Turkey: Qatar National Bank acquires Finansbank

Gulf region's largest bank will buy stake owned by the National Bank of GreeceANKARA - Qatar National Bank (QNB) agreed on Tuesday to acquire...

Gazprom positive over Turkish Stream despite Syria row

Gazprom CEO says gas pipeline unaffected by political tensions between Turkey, Russia over Syria ANKARA - Political factors will not affect agreement between Russia and Turkey...

Mexico’s Pemex to sharply reduce oil crude production

State-run oil company loses $29B in 2015By Nancy Caouette MEXICO CITY -- The state oil company here said Monday that it would reduce...

IMF says ready to assist Greece ‘if requested’

International Monetary Fund ready to help crisis-hit Greece, says Christine Lagarde ATHENS/LONDON  - The International Monetary Fund (IMF) on Monday said it was ready to help Greece...

Default histories reveal Greece not alone in facing crises

Over the past two centuries, many countries have faced defaults, especially during the period of two world wars in the last centuryWASHINGTON –...

Borsa Istanbul down at close of daily session

BIST-100 index goes down at close of daily session Tuesday, May 5, 2015. ISTANBUL - Borsa Istanbul's BIST-100 index was down at the close of the daily session...

Istanbul Gold Exchange up

Istanbul Gold Exchange index gains 1.94 percent in value Friday, Sept. 18, 2015ISTANBUL - The Istanbul Gold Exchange index gained 1.94 percent in value on Friday, Sept. 18,...

Foreign Exchange Rates

- Buying and selling rates of the USD, Euro and British Pound in Istanbul and Ankara at midday Monday, May 11, 2015. ISTANBUL - The...

IMF's Lagarde: Nigeria must cease to depend on oil

Managing Director Lagarde says IMF will provide technical assistance so that government may promote growth in private sectorBy Rafiu AjakayeLAGOS, Nigeria - The...

Brazil markets pare losses after S&P downgrade anxiety

Experts warn a second agency 'junking' would cause investors to pull out of Latin America's largest economyBy Ben TavenerSAO PAULO - Brazil's stocks regaining losses Thursday...

Turkish Eng. regulations to solve ‘technology’ glitches

- New regulations will solve problems in energy market caused by new technologies: Head of Turkish Energy Mkt. Reg. Auth. ISTANBUL - Problems caused by...
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Major economies to pick up, emerging economies to slow: IMF

- 'Complex forces shaping prospects around the world' say report on global economic outlook.WASHINGTON - Growth in advanced economies is projected to strengthen...

Mexico hikes key rate; cuts budget to boost peso

Currency gains 60 cents after adjustment measures By Nancy CaouetteMEXICO CITY – In a surprising move Wednesday, the head of Mexico’s central...

Malaysia slows to 5 percent economic growth in 2015

Economy expected to further slow down to 4.4 percent this year, due to higher risk profile and external challengesBy P Prem KumarKUALA LUMPUR ...

Federal Reserve governor prepares for US rate rise

-Janet Yellen indicates US economic improvement is approaching conditions for interest rate hikeANKARA - The U.S. economy has improved to a point that...

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