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The comments were expected to add to concerns about monetary policy independence in the embattled economy.
The lira tumbled 4% on Friday. At a rally on Sunday, President Erdogan warned the financial industry: "I will make you pay a very heavy price."
Burj Al Babas was designed as a luxury community for foreign buyers, but its villas are still empty.
Trump says ‘the generals’ asked for more time in Syria, but he said ‘Nope’ because ‘We’ve knocked them silly’...
Trump said the US cannot be "the policeman of the world" and called on other countries to help Syria rebuild.
Trump administration’s reported effort to ‘barter’ a US resident to convince Turkey to ramp down Khashoggi probe stuns foreign-polic...
The White House's reported effort to extradite Fethullah Gulen sheds light on President Trump's efforts to ease rising tensions with Turkey.
A new $11.7 billion airport just opened in Turkey, and it could become one of the world’s biggest. Take a look inside the giant hub.
On Monday, Turkish President Recep Tayyip Erdogan opened the new Istanbul Airport, which aims to be the largest in the world.
Several members of Erdogan's ruling AK Party also vowed not to "allow a cover-up" of what really happened to Khashoggi inside the Istanbul consulate during his final moments.
Turkey's currency slipped Wednesday after data showed inflation rising for a sixth straight month to its highest level in 15 years as a deepening crisis in the country pressures prices.
Turkey may need more than just rate hikes to shore up capital. Specifically, it needs about $75 billion, according to Macquarie strategists Thierry Wizman and Gareth Berry, or about 1.5 times what the International Monetary Fund agreed to loan Argentina in the largest bailout deal in its history.
The Turkish lira dives after Erdogan calls for lower interest rates — stoking fears about central bank independence
Turkish President Recep Erdogan on Thursday called interest rates a "tool of exploitation" and called for low interest rates. The Turkish central bank is due to make its latest interest decision public later today.