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Saturday, January 25, 2014

Turkey Stocks Drop as Lira Extends Rout After Intervention Fails - Bloomberg

Turkey Stocks Drop as Lira Extends Rout After Intervention Fails
By Selcuk Gokoluk Jan 24, 2014 11:06 AM ET

The lira extended its drop to a record low against the dollar and stocks slid after the Turkish central bank’s first unscheduled intevention in more than two years failed to stem the currency’s decline yesterday.

More:Turkey Stocks Drop as Lira Extends Rout After Intervention Fails - Bloomberg