News

Global stocks mixed on tepid US inflation, trade talk hopes

Agence France-Presse
Posted at Sep 14 08:12 AM

Analysts also said sentiment was boosted by a Turkish decision to hike interest rates, which boosted the Turkish currency. Read more »

Turkey central bank hikes policy rate by 625 basis points

Reuters
Posted at Sep 13 08:45 PM

Turkey's central bank raised its benchmark rate by 625 basis points on Thursday in a move that boosted the lira and may ease investor concern about President Tayyip Erdogan's influence on monetary policy. Read more »

Trade talks over authentic Turkish meal

ABS-CBN News
Posted at Aug 31 05:55 PM

Annalisa Burgos visits Turkish Ambassador to the Philippines Esra Cankorur's home where they discussed Filipino-Turkish bilateral relations over an authentic Turkish meal. Read more »

Lira, rand tumble after Argentine peso crashes

Claire Milhench, Reuters
Posted at Aug 30 05:55 PM

The Argentine peso crashed over 7 percent after a collapse in investor confidence in President Mauricio Macri's government. The central bank intervened to try and stabilize the peso, but the currency still closed at a record low of 34.10 per dollar. Read more »

Indonesia central bank hikes rates as Turkey crisis bites

Agence France-Presse
Posted at Aug 15 09:36 PM

Indonesia's central bank hiked interest rates Wednesday in a bid to shield the slumping rupiah from a selloff in emerging market currencies as Turkey's financial crisis roils global markets.   Read more »

Turkey slaps retaliatory tariff hikes on key US products

Fulya Ozerkan, Agence France-Presse
Posted at Aug 15 08:52 PM

Turkey hiked Wednesday tariffs on imports of several key US products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that has battered the Turkish lira showed no sign of ending. Read more »

Foreign tourists get surprise bonanza from Turkey woes

Fulya Ozerkan, Agence France-Presse
Posted at Aug 14 09:08 PM

The collapse of the Turkish lira has caused trauma as Turks see their purchasing power slashed, but bargain-hunting foreign tourists visiting the country at the peak of the summer season are cashing in on a currency windfall. Read more »

World stocks hit one-month low as Turkish rout spreads

Abhinav Ramnarayan, Reuters
Posted at Aug 13 07:05 PM

World markets shuddered on Monday, as Turkey's worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government bonds and the dollar. Read more »

Asia shares, euro pressured by Turkish crisis

Wayne Cole, Reuters
Posted at Aug 13 08:52 AM

Japan's Nikkei lost 0.95 percent and MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 percent as bourses across the region turned red. Read more »

Turkey is a 'target of economic war,' Erdogan says

Humeyra Pamuk, Reuters
Posted at Aug 12 06:23 AM

Speaking after US President Donald Trump doubled tariffs on Turkish steel and aluminium imports, Erdogan described Friday's 18 percent fall in the lira to a record low as the "missiles" of an economic war waged against Turkey. Read more »

Asian shares down on trade anxiety; lira, rouble hit by economic worries

Reuters
Posted at Aug 10 09:22 AM

Washington said it would impose fresh sanctions because it had determined that Moscow used a nerve agent against a former Russian agent and his daughter in Britain, which the Kremlin denies. Read more »

Ozil quits German national side citing racism over Turkish heritage

Michelle Martin, Reuters
Posted at Jul 23 12:40 PM

German soccer star Mesut Ozil said on Sunday he would no longer play for the national team because he faced "racism and disrespect" because of his Turkish roots. Read more »

Turkey train disaster leaves 24 dead, hundreds hurt

Agence France-Presse
Posted at Jul 10 12:35 AM

Twenty-four people were killed and hundreds injured when a train packed with weekend passengers derailed in northwest Turkey due to ground erosion after heavy rains, officials said Monday. Read more »

Turkey sacks 18,500 state employees in new decree

Agence France-Presse
Posted at Jul 08 02:50 PM

Turkish authorities ordered the dismissal of more than 18,500 state employees including police officers, soldiers and academics, in a decree published on Sunday. Read more »

See how coffee has evolved around the world one sip at a time

ABS-CBN News
Posted at Jul 05 01:32 PM

Over 2.2 billion cups of coffee are consumed around the world every single day, making coffee the second most traded commodity in the planet after crude oil. Read more »

Turkey's Erdogan wins presidential election, opposition yet to concede

Ece Toksabay and Tuvan Gumrukcu, Reuters
Posted at Jun 25 09:47 AM

Erdogan pledged that authorities, who have waged a nationwide crackdown since a failed military coup 2 years ago, would act more decisively against terrorist organizations. Read more »

Turkey tells Israeli ambassador to leave over Gaza killings

Reuters
Posted at May 16 02:13 AM

ANKARA - Turkey told Israel's ambassador to leave the country on Tuesday after Israeli forces killed 60 Palestinians during protests on the Gaza border against the opening of the U.S. Embassy in Jerusalem.   Read more »

Quake in southeast Turkey injures 39 - state news agency

Reuters
Posted at Apr 24 05:33 PM

An earthquake struck Turkey's southeastern province of Adiyaman early on Tuesday, injuring 39 people and damaging buildings, state-run Anadolu news agency reported. Read more »

Visit the Virgin Mary's last known home

ABS-CBN News
Posted at Apr 20 08:10 PM

At the outskirts of the ancient city of Ephesus, found at the southwest of present-day Selçuk, Turkey, is what scholars have identified as the last known residence of the Virgin Mother Mary. Read more »

Four staffers dead in Turkish university shooting: reports

Agence France-Presse
Posted at Apr 05 08:53 PM

A gunman on Thursday killed four members of staff in a shooting at a university in the western Turkish city of Eskisehir, reports said.   Read more »