Saule Ibragimova

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Emerging markets fall back to earth

India, Indonesia, Brazil, Turkey and South Africa – dubbed the 'Fragile Five' – are vulnerable, as are Argentina, Venezuela, Ukraine, Hungary and Thailand, writes Nouriel Roubini<p>The financial turmoil that hit emerging-market economies last spring, following the US Federal Reserve's "taper tantrum" …

Turkey in Crisis: Why Raising Interest Rates Could Save Emerging Markets

Stock markets around the world have been volatile, as crises in emerging-market countries like Turkey and Argentina have raised global concerns. Yet …

A 2-Minute Guide To The Crisis In Turkey That Sent Markets Tanking And Put The Government In Its Weakest Position Yet

Turkey is embroiled in a massive corruption scandal that has reached the inner circle of Prime Minister Tayyip Erdoğan, whose Justice and Development Party (AKP) took power in 2002, and involves several different international actors.<p>Here's what has happened in the last few days:<p>At the heart of the …

Reza Zarrab

Turkey Facing Political and Economic Meltdown

In the Christian West we're having the predictable agonizingly slow news week, but Turkey is facing a financial meltdown as investors flee the …

Interest Rates Surge In Turkey As Investors Question Political Stability

Turkey's government is in disarray. It is quite common for governments, particularly in countries with an authoritarian leadership (and Turkey's leadership has been acting in that fashion), to blame whatever the mess the country is facing on corruption (see example). And the more the Turkish Prime …

South Asia

Turkey Is Going Down Again

Just beneath the surface of what everyone's paying attention to, the crumbling financial fortunes in Turkey continue to be a major story.<p>And that continues today. The Turkish stock market is down over 1%. And the dollar has risen to a new high against the Lira.<p>Here's a one week chart of USD/TRY via …

Turkey

Turkey: How To Boost Growth Without Increasing Imbalances

Turkey has received well-deserved praise for its growth performance over the last decade. Yet along with this success story has come a steady widening of the current account deficit, projected to come out at 7.4 percent of GDP in 2013. The counterpart of this deficit is a reliance on external …

Exporting to Turkey: tips on getting started

With its impressive economic growth record, Turkey is fast becoming an attractive country for small businesses to export to. Here's how to break into the world's 17th largest economy<p>Turkey has rapidly emerged as a high-growth market and a hugely attractive destination for those looking to do …

Small Business

The 'Expectation Revolution' Is Rattling Chile, Turkey and Brazil

<i>Kemal Dervis is Vice-President and Director for Global Economy and Development at the Brookings Institution. He has been Minister of Economic Affairs of Turkey and Executive Head of the United Nations Development Programme.</i><p>WASHINGTON -- The world economy is entering 2014 with signals still mixed, …

Economics

Turkey Is The Epitome Of What Can Go Wrong In The Emerging Markets

Many of Turkey's current problems relate to risks that even novice emerging market investors should know about. So in many ways, Turkey is arguably the epitome of what can go wrong in an emerging market.<p>"One way to illustrate what can go right in DM and what can go wrong in EM is to use the UK …

North Africa

Analysts Predict HUGE Rate Hike In Turkey Today

Yesterday, as the currency hit another new all-time low against the U.S. dollar, the CBRT announced it would hold the meeting, sending the lira surging.<p>Despite the lira's recent slide, the central bank passed on a rate hike at a regularly-scheduled meeting last week. Many believe the inaction was …

Markets
Stock Markets

GLOBAL MARKETS-Turkey stuns with steep rate hike, may help calm mood

* Turkey raises interest rates 425 bps to 12 pct, boosts lira<p>* Aggressive action stirs hopes of stabilisation in emerging markets<p>* Safe-haven yen dips, while commodity currencies rally<p>* Japanese shares seen opening up, rest of Asia to follow<p>By Wayne Cole<p>SYDNEY, Jan 29 (Reuters) - Turkey’s central …

Stocks sour after Turkey; Dow futures off 100

NEW YORK (MarketWatch) — Stock futures tumbled on Wednesday ahead of the Federal Reserve decision and as the effects of an aggressive Turkish rate …

Stock Markets

Turkey and South Africa's Interest Rate Hikes Still Might Save Emerging Markets From The Federal Reserve

The surprising decision by central banks in Turkey and South Africa to raise rates – against conventional wisdom – may be the best hope emerging markets have to limit the damage done by a Federal Reserve which forgets it makes monetary policy, not only for America, but the whole world. These …