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Monday, November 21, 2011

Lira Weakens on U.S. Budget Impasse, Central Bank Dollar Sale - Businessweek

Lira Weakens on U.S. Budget Impasse, Central Bank Dollar Sale
November 21, 2011, 9:16 PM EST

By Selcuk Gokoluk

Nov. 21 (Bloomberg) -- The lira depreciated a sixth day to its weakest level in a month as a U.S. budget impasse curbed appetite for riskier assets and the central bank’s $140 million offer to banks for liras failed to stem the currency’s depreciation.

More:Lira Weakens on U.S. Budget Impasse, Central Bank Dollar Sale - Businessweek

Turkish-Syrian Tensions Escalate After Attack on Pilgrims « VOA Breaking News

Turkish-Syrian Tensions Escalate After Attack on Pilgrims
Posted Monday, November 21st, 2011 at 4:30 pm

Relations between Turkey and Syria continued to deteriorate Monday after gunmen in northern Syria opened fire on a convoy of buses carrying Turkish pilgrims back from the Hajj in Saudi Arabia.

More:Turkish-Syrian Tensions Escalate After Attack on Pilgrims « VOA Breaking News

Abdullah Gul visits Britain as EU turns its back on Turkey | Politics | guardian.co.uk

Abdullah Gul visits Britain as EU turns its back on Turkey

Turkish president in Britain for state visit as hopes of joining EU crumble in the face of opposition from France and Germany

Amid all the drama of the eurozone crisis, the political world has missed out on a highly significant development in the EU. This is the junking of Turkey's hopes of joining the EU.

More:Abdullah Gul visits Britain as EU turns its back on Turkey | Politics | guardian.co.uk

Turkey supports all pipelines within Southern gas corridor - Trend

Turkey supports all pipelines within Southern gas corridor
21 November 2011, 18:02 (GMT+04:00)

Azerbaijan, Baku, Nov. 21 / Trend A.Badalova/

Turkey is still offering support to all three pipelines within the Southern gas corridor, which is designed to transport Azerbaijani gas to Europe, Platts reported referring to a spokesman for the energy ministry of Turkey.

More:Turkey supports all pipelines within Southern gas corridor - Trend

BBC News - Turks sense dawn of new era of power and confidence

Turks sense dawn of new era of power and confidence

Bridget Kendall By Bridget Kendall Diplomatic correspondent, Istanbul
Panorama of the Ottoman conquest of Constantinople Turkish diplomats dismiss talk of neo-Ottomanism

The dome next to Istanbul's ancient walls is one of the city's newest tourist attractions. The 360 degree panorama, complete with sound effects of cannon fire and fighting, depicts the moment in 1453 when the Byzantine city of Constantinople was seized by the Turkish Sultan.

More:BBC News - Turks sense dawn of new era of power and confidence

Israel boosts diplomatic mission to Turkey - Israel News, Ynetnews

Israel boosts diplomatic mission to Turkey

Foreign Ministry names Joseph Levy-Safri chargé d'affaires of Israeli Embassy in Ankara but tension between nations remain high

Ronen Medzini
Published: 11.21.11, 14:22 / Israel News

The Foreign Ministry announced Monday that it will be sending another diplomatic envoy to Ankara, who will act as the chargé d'affaires of the Israeli Embassy, despite the unrelenting tensions between Israel and Turkey.

More:Israel boosts diplomatic mission to Turkey - Israel News, Ynetnews

Turkey says will support Azerbaijan gas transit pipeline proposal - Natural Gas | Platts News Article & Story

Turkey says will support Azerbaijan gas transit pipeline proposal

Istanbul (Platts)--21Nov2011/538 am EST/1038 GMT

Turkey would support a proposal for a pipeline to carry gas from the second phase of development of Azerbaijan's Shah Deniz gas field to Europe, a spokesman for the energy ministry said Monday.

The proposed pipeline would be in competition with the EU-backed Nabucco pipeline project.

More:Turkey says will support Azerbaijan gas transit pipeline proposal - Natural Gas | Platts News Article & Story

EU accused of reneging on pledge to end 'isolation' of northern Cyprus: theparliament.com

EU accused of reneging on pledge to end 'isolation' of northern Cyprus

By Martin Banks - 21st November 2011
" We want to see the EU put pressure on the Greek Cypriot side"

Osman Ertug

The EU has been accused of reneging on its pledge to end the 'isolation' of northern Cyprus.

The attack by a close aide to Turkish Cypriot leader Dervis Eroglu comes ahead of a major conference aimed at reaching a resolution to the long running conflict.

More:EU accused of reneging on pledge to end 'isolation' of northern Cyprus: theparliament.com

Turkey Probes Banks for Rate Collusion - WSJ.com

Turkey Probes Banks for Rate Collusion

BY JOE PARKINSON

ISTANBUL—Turkey's Competition Board will launch an investigation into 12 banks, including the country's biggest lenders, to probe whether they have colluded in setting deposit and loan rates, government officials said Monday.

More:Turkey Probes Banks for Rate Collusion - WSJ.com

Lira Weakens Sixth Day to One Month Low on U.S. Budget Impasse - Businessweek

Lira Weakens Sixth Day to One Month Low on U.S. Budget Impasse
November 21, 2011, 7:14 AM EST

By Selcuk Gokoluk

Nov. 21 (Bloomberg) -- The lira weakened for a sixth day to its lowest level in a month, extending its longest losing streak since June as an impasse over U.S. budget cuts curbed appetite for riskier assets.

More:Lira Weakens Sixth Day to One Month Low on U.S. Budget Impasse - Businessweek

Yerevan to host Armenian-Turkish business conference

Yerevan to host Armenian-Turkish business conference

November 21, 2011 - 13:45 AMT

PanARMENIAN.Net - On November 22-23, 2011, a conference of Armenian and Turkish businessmen will take place at the Hrazdan Hotel in Yerevan.

The event is organized by the Union of Manufacturers and Businessmen (Employers) of Armenia as part of the “Support to Armenia-Turkey Rapprochement” project, supported by the United States Agency for International Development (USAID) and implemented by the Consortium of the Eurasia Partnership Foundation, Yerevan Press Club, International Center for Human Development and the Union of Manufacturers and Businessmen (Employers) of Armenia.

More:Yerevan to host Armenian-Turkish business conference - PanARMENIAN.Net

Turkey says will support Azerbaijan gas transit pipeline proposal - Natural Gas | Platts News Article & Story

Turkey says will support Azerbaijan gas transit pipeline proposal

Istanbul (Platts)--21Nov2011/538 am EST/1038 GMT

Turkey would support a proposal for a pipeline to carry gas from the second phase of development of Azerbaijan's Shah Deniz gas field to Europe, a spokesman for the energy ministry said Monday.

The proposed pipeline would be in competition with the EU-backed Nabucco pipeline project.

More:Turkey says will support Azerbaijan gas transit pipeline proposal - Natural Gas | Platts News Article & Story

UPDATE 1-Turkish Competition Board to investigate 12 banks | Reuters

UPDATE 1-Turkish Competition Board to investigate 12 banks

By Orhan Coskun

ANKARA, Nov 21 (Reuters) - The Turkish Competition Board has decided to launch an investigation into 12 banks over complaints of anti-competitive behaviour in setting loan rates, the board's chairman Nurettin Kaldirimci told Reuters on Monday.

More:UPDATE 1-Turkish Competition Board to investigate 12 banks | Reuters

Bulgaria, Turkey to sign agreement on gas link construction - Bulgaria - The Sofia Echo

Bulgaria, Turkey to sign agreement on gas link construction
Mon, Nov 21 2011 09:49 CET

Bulgaria and Turkey will sign a political agreement to build a cross-border gas pipeline, thus declaring the strategic importance of this project to both states, Bulgaria's Energy Ministry said on November 19 2011.

More:Bulgaria, Turkey to sign agreement on gas link construction - Bulgaria - The Sofia Echo

Turkey: energy deals need spark | beyondbrics | News and views on emerging markets from the Financial Times – FT.com

Turkey: energy deals need spark
November 21, 2011 8:46 am by Daniel Dombey

A market of more than 70m people where economic growth outstripped 10 per cent for the first half of the year. An energy import bill of some $50bn a year, accounting for two thirds of the country’s current account deficit. An emphasis by the government on energy sector privatisation as a means of delivering economic reform.

More:Turkey: energy deals need spark | beyondbrics | News and views on emerging markets from the Financial Times – FT.com

Asia Times Online :: Turkey and the Syrian 'Abyss'

Turkey and the Syrian 'Abyss'
By Ramzy Baroud

When Recep Tayyip Erdogan became Turkey's prime minister in 2003, he seemed to be certain of the new direction his country would take. It would maintain cordial ties with Turkey's old friends, Israel included, but also reach out to its Arab and Muslim neighbors, Syria in particular.

More:Asia Times Online :: Turkey and the Syrian 'Abyss'

Turkey focused on growth more than inflation: aide - MarketWatch

Turkey focused on growth more than inflation: aide
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By Joe Parkinson

ISTANBUL (MarketWatch) -- Turkey's finance minister this weekend urged Europe's policymakers to stem contagion risks from the spiraling debt crisis, but dismissed market concerns over a spike in Turkish prices, suggesting Ankara remains more concerned about threats to growth than inflation.

More:Turkey focused on growth more than inflation: aide - MarketWatch

Fund file: Turkey’s springboard | beyondbrics | News and views on emerging markets from the Financial Times – FT.com

Fund file: Turkey’s springboard
November 21, 2011 6:00 am by Emma Boyde

“We have to decide to be part of somewhere. The most logical place is Europe,” says Turkish asset manager, Tolon Canpolat Aydos, in a report in Monday’s FTfm

More:Fund file: Turkey’s springboard | beyondbrics | News and views on emerging markets from the Financial Times – FT.com

Turkey will ‘lose nothing’ with EU- Cyprus snub

Turkey will ‘lose nothing’ with EU- Cyprus snub

In comments on the stalemate in the accession talks, Bagis said the EU was in the grips of “an eclipse of reason,” but said Turkey would stay on the path of reform.
MIKE DOYLE / FG ONLINE
• Mon, Nov 21, 2011
TURKEY’S EU Minister Egemen Bagis has said that Ankara will lose nothing if it fails to open any EU chapter during the six months during the Greek Cypriot presidency.

More:Turkey will ‘lose nothing’ with EU- Cyprus snub

Turkey Fin Min: Turkey Will Be Hit By Euro Zone Slump, Rebound Strongly - WSJ.com

Turkey Fin Min: Turkey Will Be Hit By Euro Zone Slump, Rebound Strongly

By Joe Parkinson

Of DOW JONES NEWSWIRES

ISTANBUL (Dow Jones)--Turkey's finance minister this weekend urged Europe's policymakers to stem contagion risks from the spiraling debt crisis, but dismissed market concerns over a spike in Turkish prices, suggesting Ankara remains more concerned about threats to growth than inflation.

More:Turkey Fin Min: Turkey Will Be Hit By Euro Zone Slump, Rebound Strongly - WSJ.com