Namik

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Yahoo's fourth-quarter revenue slides as ad prices dip again

SAN FRANCISCO (Reuters) - Yahoo Inc’s online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace.<p>Overall revenue fell 6 percent in the last three months of the year to …

Spy chief buffeted by Snowden leaks will step down at year end

LONDON (Reuters) - The British spy chief whose agency was accused in documents leaked by former U.S. intelligence operative Edward Snowden of playing a principal role in mass Anglo-U.S. surveillance will step down at year end, Foreign Office said on Tuesday.<p>The leaks detailed the close cooperation …

Turkish central bank makes massive rate hikes to stem lira fall

ISTANBUL (Reuters) - Turkey’s central bank hiked all of its key interest rates in dramatic fashion at an emergency midnight policy meeting, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to defend the country’s crumbling lira currency.<p>The bank raised its overnight lending rate …

Turkey stuns with steep rate hike, may help calm mood

SYDNEY (Reuters) - Turkey’s central bank stunned investors with a huge hike in interest rates on Wednesday, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite in the developed world.<p>The bold move even managed to overshadow …