Football is the latest Turkish industry to face a large-scale debt revamp after the country’s top teams suffered money-losing seasons and borrowed heavily to...
An interest rate hike by Turkey’s central bank Thursday might just be the lesser of two evils for the country’s beleaguered companies. On the one hand, a...
Confronted with a plunging lira, Turkey’s central bank last month urged the general public to borrow in the currency in which they are paid. That warning came...
Even in Recep Tayyip Erdogan’s electoral stronghold, businessmen like Halit Ozkaya can’t help but complain about the currency crisis the president instigated...
The Turkish economy is overheating. That could be a problem for President Recep Tayyip Erdogan as much as it is for the nation’s creditors.The lira is...
Yildiz Holding, owner of companies including Godiva Chocolates and United Biscuits, requested the largest loan ever from Turkish banks, citing difficulties...
Dubai’s biggest bank is in talks to potentially acquire Sberbank PJSC’s wholly owned Turkish unit, joining peers from Qatar and Kuwait that have expanded in...
Turkish stocks, bonds and the lira fell after a weekend report in a local newspaper said six Turkish banks may face penalties resulting from a U.S....
The Turkish lira corporate bond market is in the doldrums and the nation’s largest independent fund manager says the government needs to step in to get it...
Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now,...
ISTANBUL: Deals in Turkey’s project-finance market are hitting a wall despite the government’s efforts to invest in roads, energy and hospitals in...
ISTANBUL: After years of being gradually eclipsed as President Recep Tayyip Erdogan forges a “new Turkey” with Islam firmly at its heart, the secular...
ISTANBUL: Turkey’s lira rose 3 percent against the dollar Monday, regaining much of the ground it lost after Friday’s failed coup as investors took heart from...
ISTANBUL: When Demet Mutlu dropped out of Harvard six years ago to found an online fashion retailer in her native Turkey, friends thought she was crazy to...
ISTANBUL: After years of growth fueled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a...
ISTANBUL: Turkish conglomerates are racing to add high-end apartment blocks and office towers to Istanbul’s rapidly changing skyline, turning to one of the...
ANKARA/ISTANBUL: Turkish Prime Minister Ahmet Davutoglu has chosen deputy central bank Governor Murat Cetinkaya to be the governor, two senior officials told...
ISTANBUL: On a normal winter’s day, Ramazan Uslanmaz would lead two groups of tourists around Istanbul’s historic Sultanahmet district, from the towering...
ISTANBUL: When Turkey’s government increases the minimum wage by around 30 percent in January it will make good on an election promise to millions of workers...
ISTANBUL: ING Group NV, BNP Paribas and Bahrain-based Arab Banking Corp (ABC) have submitted bids to buy HSBC’s Turkish business, a source familiar with the...
ANKARA/ISTANBUL: President Recep Tayyip Erdogan blamed an “interest rate lobby” of speculators for the Turkish lira’s slide and said he would discuss its...
ANKARA: Turkey extended a warning to its citizens in Iraq to leave all but the Kurdish-run north on Wednesday, citing a potential battle for Baghdad and...
ISTANBUL: Turkish households and firms are hoarding dollars, suggesting they have little faith the lira will be spared a further emerging markets sell-off...
ISTANBUL: Immaculately coiffed with a camera-ready smile, Mustafa Sarigul’s composure cracks a little as his campaign bus swings toward Istanbul’s old city...
DUBAI/ISTANBUL: Qatari-backed broadcaster Al-Jazeera is considering a bid for a majority stake in Turkish pay-TV company Digiturk to boost its soccer offering...