Shares of Turkey’s Halkbank plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran The announcement from U.S. prosecutors came a day after...

The slump in Turkey’s lira in the wake of the Turkish military advance into Syria has made it October’s worst performing major currency, a move that looks even starker considering most emerging market currencies have powered ahead. The lira is no stranger to volatility, but this...

(Zaman Al Wasl)- The Katerji family has taken a significant step towards strengthening their control of most of the potential reconstruction in northern Aleppo province as the business family is close to taking over a cement factory near the city, with generous funding. This may be the...

The Turkish lira weakened against the dollar Thursday as investors fretted about negative international reaction to a ground operation launched by Turkish troops against the Kurdish militia in northeast Syria overnight. The lira weakened to 5.88 against dollar from a close of 5.8740 a day...