Foreign exchange market
Foreign exchange rates will stabilize at a point where it should be and Turkey will ease the loss in its currency's value, Economy Minister Nihat Zeybekci has said.
The Turkish Central Bank moved to shore up the lira on May 7 after the currency fell to record lows against the dollar, lowering the upper limit for foreign exchange, which banks can use for their reserve requirements.
The Turkish currency tumbled 1.5 percent to yet another record low against the dollar on May 4 amid nagging worries over rising inflation, while the U.S. currency continued to make broad gains.
Representatives of Bulgaria's energy exchange and Turkey's energy exchange agreed to sign a Memorandum of Understanding (MoU) to cooperate in developing a natural gas spot market, the Independent Bulgarian Energy Exchange (IBEX) EAD announced on April 30.
Steep fluctuations in foreign exchange markets and oil prices over the last couple of weeks are only "temporary" and largely stem from rising concerns about the situation in Syria, Turkish Finance Minister Naci Ağbal has said.
Iran unified the country’s official and open market exchange rates, state media said, after its currency, the rial, plunged to an all-time low on April 9 on concerns over a return of crippling sanctions.
Japanese online broker Monex Group said on April 6 that it would buy virtual currency exchange Coincheck, which was hit by a massive hack that saw thieves steal hundreds of millions of dollars in virtual currency.
The government will introduce a forex debt limit for real sector companies in a bid to defend the Turkish Lira, Deputy Prime Minister Mehmet Şimşek said on March 23.
Alpha Bank slipped into the red in the fourth quarter after booking costs related to a voluntary retirement plan and fixed asset impairments.
Alpha, 11 percent owned by Greece's bank rescue fund HFSF, on Tuesday reported a net loss from continuing operations of 64 million euros after a net profit of 35.6 million euros in the third quarter.