The Turkish Lira hit an unprecedented low against the euro during the week with ECB reporting a closing price of one euro to 8.90 Turkish Lira while trading platform xe.com recorded a
Brussels must be ready to activate all its tools including sanctions against Turkey, in response to Ankara’s aggression in the Eastern Mediterranean, France’s visiting Europe Minister Clément Beaune said Friday. After meeting
Moody’s Investors Service has downgraded the ratings on eight non-financial corporates in Turkey and maintained the negative rating outlooks, following an avalanche of rating cuts that kicked off with the downgrade of
By Han Tan, Market Analyst at FXTM Asian stocks are edging higher with the MSCI Asia Pacific index set to register its first weekly gain this month. However, the selloff in US
Cyprus has called on its European Union counterparts to take common action on air travel and connectivity to mitigate the negative impact of the coronavirus. Transport Minister Yiannis Karousos sent a non-paper
Although Turkey has withdrawn its survey ship from Greek waters, extending its drilling activity off Cyprus will only escalate a crisis in the East Med, European Commission spokesman Peter Stano said. “The
Moody’s has cut the covered bonds issued by five Turkish banks by one notch, following successive downgrades of 13 banks on Tuesday and Turkey’s sovereign last Friday, warning of possible balance-of-payments crisis
Brussels will act to defend the rights of European Union member state Cyprus in its standoff with Turkey over maritime and energy rights, visiting European Council President Charles Michel said Wednesday. Michel’s
Despite coronavirus disruptions, growing demand for quality education will continue to drive primary and secondary education provider’s growth over the next three years, according to a new report by Moody’s Investors Service.
Turkey must immediately de-escalate in the Eastern Mediterranean to start problem-solving, otherwise, Brussels will consider sanctions, EU foreign policy chief Josep Borrell told the European Parliament plenary. Borrell said he would continue
