ISTANBUL (Reuters) – Anyone watching the multitude of Turkish television stations broadcasting President Tayyip Erdogan’s speeches on an almost daily basis might be forgiven for thinking he was the one standing in a June election.
His lobbying for the ruling AK Party ahead of the parliamentary election and interference in government affairs while holding what has long been a ceremonial post is raising the hackles of senior ministers and exposing fractures in the party he founded more than a decade ago.
ISTANBUL/BERLIN (Reuters) – The United States still wants a negotiated political settlement in Syria that excludes President Bashar al-Assad, according to a senior U.S. envoy, but Washington’s close ally Germany said talks with the Damascus government might still be necessary.
As German Foreign Minister Frank-Walter Steinmeier hosted talks of the coalition against Islamic State on Wednesday which included the U.S. special envoy John Allen, the pair appeared to contradict each other on how to handle Assad’s government.
ISTANBUL, March 9 (Reuters) – Turkish Central Bank Governor
Erdem Basci, a technocrat reluctantly thrust into a standoff
with President Tayyip Erdogan, appears to believe he will
eventually ride out the storm.
In his shoes, many bank chiefs might already have quit.
Erdogan’s relentless demands for sharper interest rate cuts, his
assertion that the bank is under outside influence, and his
equating of high rates with treason have left Basci struggling
to restore investors’ confidence.
ISTANBUL (Reuters) – By extracting dozens of its soldiers surrounded by Islamist fighters in Syria, Turkey has warded off a potential crisis and shown its ability to maneuver between rival warring parties, including Islamic State.
Several hundred Turkish ground troops, backed by tanks and drones, mounted an eight-hour operation on Saturday night to evacuate the 38 soldiers guarding the tomb of Suleyman Shah, grandfather of the founder of the Ottoman Empire.
ISTANBUL (Reuters) – Finance officials from the Group of 20 leading economies sketched an uncertain outlook for global growth on Tuesday and vowed to use monetary and fiscal policy if needed to stem any risk of stagnation.
The United States urged nations at the G20 meeting not to resort to currency devaluations to boost exports, an indication Washington is starting to feel wary of its allies manipulating their exchange rates to support growth.
ISTANBUL (Reuters) – The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth.
The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies running at different speeds, monetary policies diverging and Greece casting a new shadow over Europe.
ISTANBUL, Feb 10 (Reuters) – The Group of 20 (G20) leading
economies will pledge to act decisively on monetary and fiscal
policy if needed to combat the risk of persistent stagnation,
according to a draft communique obtained by Reuters on Tuesday.
The communique, intended for adoption by G20 ministers later
on Tuesday at a meeting in Istanbul, pointed to the risk of
prolonged low inflation, sluggish growth and demand weakness in
some advanced economies.
ISTANBUL (Reuters) – Finance ministers and central bankers face a tough task coordinating action to spur global growth at G20 meetings this week, with major economies running at different speeds and monetary policies diverging.
Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday.
ISTANBUL, Jan 21 (Reuters) – Turkish Central Bank Governor
Erdem Basci must be wondering what more he can do to get
President Tayyip Erdogan off his back.
Hours after delivering a 50 basis point interest rate cut on
Tuesday, wider than most economists had expected, Erdogan and
government ministers were falling over themselves to lambast him
for not cutting far enough.
Turkish Prime Minister Ahmet Davutoglu accused his Israeli counterpart Benjamin Netanyahu on Friday of terrorism and said Israeli “provocations” such as the bombardment of Gaza were contributing to radicalization in the Muslim world.