Limited options to haunt Greece if banks run out of cash

Limited options to haunt Greece if banks run out of cashFull story

Computer glitches disrupt NYSE, WSJ, United Airline flights
   

Computer glitches disrupt NYSE, WSJ, United Airline flights

New York Stock Exchange says issue 'not the result of a cyber breach' but hacktivist group tweets cryptic message before glitch Full story

Greek Minister: 'Grexit' not acceptable
   

Greek Minister: 'Grexit' not acceptable

Greek Minister of Administrative Reform George Katrougalos hopes agreement will be reached with creditors this week Full story

Greek PM Tsipras: 'Bailout funds didn't reach our people'
   

Greek PM Tsipras: 'Bailout funds didn't reach our people'

'Our reform proposals are credible and will share the burden with European taxpayers,' Greek PM Alexis Tsipras has told the European Parliament Full story

Bank of France: Greece will 'collapse' without bailout
   

Bank of France: Greece will 'collapse' without bailout

Greece must find solution by Sunday, or Greek economy will collapse into chaos: French central bank head Christian Noyer Full story

Greek Finance Minister Varoufakis resigns
   

Greek Finance Minister Varoufakis resigns

'I shall wear the creditors' loathing with pride,' Varoufakis says Full story

Stocks fall, euro holds after 'No' vote in Greek referendum
   

Stocks fall, euro holds after 'No' vote in Greek referendum

Eurogroup head Dijsselbloem: Reforms are necessary, we await proposals from Greece Full story

Greek PM Tsipras says ‘referendum is still on’
   

Greek PM Tsipras says ‘referendum is still on’

Eurogroup rules no further negotiations until after the referendum Full story

Greek PM Tsipras 'to accept' latest bailout offer with conditions
   

Greek PM Tsipras 'to accept' latest bailout offer with conditions

In a letter, Greek prime minister offers to accept most of terms in creditor's Sat. offer, but key changes could wreck deal Full story

Greek FM Varoufakis threatens lawsuit against Commission
   

Greek FM Varoufakis threatens lawsuit against Commission

Anger and fear in Greece as closed banks make life grim; Greece formally in default on IMF payments as of Tuesday Full story

Greece: Banks, stock exchange shut until referendum
   

Greece: Banks, stock exchange shut until referendum

Panicked savers rush to pull funds from ATMs, as withdrawals are capped at €60; euros slides to about 1.10 to dollar Full story

Greek PM Tsipras rejects bailout deal, calls for referendum
   

Greek PM Tsipras rejects bailout deal, calls for referendum

Tsipras says bailout offer from creditors is 'humiliating blackmail,' and demands that Greek people be allowed to choose Full story

Emotions run high in Greece ahead of bailout agreement
   

Emotions run high in Greece ahead of bailout agreement

As Greek government officials negotiate in Brussels, demonstrations for and against the bailout accord attract large numbers Full story

Turkish lira hits record low after election results
   

Turkish lira hits record low after election results

Currently Turkish lira trades at about 2.75 to the dollar Full story

Istanbul stock exchange nosedives, central bank acts to support lira
   

Istanbul stock exchange nosedives, central bank acts to support lira

Markets took a hit from election results, as the Istanbul stock exchange nosedived over six percent at opening of the first session on Monday morning following the June 7 General Elections where the AK Party failed to secure absolute majority in the Turkish Parliament. Full story

Greek PM Tsipras admits 'minor' concessions in bailout talks
   

Greek PM Tsipras admits 'minor' concessions in bailout talks

Greek PM Tsipras remarks come after Interior Minister Voutsis has said Greece will accept a bailout agreement, even if it is a 'painful' solution Full story

First Turkish-made car to appear in August
   

First Turkish-made car to appear in August

PM Davutoglu says first domestically-produced prototype to be finished in August, and first batch to come in 2016 Full story

Tsakalotos: 'Bailout agreement must break vicious cycle'
   

Tsakalotos: 'Bailout agreement must break vicious cycle'

Alternate Minister for International Economic Relations Tsakalotos said that the government will not sign just any agreement Full story

Turkey's banking watchdog seizes Bank Asya
   

Turkey's banking watchdog seizes Bank Asya

BDDK announces state-owned fund would take over bank linked with Gulen movement Full story

Istanbul forum hears about energy regulation
   

Istanbul forum hears about energy regulation

Electricity grids should be modernized to support renewables, industry regulators say Full story

Turkey's new island airport welcomes first passengers
   

Turkey's new island airport welcomes first passengers

Ordu-Giresun Airport, built on an artificial island off Turkey's northern coast, receives first flight Full story

Turkey's arid heart to bloom after irrigation project
   

Turkey's arid heart to bloom after irrigation project

Turkey's Konya Plain could be supplied with millions of cubic meters of water annually Full story

Global energy forum to be held in İstanbul
   

Global energy forum to be held in İstanbul

Sixth World Forum on Energy Regulation, sponsored by Anadolu Agency, will be held in Istanbul between May 25 and 28 Full story

IEA chief economist: Nuclear energy must for Turkey
   

IEA chief economist: Nuclear energy must for Turkey

'Nuclear energy is an indispensable option for Turkey, considering its regional and global gravity,' says International Energy Agency's chief economist Fatih Birol. Full story

Turkish Energy Minister: Turkey's energy projects beyond politics
   

Turkish Energy Minister: Turkey's energy projects beyond politics

Turkish Energy Minister Yildiz spoke Wednesday at the 21st International Energy and Environment Fair and Conference, an event co-sponsored by Anadolu Agency. Full story

Turkey aims 30 percent renewable energy usage by 2023
   

Turkey aims 30 percent renewable energy usage by 2023

Turkey's Energy Market Regulatory Authority has received 14 times more pre-license applications than its allocated capacity for wind power plants. Full story

Turkish Economy Minister: Exchange rates, inflation, interest rates are 'full of froth'
   

Turkish Economy Minister: Exchange rates, inflation, interest rates are 'full of froth'

In Turkey, exchange rates, inflation, interest rates are 'full of froth,' Turkish Economy Minister Nihat Zeybekci said Wednesday. Full story

Greece close to agreement on bailout
   

Greece close to agreement on bailout

Prime Minister Alexis Tsipras says privatization is back on table. Full story

Turkey’s foreign liabilities down in February
   

Turkey’s foreign liabilities down in February

Gap between Turkey’s assets abroad and liabilities hits -$402 billion in February. Full story

Greece, Russia to sign Turkish Stream cooperation deal
   

Greece, Russia to sign Turkish Stream cooperation deal

The memorandum of understanding will cover the pipeline's route between Greece and Russia, Greek energy minister says. Full story

Tsipras to seek help from Putin in Moscow visit
   

Tsipras to seek help from Putin in Moscow visit

Greek prime minister seeks to confound his European creditors with the prospect of a Russian bailout Full story

Greece to make next payment on bailout loans
   

Greece to make next payment on bailout loans

Varoufakis tells Lagarde that next €450 million payment for the IMF will be made on Tuesday Full story

Turkey, Romania aim to increase trade volume up to $10bn
   

Turkey, Romania aim to increase trade volume up to $10bn

Turkey and Romania have agreed to increase mutual trade volume up to $10 billion in the near future, Turkish President Recep Tayyip Erdogan said Wednesday. Full story

Greece aims to be hub for Turkish Stream
   

Greece aims to be hub for Turkish Stream

According to experts, Greek energy minister's visit to Russia is sign of Athens' wish to become an important element in Turkish Stream natural gas pipeline. Full story

Pressure high on Greek government as cash demand refused
   

Pressure high on Greek government as cash demand refused

Greek demand for return of 1.2 billion euros ($1.32 billion) in cash taken from its bank rescue fund is denied. Full story

Putin suggests single currency for Eurasian Economic Union
   

Putin suggests single currency for Eurasian Economic Union

The union has five members including Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia. Full story

Turkish Airlines starts flights to Iran's Ahvaz city
   

Turkish Airlines starts flights to Iran's Ahvaz city

The Turkish national air carrier will now operate four flights per week to the new destination on Monday, Tuesday, Wednesday and Friday. Full story

Central bank head Basci meets with President Erdogan
   

Central bank head Basci meets with President Erdogan

Turkish Central Bank Governor Erdem Basci gave an economic briefing to President Recep Tayyip Erdogan on Wednesday evening. Full story


   

"Turkey's EU accession tied to Cyprus issue"

Greek crisis is affecting negotiations on the Cyprus issue, says Turkish ambassador Selim Yenel. Full story

Turkish goverment pledges stronger fiscal discipline
   

Turkish goverment pledges stronger fiscal discipline

Turkish Prime Minister's office says strict fiscal discipline as foreseen in Medium-Term Economic Program to be applied Full story

Prime Minister Davutoglu reviews Turkish lira slump
   

Prime Minister Davutoglu reviews Turkish lira slump

Turkish premier assures, "Nobody should expect a crisis ahead of June 7 general elections; our banking system is as sound as bell." Full story

Turkish PM Davutoglu reassures investors on stability
   

Turkish PM Davutoglu reassures investors on stability

Visiting New York, Prime Minister Ahmet Davutoglu says Turkey is an 'island of stability' with a vision for the future and consistent economic growth. Full story

Investors bullish on future of Turkish economy
   

Investors bullish on future of Turkish economy

Goldman Sachs investment bank head John Waldron says there is consensus that Turkey is attractive for investment. Full story

Leaders talk Turkmen Euro gas transfers through Turkey
   

Leaders talk Turkmen Euro gas transfers through Turkey

Central Asian energy supplies take top place at leaders' summit Full story

Net profit in Turkey’s banking sector increases
   

Net profit in Turkey’s banking sector increases

Turkish banking sector's assets increased by 1.9 percent in January from the end of 2014, while its net profit increased by 52 percent compared to January 2014. Full story

German parliament approves Greek bailout extension
   

German parliament approves Greek bailout extension

Bundestag backs extension of Greek rescue program by four months as government urges SYRIZA to stick to reforms Full story

Greece submits economic reform proposals to creditors
   

Greece submits economic reform proposals to creditors

Finance Minister Yanis Varoufakis has already submitted a draft proposal; creditors must approve it on Monday. Full story

Greece bailout extended by four months
   

Greece bailout extended by four months

Bailout money must be used for the recapitalization of banks, not for government needs, says Eurogroup chairman Full story

Japanese economy emerges from recession
   

Japanese economy emerges from recession

Economy expanded an annualized real 2.2% in the 3rd quarter - the first growth in three quarters. Full story

Greek Finance Minister: Troika austerity 'like being waterboarded by CIA'
   

Greek Finance Minister: Troika austerity 'like being waterboarded by CIA'

Yanis Varoufakis describes EU's imposition of harsh "bailout" terms on his country as a form of torture. Full story

IMF to provide $17.5bn for Ukraine over four years
   

IMF to provide $17.5bn for Ukraine over four years

The International Monetary Fund will provideUkraine with $17.5 billion in funding over the next four years, Managing Director Christine Lagarde said in Brussels on Thursday. Full story

Erdogan: Trade volume between Turkey, Colombia to reach $5bn
   

Erdogan: Trade volume between Turkey, Colombia to reach $5bn

Trade volume between Turkey and Colombia will rise to $5 billion by 2023, Turkey’s President Recep Tayyip Erdogan said during a speech at the Turkey-Colombia business forum in Bogota Tuesday. Full story

Industrial production up in December
   

Industrial production up in December

Turkey’s industrial production increased 2.6 percent in December from the same period in the previous year Full story

G20 meeting due in Istanbul under Turkish presidency
   

G20 meeting due in Istanbul under Turkish presidency

G20 finance and central bank deputies, and G20 finance ministers and central bank governors will meet under Turkish presidency between Feb. 9 and 10 Full story

OPEC members' stock exchanges jump as oil prices rise
   

OPEC members' stock exchanges jump as oil prices rise

In the past three weeks, oil prices have risen gradually after having decreased more than 60 percent since June. Full story

Turkey's banking watchdog rules on takeover of Bank Asya
   

Turkey's banking watchdog rules on takeover of Bank Asya

Governing body on banking funds management, TMSF, is to take over the management of the bank over transparency issues. Full story

Turkish Economy Minister: Weaker lira might be beneficial
   

Turkish Economy Minister: Weaker lira might be beneficial

A devalued lira might be preferable to high interest rates, economy minister says. Full story

Oil prices up 12 percent in two days
   

Oil prices up 12 percent in two days

Crude oil prices increased 12 percent between last Friday and Monday as the number of oil rigs in the U.S. witnessed the largest fall in a single week in almost three decades, experts say. Full story

Greece finance minister rejects talking with 'trokia'
   

Greece finance minister rejects talking with 'trokia'

Finance minister of Greece's new leftist government says no negotiations through IMF, EU and ECB Full story

Turkey's gas imports to climb in 2015
   

Turkey's gas imports to climb in 2015

Turkey’s natural gas imports for 2015 are projected to reach 52.2 billion cubic meters. Full story

Standard & Poor lowers Russia's credit rating to 'junk'
   

Standard & Poor lowers Russia's credit rating to 'junk'

Credit rating agency, Standard & Poor, has lowered Russia's rating to the "highest speculative" level BB+. Full story

Turkey’s locally-produced cell phones at all time high
   

Turkey’s locally-produced cell phones at all time high

In 2014, local cell phone production rose to 1.71 million, indicating an increase by 208 percent, Turkish Transport Minister Lutfi Elvan has said Full story

European Central Bank leaves key rate unchanged
   

European Central Bank leaves key rate unchanged

Main refinancing rate left at 0.05 percent ahead of expected stimulus announcement. Full story

Top stock exchange managers praise Turkey’s markets
   

Top stock exchange managers praise Turkey’s markets

Borsa Istanbul and London Stock Exchange have also signed a partnership agreement. Full story

Italian PM Matteo Renzi slams ECB's austerity policies
   

Italian PM Matteo Renzi slams ECB's austerity policies

European Central Bank should help Europe find a new direction and increase innovation to create a new Renaissance, says Italian premier. Full story

Anti-global activists claim victory over Davos forum
   

Anti-global activists claim victory over Davos forum

Anti-globalization campaigners to stage final protest at meeting of world elite in Swiss resort Full story

Dollar hits two-week high against Turkish Lira
   

Dollar hits two-week high against Turkish Lira

Markets try to price in possible rate cut by the Federal Reserve on Jan. 20, analysts say. Full story

Turkey aims to second US in using laser as military weapon
   

Turkey aims to second US in using laser as military weapon

First prototype of the High Power Laser Weapons System developed by Turkish authorities was tested successfully. Full story

Turkey to begin supplying water to Northern Cyprus
   

Turkey to begin supplying water to Northern Cyprus

The Water Supply Project will provide the Turkish Republic of Northern Cyprus with water for the next 50 years. Full story

Istanbul to host global energy regulation forum
   

Istanbul to host global energy regulation forum

The 6th World Forum on Energy Regulation, organized by Turkey's energy regulatory authority, will kick off in Istanbul on May 25, 2015. Full story

Low oil prices affect Kazakhistan's economy
   

Low oil prices affect Kazakhistan's economy

The budget of Kazakhstan for 2015 will be revised due to declining oil prices, said the country's national finance minister on Saturday. Full story

Nine firms to bid for Akkuyu NPP's marine hydrotechnic structure
   

Nine firms to bid for Akkuyu NPP's marine hydrotechnic structure

Nine firms to bid in the tender for the construction and design of Akkuyu Nuclear power plant’s marine hydrotechnic structure, said the company in a statement on Saturday. Full story

Turkey's economy minister supports Erdogan in call for 'interest rate cuts'
   

Turkey's economy minister supports Erdogan in call for 'interest rate cuts'

Nihat Zeybekci says current interest rates imposed by central bank are unreasonable. Full story

Turkish Energy Minister Yildiz says, 2014 Turkey's driest year
   

Turkish Energy Minister Yildiz says, 2014 Turkey's driest year

Turkey went through its driest year in 2014 in terms of water sources, Turkey’s energy minister said Saturday. Full story

Price of olive oil to rise, producers struggle
   

Price of olive oil to rise, producers struggle

High prices threaten to scare off consumers; liter of virgin olive oil could rise 50 percent in price, experts say. Full story

Turkey more than doubles exports in last decade
   

Turkey more than doubles exports in last decade

Thanks to strong growth trend overall, Turkey's exports in last decade saw the $1.2 trillion mark with automotive, ready–made garments and chemicals sectors leading the way Full story

Wealth fund saves Norwegian economy from falling oil prices
   

Wealth fund saves Norwegian economy from falling oil prices

Norwegian economy remains safe despite falling oil prices, thanks to the wealth fund. Full story

Greek exit from the euro disaster, economists say
   

Greek exit from the euro disaster, economists say

A potential Greek exit from Eurozone may ring alarm bells for euro system and int'l finance at large, say economists. Full story

Turkey to improve coals efficiency by furnace project
   

Turkey to improve coals efficiency by furnace project

Turkey will improve efficiency in coal power plants with a new furnace project says coordinator. Full story

Five million Turkish workers to get higher minimum wage
   

Five million Turkish workers to get higher minimum wage

Long-running talks between unions, employers and government end in deal which will see new net minimum wage of 949 Turkish lira ($410) per month for workers over the age of 16, rising to 1,000 lira in late 2015. Full story

Turkish food factory generates electricity from solar plant
   

Turkish food factory generates electricity from solar plant

An entrepreneur in Adiyaman province solved his problem of high electricity bills by generating electricity from solar panels integrated into his factory. Full story

PM Davutoglu sees Turkey as transit hub for all energy in region
   

PM Davutoglu sees Turkey as transit hub for all energy in region

'All energy will flow via Turkey just as all roads lead to Rome,' says Davutoglu Full story

Turkish Parliament approves 2015 administration budget
   

Turkish Parliament approves 2015 administration budget

The biggest share of the 2015 budget was allocated to ministries of education and health with each getting $38B. Full story

South Korea insists nuclear plants secure despite hacking
   

South Korea insists nuclear plants secure despite hacking

Seoul claims threats to nuclear infrastructure based on 'leaks' of classified data that could be obtained through online search Full story

Increase of foreign-shared energy companies in Turkey
   

Increase of foreign-shared energy companies in Turkey

Capital of electricity producing foreign-shared companies in Turkey has increased 40 times in one year Full story

Russian central bank raises interest rate again
   

Russian central bank raises interest rate again

Inflation, the declining value of the ruble, falling oil prices, as well as the negative effects of sanctions by the West have been cited as factors driving the central bank's decision to raise rates. Full story

Shell, Turkish Petroleum to explore Black Sea in 2015
   

Shell, Turkish Petroleum to explore Black Sea in 2015

Shell Upstream Turkey and Turkish Petroleum will conduct oil-and-gas explorations in the Western Black Sea in 2015, a research report has revealed. Full story

Canadian bank sees economic growth despite lower crude prices
   

Canadian bank sees economic growth despite lower crude prices

Some analysts say “panic” is setting in as crude oil prices fall and the Canadian dollar hit a five-and-a-half-year low, but a major Canadian bank said Friday that it is looking on the bright side. Full story

Turkish PM Davutoglu: Turkey now able to develop without foreign aid
   

Turkish PM Davutoglu: Turkey now able to develop without foreign aid

Turkish premier hails his country's recent success in economic development without resorting to external loans Full story

TANAP natural gas project is Turkey's priority
   

TANAP natural gas project is Turkey's priority

The foreign ministers of Turkey, Azerbaijan and Georgia met Wednesday in Turkey's northeastern province of Kars to discuss energy and transportation projects. Full story

New Turkish pipeline no threat to Southern Gas Corridor
   

New Turkish pipeline no threat to Southern Gas Corridor

Russian-Turkish pipeline project does not compete with Southern Gas Corridor, says CEO of Azerbaijan energy giant SOCAR. Full story

Third generation tech for Turkey's 3rd nuke plant
   

Third generation tech for Turkey's 3rd nuke plant

New technology for Turkey's third nuclear power plant is on its way to Turkey, says China's StateNuclear Power Technology Corporation's chairman Full story

United States sees largest job growth in 3 years
   

United States sees largest job growth in 3 years

The economy added 321,000 jobs but the unemployment rate remains unchanged. Full story

Oil price slump won't ease Turkey's budget discipline
   

Oil price slump won't ease Turkey's budget discipline

The man at the helm of the Turkish economy reaffirms a commitment to fiscal discipline amid narrowing current account deficit Full story

Turkish PM Davutoglu to visit Greece to talk economy, Cyprus
   

Turkish PM Davutoglu to visit Greece to talk economy, Cyprus

The two neighbors aim to boost their partnership through joint cooperation council summit and review efforts to resolve Cyprus issue Full story

New railroad to strengthen Iran's energy strategy
   

New railroad to strengthen Iran's energy strategy

Iran expects the railway line to Turkmenistan and Kazakhstan will help the country to become an energy corridor Full story

Nuclear power accident at world's 5th largest plant
   

Nuclear power accident at world's 5th largest plant

Accident at nuclear power plant in southeastern Ukraine causes power outages Full story

Energy Min: Turkey seeks higher gas discount from Russia
   

Energy Min: Turkey seeks higher gas discount from Russia

Russia offers 6 percent discount on gas sales, but Turkey expects more, Turkey's energy minister says. Full story

Russian President Putin and Turkish President Erdogan meet to review ties
   

Russian President Putin and Turkish President Erdogan meet to review ties

A meeting between visiting Russian President Vladimir Putin and Turkey's President Recep Tayyip Erdogan is currently underway in Ankara. Full story

Russia and Turkey sign $400m joint investment agreement
   

Russia and Turkey sign $400m joint investment agreement

Russian Direct Investment Fund and Turkey's Renaissance Holding have signed an agreement for joint operations in construction of trade and health centers. Full story