Latest New Turkish lira News

Smaller companies lead US stocks higher as Turkey fears ease

Aug. 14, 2018 10:33 AM EDT

NEW YORK (AP) — U.S. stocks are broadly higher Tuesday morning as worries about Turkey's currency crisis stabilized. Retailers and smaller companies are making some of the biggest gains. Global markets have taken two days of losses as investors worried that the country's troubles might spread. KEEPING...

The Latest: Turkey says it will help firms hit by turmoil

Aug. 14, 2018 10:27 AM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 5:25 p.m. Turkey's finance minister says his government is working on steps to help banks and support companies affected by the currency crisis. Treasury and Finance Minister Berat Albayrak said: "We will make all kinds of...

Global markets stabilize as Turkey jitters ease

Aug. 14, 2018 8:17 AM EDT

BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries. KEEPING SCORE: Germany's DAX rose 0.2 percent to 12,376 and France's CAC 40 was up less than 0.1 percent to 5,414 after economic growth figures for the...

Indian rupee falls to all-time low against dollar

Aug. 14, 2018 8:07 AM EDT

NEW DELHI (AP) — The Indian rupee fell to an all-time low Tuesday against the U.S. dollar amid worries that Turkey's growing financial crisis could spread to other developing-world economies. Indian Economic Affairs Secretary Subhash Chander Garg told reporters that there was "nothing at this stage to...

Turkey's Erdogan vows US boycott, but diplomats resume talks

Aug. 14, 2018 8:06 AM EDT

ANKARA, Turkey (AP) — Turkey's president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott U.S.-made electronic goods. Behind the scenes, however, diplomats resumed contact to ease tensions. Addressing a...

Asian markets mixed after Wall St falls on Turkey jitters

Aug. 14, 2018 12:25 AM EDT

BEIJING (AP) — Most Asian stock markets were mixed Tuesday after Wall Street declined as Turkey's central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. KEEPING SCORE: The Shanghai Composite Index fell 0.5 percent to 2,771.81 and Hong Kong's Hang Seng lost...

Turkey tries to contain crisis but currency keeps falling

Aug. 13, 2018 12:26 PM EDT

ANKARA, Turkey (AP) — Turkey's central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over...

Why Turkey's currency is plunging and what it means

Aug. 13, 2018 12:16 PM EDT

ISTANBUL (AP) — Turkey's currency and stock market kept on falling Monday, weighed down by investor fears about the country's economic policies and worsening relations with the United States. The lira fell as low as 6.89 to the dollar Monday, down about 7 percent on the day and 45 percent since the start...

The Latest: Germany urges solution on Turkish prisoners

Aug. 13, 2018 9:56 AM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 4:55 p.m. Germany's foreign minister says it would be in Turkey's own interest to come to an agreement with the United States and others on the release of foreign prisoners. Angered by the continued detention of an American...

Global stocks sink as Turkey fears hurt emerging markets

Aug. 13, 2018 7:48 AM EDT

BEIJING (AP) — Global stock prices sank Monday as Turkey's financial turmoil fueled fears of contagion in other emerging markets. KEEPING SCORE: Germany's DAX declined 0.6 percent to 12,346 and London's FTSE 100 retreated 0.5 percent to 7,625. France's CAC 40 lost 0.2 percent to 5,401. On Wall Street,...