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.
ISTANBUL (Reuters) – 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.
In a Reuters interview, Davutoglu said peace in the Middle East and the eradication of extremist groups would be virtually impossible without the establishment of a Palestinian state.
ISTANBUL (Reuters) – President Tayyip Erdogan’s tightening grip on power is likely to meet little more than symbolic resistance from the West next year, as Turkey’s G20 presidency and the fight against Islamic State trump concerns about a slide towards authoritarianism.
Critics at home and abroad see Erdogan as an increasingly unpredictable leader, bent on a more powerful presidency and revenge on his political enemies. They fear he is taking Turkey ever further from Western standards on rule of law and free speech.
Turkish police have raided media outlets close to U.S.-based Muslim cleric Fethullah Gülen, in what President Tayyip Erdogan defended as a necessary response to “dirty operations” by the government’s political enemies.