NEW YORK/ISTANBUL, March 27 (Reuters) – Ratings agency
Standard & Poor’s raised Turkey to within a whisker of
investment grade on Wednesday, citing a rebalancing economy and
progress in a Kurdish peace process, but the move failed to
impress the country’s finance minister.
The ratings agency lifted Turkey’s sovereign credit rating
to BB-plus from BB with a stable outlook, noting that its
external financing requirements had declined thanks to strong
exports and a drop in domestic demand.
ISTANBUL, March 27 (Reuters) – Turkey’s central bank
signalled a move away from its focus on protecting the economy
against hot money on Wednesday, hunkering down instead for the
threat of falling capital inflows if the crisis in Cyprus
triggers global risk aversion.
The bank said there had been a “notable” deceleration in
inflows recently and that this, combined with its tighter
liquidity policy, would dampen the credit growth it has spent
much of the past two years trying to keep in check.
ISTANBUL (Reuters) – Prime Minister Tayyip Erdogan accused Kurdish politicians on Friday of trying to sabotage talks to end a 28-year-old insurrection, lamenting the absence of Turkish flags during a mass rally to mark a ceasefire by Kurdish rebels.
Jailed rebel leader Abdullah Ocalan ordered his fighters to cease fire and withdraw from Turkey in a letter read to hundreds of thousands in the city of Diyarbakir in the mainly Kurdish southeast on Thursday. Kurdish red-yellow-green flags and banners displaying Ocalan’s face dominated the crowd.
DIYARBAKIR, Turkey (Reuters) – Kurdish politician Abdullah Demirbas is haunted by the nightmare vision of his two sons meeting in the hills of southeastern Turkey.
The first left home at 16 to join Kurdish rebels fighting the Turkish army, and now his older brother is signing up on the government side. Like many Kurds weary of a war that has killed 40,000, he prays talks between fighters and government will bring the swift, lasting peace that has eluded generations.
DIYARBAKIR, Turkey, March 14 (Reuters) – Kurdish politician
Abdullah Demirbas is haunted by the nightmare vision of his two
sons meeting in the hills of southeastern Turkey.
The first left home at 16 to join Kurdish rebels fighting
the Turkish army, and now his older brother is signing up on the
government side. Like many Kurds weary of a war that has killed
40,000, he prays talks between fighters and government will
bring the swift, lasting peace that has eluded generations.
ANKARA (Reuters) – Burhan Kuzu has a weighty responsibility: drafting a new constitution that could set Turkey on the path to democratic maturity or send it lurching towards greater authoritarianism.
Time is not on his side.
Kuzu heads a cross-party commission that has until April to reconcile its differences on replacing the current constitution, a text born out of a 1980 coup which, despite numerous revisions, still bears the stamp of military tutelage.
ISTANBUL (Reuters) – A member of a Turkish leftist group that accuses Washington of using Turkey as its “slave” carried out a suicide bomb attack on the U.S. embassy, the Ankara governor’s office cited DNA tests as showing on Saturday.
Ecevit Sanli, a member of the leftist Revolutionary People’s Liberation Army-Front (DHKP-C), blew himself up in a perimeter gatehouse on Friday as he tried to enter the embassy, also killing a Turkish security guard.
ISTANBUL (Reuters) – A Turkish leftist group claimed responsibility on Saturday for a suicide bomb attack on the U.S. embassy and accused Washington of using Turkey as its “slave”, according to a statement posted on the internet.
The Revolutionary People’s Liberation Army-Front (DHKP-C) said it carried out Friday’s attack, in which a suicide bomber detonated explosives strapped to his body at the embassy in Ankara, killing himself and a Turkish security guard.
ISTANBUL, Jan 28 (Reuters) – An arcane British appeals court
will decide this week whether one of Turkey’s richest tycoons
can retain control of Turkcell, the country’s biggest mobile
phone operator, in a dispute pitting him against Russian
billionaire Mikhail Fridman.
The Privy Council, one of Britain’s oldest institutions
whose members are appointed by the Queen, will rule on Wednesday
in the long-running boardroom battle between Mehmet Emin
Karamehmet, one of Turkey’s most powerful businessmen, and
Altimo, the telecoms arm of Fridman’s Alfa Group.
ISTANBUL, Jan 24 (Reuters) – Turkish Airlines, the world’s
fastest-growing carrier, plans to order more than 100
narrow-body planes by the end of March, underlining its position
as a key client for global planemakers after buying billions of
dollars worth of larger models in 2012.
Chairman Hamdi Topcu told Reuters the airline would finalise
five new Airbus A330-300 orders this week on top of the 35
wide-body aircraft ordered from rivals Airbus and
Boeing last year, then focus on expanding its fleet of