French oil major Total has two months to seek exemption from U.S. sanctions after Washington's withdrawal from the international nuclear deal, Iran's oil minister told state news agency SHANA on Wednesday. The minister, Bijan Zanganeh, added that failure to secure an exemption would...

Turkey's central bank said Monday it would complete moves to simplify monetary policy, sparking a strong rally in the country's currency. "A decision has been made to finalize the simplification process regarding the operational framework of the monetary policy," the bank said in a...

After the embattled Turkish lira weakened against the US dollar this week, Turks remain troubled over the economy despite the government's reassurances. The lira's drama worsened on Wednesday when Japanese investors sold Turkish assets, after comments by President Recep Tayyip Erdogan...

Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. The lira dropped to over 4.80 per dollar on Wednesday, down some 5 percent since Tuesday. The Turkish...