ANKARA (Reuters) – Turkish growth will pick up as uncertainty over a June election clears, leaving more room for interest rate cuts, Economy Minister Nihat Zeybekci said, adding the government may lift some food import restrictions to fight inflation.
In an interview with Reuters late on Tuesday, Zeybekci said he expected growth to accelerate to well above 1.5 percent in the second quarter and that a 4 percent government growth target this year remained attainable.
ISTANBUL (Reuters) – Turkish police fired tear gas and water cannon at hundreds of stone-throwing May Day protesters on Friday, after they defied a ban and tried to march on Istanbul’s Taksim Square.
Europe’s biggest city was under a security lockdown as thousands of police manned barricades and closed streets to stop demonstrations at Taksim, a traditional rallying ground for leftists that saw weeks of unrest in 2013.
ISTANBUL (Reuters) – Istanbul went into a security lockdown on Friday as thousands of police manned barricades and closed streets to stop May Day rallies at Taksim Square, a symbolic point for protests.
Citing security concerns, authorities shut down much of the city’s public transport and dispatched riot police to block Taksim off from demonstrators. A traditional rallying ground for leftists, the central square saw weeks of unrest in 2013.
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.