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...

US Treasury Secretary Steven Mnuchin confirmed Sunday that Washington and Beijing had agreed to back off from imposing tariffs on each other, a day after reaching an accord on slashing the American trade deficit with China. "We have made very meaningful progress and we agreed on a...