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Tag: Turkey

Edogan sworn in with increased powers

Recep Tayyip Erdogan will cap his years-long drive to transform Turkey’s government on Monday as he’s sworn in as an executive president with vastly expanded powers. Erdogan, modern Turkey’s longest-serving ruler, will be sworn in at parliament late in the afternoon. In the evening, he’ll mark the inauguration of the presidential system at a grand […]

Erdogan victory could be bad for Turkey

On already shaky footing, Turkey’s economy and assets are likely to be affected as all eyes turn to what the powerful and growth-hungry winner of Sunday’s elections — President Recep Tayyip Erdogan — will do next. The country is faced with a multitude of issues: The decline of the Turkish lira, its sky-high inflation rate […]

TRY thumped after Erdogan win

Monday June 25: Five things the markets are talking about Global stocks remain under pressure, as investors continues to analyse the impact of a trade spat between the world’s two largest economies – U.S and China. Markets are beginning to get very nervous by the prospect of a full-blown trade war, and this despite the […]