Turkey News
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Updated 21 minutes ago
Abdullah Demirbas told his two sons that Turkey’s Kurds should claim their rights through politics, not war. One agreed, and is preparing to start compulsory service in Turkey’s army. The other didn’t, and fled to the mountains to join militants fighting against it.
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Updated 26 minutes ago
The lira climbed to its strongest level in more than eight months and bond yields dropped as traders said speculation was building that Turkey will receive a second investment-grade rating.
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Updated 34 minutes ago
London Heathrow defended its status as Europe’s busiest airport in 2012, a year when growth rates at major hubs slowed amid the debt crisis and booming cities such as Istanbul challenged more established centers like Madrid.
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Emerging-market stocks fell to a one-week low and currencies weakened after the World Bank and Germany cut economic growth forecasts and India’s central bank chief tempered expectations for monetary stimulus.
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Updated 12 minutes ago
Japanese individuals are following Bill Gross’s lead, boosting their holdings of Mexican debt fivefold to profit from the Latin American country’s higher interest rates and the peso’s record rally.
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Bad debt in eastern Europe, already exceeding a third of all lending in several countries, will stay at high levels and cast a pall over hopes of restoring credit growth, according to the region’s leading bankers.
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Updated 2 hours, 19 minutes ago
Haci Omer Sabanci Holding AS, Turkey’s second-largest group of companies, said any sale of shares in pensions and life insurance provider AvivaSA Emeklilik & Hayat AS should value the company at a minimum of $1 billion.
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Updated 2 hours, 2 minutes ago
Emaar Properties PJSC, the developer that makes up almost a quarter of Dubai’s benchmark stock index, is considering spinning off its malls unit and Turkish business as it looks for ways to boost shareholder returns, according to two people briefed on the company’s internal discussions.
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The assassinations last week in Paris of three female Kurdish activists from Turkey have, for now at least, had the opposite effect to the one their perpetrators almost certainly intended.
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Updated 1 hour, 14 minutes ago
The New York Knicks are bringing a reason for optimism to their fans in London.
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