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Turkish banking sector net profit up over 20 pct in Jan

Turkish banking sector posted a 4.5 billion Turkish lira ($1.2 billion) net profit in January this year, according to the Banking Regulation and Supervision Agency (BDDK) on Friday. In January, the net profit of the sector recorded a 22.7 percent rise year-on-year, compared to 3.7...

China accuses Trump of damaging global trade with tariffs

BEIJING (AP)- China's government says it "firmly opposes" U.S. President Donald Trump's tariff increase for imported steel and aluminum but has given no indication whether Beijing might impose its own measures in response. A Commerce Ministry statement on Friday accused Trump of...

Bonds help Bahrain, Oman keep their heads in the sand

Access to a debt market teeming with yield-hungry investors is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road. Taking advantage of attractive interest rates, Oman raised $6.5 billion in January, its biggest sale on record, to help bridge deficits....