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Apr 22, 2015

Turkish central bank leaves rates on hold as election looms

ISTANBUL, April 22 (Reuters) – Turkey’s central bank left
key interest rates unchanged on Wednesday, holding fire ahead of
a June parliamentary election, even as the lira’s slide to
record lows risks fuelling inflation.

However the bank took steps on liquidity management, making
a “measured cut” in its forex depo lending rate, the rate at
which banks can borrow emergency dollar funds, and hiking the
amount it pays banks on lira reserves.

Apr 21, 2015

Pro-Kurdish party vows to be ‘nightmare’ for Turkey’s Erdogan

ISTANBUL (Reuters) – Turkey’s pro-Kurdish Peoples’ Democratic Party (HDP) vowed on Tuesday to be President Tayyip Erdogan’s “nightmare” if it enters parliament after a June election by blocking his plans for an executive presidency.

Unveiling a leftist election manifesto which reaches beyond its Kurdish grassroots, the HDP also demanded greater rights for women and minorities in Turkey while reaffirming its support for ending a 30-year conflict between the state and Kurdish rebels.

Apr 19, 2015

Main Turkish opposition in election vow to boost economy, democracy

ISTANBUL (Reuters) – Turkey’s main opposition promised on Sunday to revitalize a flagging economy and boost democracy in an election manifesto which accused the ruling AK Party of polarizing the country and leaving millions in poverty during its 13 years in power.

The AK Party is expected to win the June 7 parliamentary election comfortably, but uncertainty over whether it will gain enough support to change the constitution and boost the powers of President Tayyip Erdogan has recently unnerved investors.

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.

    • 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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