn after June’s indecisive
vote.

Aug 13, 2015

Turkish lira at record low, stocks slide after coalition talks ends

ISTANBUL, Aug 13 (Reuters) – The Turkish lira hit a record
low and stocks tumbled 3 percent on Thursday after coalition
talks between the ruling AK Party and the main opposition ended
negatively, setting the stage for a snap election.

“It’s not clear when elections will be. But the idea is that
it probably will act as yet another catalyst that impedes
investment,” said Manik Narain, a strategist at UBS in London.

Jul 23, 2015

Turkey keeps rates on hold in post-election uncertainty

ISTANBUL, July 23 (Reuters) – Turkey’s central bank kept
interest rates on hold for the fifth straight month on Thursday,
remaining cautious as political uncertainty blunted consumer
confidence and a drop in food prices took pressure off
inflation.

Prime Minister Ahmet Davutoglu’s AK Party has until late
August to find a junior coalition partner or face a snap
election after losing its single-party majority at the polls
last month. It is in preliminary talks with the main opposition,
but progress appears to be slow.

Jul 14, 2015

Van Persie receives rapturous welcome to Fenerbahce

ISTANBUL (Reuters) – Netherlands striker Robin van Persie vowed on Tuesday to rekindle his goal-scoring prowess and help Fenerbahce win trophies as he joined the Turkish club from Manchester United on a three-year deal.

Donning the blue-and-yellow striped kit of the Turkish league runners-up, van Persie stepped out in front of thousands of cheering fans, a few setting off flares, at a signing ceremony in their stadium on the Asian side of Istanbul.

Jul 1, 2015

Political uncertainty threatens Turkey’s economy as World Bank cuts forecasts

ISTANBUL, July 1 (Reuters) – The World Bank cut its growth
forecasts for Turkey on Wednesday as uncertainty over who will
govern exacerbated the country’s economic weaknesses and
vulnerability to global liquidity tightening.

Parliamentary elections on June 7 failed to give any party a
clear majority, plunging the lira to record lows against the
dollar. The AK Party, which lost its single-party rule for the
first time since coming to power in 2002, is now looking for a
junior partner to form a coalition government.

Jun 30, 2015

Turkey says any Syria measures not act of war but to preserve border security

ANKARA/ISTANBUL (Reuters) – A top aide of Tayyip Erdogan rejected accusations the Turkish president was ready to pitch the country’s armed forces into war in Syria and said any security measures it took would be intended only to secure its southern frontier.

Turkey’s main opposition leader said the “drums of war” were beating as part of an effort to bolster Erdogan’s authority after the AK Party lost its majority in polls. However, armed action across the border in Syria, where Kurdish militia and Islamist militants vie for control, would be disastrous.

    • 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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