The Edge Markets

Goldman Sachs, yolsuzluk skandalı için Malezya'ya 2,5 milyar dolar ödedi

Malezya Kamu Kalkınma Fonu (1MDB) yolsuzluğuna karıştığı tespit edilen uluslararası yatırım bankası Goldman Sachs, uzlaşma bedeli olarak Malezya'ya yapmayı taahhüt ettiği 3,9 milyar dolar ödemenin 2,5 milyar dolarını transfer etti.

Necip Rezak'ın serveti Malezya hükümetine geçecek

Malezya hükümeti, eski Başbakan Necip Rezak'a ait 171 milyon dolar değerinde özel eşyaların devlet hazinesine kazandırılması için harekete geçti.

Ex-banker takes office as insurer

ISTANBUL - Renowned banker Akın Kozanoğlu leaves his vice president seat at Akbank to become the chief executive of ERGOİsviçre, an insurance company. Speaking to reporters, Kozanoğlu says the insurance sector in Turkey is expected to record rapid growth in the coming decades.

World battles to curb swine flu; toll rises to 149

MEXICO CITY - Governments around the world took steps Tuesday to curb the spread of a new strain of flu that has killed up to 149 people in Mexico in a couple of weeks and has spread to Europe and possibly Asia.

Kayseri residents unsure of future

With its economic dynamism, Kayseri is one of the cities that inspired the term "Anatolian Tiger" used for cities where economies have been growing. Despite all it’s dynamism and economic growth, Kayseri is afraid of the economic crisis and says it cannot see into it’s future

Real estate summit

ISTANBUL - The second Real Estate Investment World Summit will be held in Riyadh on May 24. The summit will explore investment opportunities as well as the impact of the crisis

Turkish Central Bank facing tough balancing act

Turkey's Central Bank is standing on a knife's edge, as it will have to make some tough calls in the near future on whether to keep interest rates at the current level or introduce a slight cut. The bottleneck stems from the uncertainty surrounding the ongoing talks with the IMF

High-wire act for the Central Bank

Turkey's Central Bank is standing on a knife's edge, as it will have to make some tough calls in the near future on whether to keep interest rates at the current level or introduce a slight cut.

Eczacıbaşı-Monrol, IBA combine forces to grow

ISTANBUL - Turkey’s Eczacıbaşı-Monrol and Belgium’s Ion Beam Applications, or IBA, join forces to distribute radiopharmaceuticals. The agreement involves cooperation in the Balkans, Mideast, North Africa, Central and Eastern Europe

Industry in trouble

ISTANBUL - Thirty eight industry leaders gathered to speak about the problems the construction industry is experiencing such as the lack of public trust, taxes on residential units, value-added tax disparity and banks not living up to financing agreements.

Industry in trouble

ISTANBUL - Thirty eight industry leaders gathered to speak about the problems the construction industry is experiencing such as the lack of public trust, taxes on residential units, value-added tax disparity and banks not living up to financing agreements.

Europe leaders agree on a bank rescue plan to fight crisis

European leaders agreed Sunday on a coordinated rescue plan to guarantee interbank lending, inject cash into the banking sector and take other measures to beat back the crisis caused by the global financial meltdown.

Europe leaders agree on a bank rescue plan to fight crisis

European leaders agreed Sunday on a coordinated rescue plan to guarantee interbank lending, inject cash into the banking sector and take other measures to beat back the crisis caused by the global financial meltdown.

Icelandic, British gov’ts to find solution after UK threat to sue

The Icelandic and British governments will try to find a solution to a dispute over money held by British savers in two frozen Icelandic banks, Iceland’s prime minister said Wednesday. (UPDATED)

Icelandic, British gov'ts to find solution after UK threat to sue

The Icelandic and British governments will try to find a solution to a dispute over money held by British savers in two frozen Icelandic banks, Iceland's prime minister said Wednesday. (UPDATED)

U.S. House approves and sends Bush $700 bln financial rescue plan

The U.S. House of Representatives approved a $700 billion bailout package for U.S. banks, under pressure from all sides, as the effort to head off a spreading financial crisis hung in the balance. Bush said the bill represents "a decisive action" to ease the credit crunch. (UPDATED)

U.S. House approves and sends Bush $700 bln financial rescue plan

The U.S. House of Representatives approved a $700 billion bailout package for U.S. banks, under pressure from all sides, as the effort to head off a spreading financial crisis hung in the balance. Bush said the bill represents "a decisive action" to ease the credit crunch. (UPDATED)

U.S. House approves and sends Bush $700 bln financial rescue plan

The U.S. House of Representatives approved a $700 billion bailout package for U.S. banks, under pressure from all sides as the effort to head off a spreading financial crisis hung in the balance. Bush said the bill represents "a decisive action" to ease the credit crunch.(UPDATED)

U.S. jobs data weak, pressure on Congress to pass bailout bill

The United States reported its biggest monthly job loss in 5-1/2 years on Friday, piling pressure on the U.S. House of Representatives to pass a $700 billion bill to bail out banks and arrest a spreading crisis.

U.S. jobs data weak, pressure on Congress to pass bailout bill

The United States reported its biggest monthly job loss in 5-1/2 years on Friday, piling pressure on the U.S. House of Representatives to pass a $700 billion bill to bail out banks and arrest a spreading crisis.

Investors fear for Monday as Lehman talks continue

Investors say global financial markets could plunge if nothing regarding Lehman Brother's issue is done by Monday, because of fear that the U.S. government will have to prop up more financial institutions.

Bernanke: U.S. economy challenges Fed policymakers

Fed Chairman Ben Bernanke told Congress Tuesday that the fragile U.S. economy is being confronted by "numerous difficulties" including persistent strains in financial markets, rising joblessness and housing problems.

Bernanke: Financial turmoil in markets easing

Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," U.S Federal Reserve Chairman Ben Bernanke said Tuesday.

Bernanke: Financial turmoil in markets easing

Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," U.S Federal Reserve Chairman Ben Bernanke said Tuesday.

GOOD MORNING--TURKEY PRESS SCAN ON APR 29

These are some of the major headlines and their summaries in the Turkish press on April 29, 2008. Hurriyet English does not verify these stories and does not vouch for their accuracy.

GOOD MORNING--TURKEY PRESS SCAN ON APR 29

These are some of the major headlines and their summaries in the Turkish press on April 29, 2008. Hurriyet English does not verify these stories and does not vouch for their accuracy.

Erdal Saglam: Economy officials disagree with the government

''First of all we need to keep macro-economic stability. And it has two benchmarks: Low inflation and fiscal discipline. You shouldn't make any concessions on these. Because the rest comes as a result of this.'' I don't know who told this. But isn’t this correct?