A sudden drop in the central bank’s foreign reserves sparked fears about the country’s economic stewardship. Source: NYT > Business – MICHAEL J. de la MERCED
Turkey to Investigate JPMorgan Over Charges It ‘Caused Volatility’ in the Markets
With days until local elections, Turkey’s banking regulator accused JPMorgan Chase and other banks of issuing “misleading and manipulative” investment advice. Source: NYT > Business – CARLOTTA GALL
Turkey Enters Recession, a Blow for Erdogan as Elections Near
Turkish government figures show two consecutive quarters of declining growth amid falling investor confidence, shrinking investment and rising prices. Source: NYT > Business – CARLOTTA GALL
Want a Castle in Turkey? You May Find a Bargain
The nation’s economic slowdown has undercut plans for a subdivision of 700 minicastles, complete with turrets and indoor pools, near the Black Sea. Source: NYT > Business – CARLOTTA GALL