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  • Wed, Nov. 30, 2:03 AM
    • Turkey's armed forces are not just in Syria to battle ISIS and al-Qaeda terrorists, but are on a mission to overthrow the Syrian regime.
    • "We entered there to end the rule of the tyrant al-Assad who terrorizes with state terror," said President Recep Tayyip Erdogan, insisting his forces weren't in Syria for "any other reason."
    • Turkish troops entered the country on Aug. 24, launching operation Euphrates Shield.
    • ETFs: TUR, TKF
    | Wed, Nov. 30, 2:03 AM | 23 Comments
  • Fri, Nov. 25, 5:13 AM
    • "Turkey could open its gates for migrants to Europe if pushed by the EU," warned President Tayyip Erdogan, a day after European lawmakers voted for a temporary halt to EU membership talks with Ankara.
    • MEPs overwhelmingly backed the decision citing Turkey's post-coup purges, the closure of numerous media outlets and the possible restoration of the death penalty.
    • ETFs: TUR, TKF
    | Fri, Nov. 25, 5:13 AM | 4 Comments
  • Fri, Nov. 25, 4:02 AM
    • Faced with a rapidly sliding currency in the wake of the U.S. presidential election, the Turkish central bank raised interest rates yesterday for the first time in almost three years.
    • The lira bounced higher after the decision, which included a 0.5 percentage point rise in its benchmark one-week rate to 8%, but reversed course swiftly, hitting a record low.
    • The currency now stands at 3.42 to the dollar, down 15% this year and over 9% in November alone.
    • ETFs: TUR, TKF
    | Fri, Nov. 25, 4:02 AM
  • Thu, Nov. 24, 4:11 AM
    • The European Parliament is scheduled to vote today on suspending negotiations to bring Turkey into the EU, infuriating Ankara and possibly hastening the end of a long and troubled process.
    • Leading MEPs have called for a halt to membership talks because of Turkey's post-coup purges, the closure of numerous media outlets and the possible restoration of the death penalty.
    • While the vote is advisory rather than binding, Turkish President Tayyip Erdogan said yesterday the vote "has no value in our eyes" and again accused Europe of siding with terrorist organizations.
    • Update: The European Parliament has voted overwhelmingly to temporarily freeze talks on Turkey’s bid to join the EU.
    • ETFs: TUR, TKF
    | Thu, Nov. 24, 4:11 AM | 25 Comments
  • Tue, Nov. 22, 2:59 AM
    • In yet another crackdown over a failed coup in July, Turkish authorities have dismissed close to 15K civil servants and military officials, bringing the figure to more than 110K people that have been sacked or suspended.
    • Western allies, particularly those in Europe, have voiced concern at the breadth of the purges under President Tayyip Erdogan, even calling for a freeze on Turkey's EU membership talks.
    • ETFs: TUR, TKF
    | Tue, Nov. 22, 2:59 AM
  • Fri, Nov. 4, 2:14 AM
    • Extending a crackdown on the opposition, Turkey has detained 13 leaders of its largest pro-Kurdish party for crimes linked to "terrorist propaganda" as President Recep Tayyip Erdogan consolidates power following a July 15 coup attempt.
    • A widespread difficulty in reaching social media websites such as Twitter and Facebook as well as messaging app WhatsApp was also reported across the country after the detentions started at midnight.
    • ETFs: TUR, TKF
    | Fri, Nov. 4, 2:14 AM | 1 Comment
  • Thu, Nov. 3, 3:49 PM
    • It started in late July when a senior banker was hit with criminal charges and stripped of his license, and then spread when regulators began forcing lenders to hand over internal client communications. Over the next weeks, government authorities took over 496 companies - some with publicly held units - citing a hunt for coup plotters.
    • In sum, it's a big turnaround for a country previously thought of as a free-market standout among emerging market nations, writes Yeliz Candemir in the WSJ.
    • "The risks are disproportionately high,” says Renaissance Capital's Michael Harris, recommending his clients get their money out of the country.
    • TUR -1.2% on the session, and off about 10% over the past three months.
    | Thu, Nov. 3, 3:49 PM | 2 Comments
  • Wed, Nov. 2, 4:39 AM
    • EU plans to introduce visa-free travel for Turkish citizens by 2017 are unlikely to go ahead, European Parliament VP Alexander Graf Lambsdorff told Germany's Bild newspaper.
    • He expressed concerns with Turkish President Recep Tayyip Erdogan's latest remarks regarding the reinstatement of the death penalty, as well as his government's detention of opposition journalists.
    • ETFs: TUR, TKF
    | Wed, Nov. 2, 4:39 AM | 1 Comment
  • Sun, Oct. 30, 10:04 AM
    • Turkish authorities have dismissed more than 10,000 civil servants over their suspected links with U.S.-based cleric Fethullah Gulen, blamed by Ankara for orchestrating the failed coup in July, bringing the total number of such dismissals to over 100,000.
    • Academics, teachers and health workers were among those removed through a new emergency rule decree published on Saturday, while 15 media outlets, almost all of which reported from the largely Kurdish southeast, were shut down.
    • ETFs: TUR, TKF
    | Sun, Oct. 30, 10:04 AM | 4 Comments
  • Wed, Oct. 12, 4:45 AM
    | Wed, Oct. 12, 4:45 AM | 1 Comment
  • Wed, Oct. 5, 5:10 AM
    • We don't want to get into a "military confrontation" with Turkey... but keeping Turkish troops in northern Iraq could lead to a "regional war," according to Iraqi Prime Minister Haider al-Abadi.
    • Their presence is "considered a threat to Iraq's sovereignty.. and isn't justified, because ISIS is closer to the Turkish border in Syria than from Mosul."
    • ETFs: TUR, TKF
    | Wed, Oct. 5, 5:10 AM | 2 Comments
  • Wed, Sep. 7, 3:19 AM
    • Turkey plans to deepen its involvement in Syria by establishing a de facto safe zone with rebel groups to consolidate and extend the recently captured territory south of its border.
    • President Erdogan has asked the U.S.-led coalition to help create a no-fly zone over the region, which he hopes eventually to repopulate with refugees who have fled to Turkey in the five years since the Syria conflict began.
    • ETFs: TUR, TKF
    | Wed, Sep. 7, 3:19 AM | 1 Comment
  • Mon, Aug. 29, 4:20 AM
    • Turkish forces are intensifying their military campaign in Syria, seizing territory held by ISIS and Kurdish militants.
    • The clashes underscore the complexity of the U.S.-led coalition against Islamic State.
    • American special operations forces are embedded with Kurdish rebels, but also have close contact with their Turkish counterparts and rely on the country for their rear supply lines.
    • BIST 100 -0.9% to 76,404.
    • ETFs: TUR, TKF
    | Mon, Aug. 29, 4:20 AM | 8 Comments
  • Sun, Aug. 28, 11:17 AM
    • Free trade talks between the EU and the U.S. have failed "even though nobody is really admitting it," Germany's economy minister said Sunday, citing a lack of progress on any of the major sections of the long-running negotiations.
    • Both Washington and Brussels have pushed for a deal by the end of the year, despite strong misgivings among some EU member states over the Transatlantic Trade and Investment Partnership, or TTIP.
    • Sigmar Gabriel, who is also Germany's vice chancellor, added that Turkey was unlikely to join the EU during his political career, saying the bloc was not in the position to take in Ankara even if it met all the entry requirements tomorrow.
    | Sun, Aug. 28, 11:17 AM | 11 Comments
  • Wed, Aug. 17, 3:21 AM
    • Turkey issued several decrees under emergency rule today in which it dismissed 2,360 police officers, closed the TIB telecoms authority and allowed President Erdogan to appoint the head of the armed forces.
    • Those dismissed were described as having links to U.S.-based cleric Fethullah Gulen, whom Ankara accuses of orchestrating the failed putsch on July 15.
    • ETFs: TUR, TKF
    | Wed, Aug. 17, 3:21 AM | 1 Comment
  • Mon, Aug. 15, 5:26 AM
    • The EU should grant Turks visa-free travel in October or the migrant deal that involves Turkey stemming the flow of illegal migrants to the bloc will be shelved, Foreign Minister Mevlut Cavusoglu told Germany's Bild newspaper.
    • "I don't want to talk about the worst case scenario - talks with the EU are continuing but it's clear that we either apply all treaties at the same time or we put them all aside."
    • ETFs: TUR, TKF
    | Mon, Aug. 15, 5:26 AM | 5 Comments
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