Turkish Finance Minister Mehmet Simsek and Central Bank Governor Fatih Karahan told international investors on Tuesday that they would do whatever was needed to tame market turmoil triggered by the arrest of President Tayyip Erdogan's main political rival.
Mehmet Simsek © Mena Today
Turkish Finance Minister Mehmet Simsek and Central Bank Governor Fatih Karahan told international investors on Tuesday that they would do whatever was needed to tame market turmoil triggered by the arrest of President Tayyip Erdogan's main political rival.
Police detained Mayor Ekrem Imamoglu, Erdogan's main political rival, last Wednesday, and a court jailed him on Sunday pending trial on corruption charges, sparking Turkey's biggest protests in more than a decade and a major market sell-off.
By Andres Seban
A teenager opened fire at a high school in Turkey's southeastern province of Sanliurfa on Tuesday, wounding at least 16 people including students and teachers before killing himself, the province's governor said.
LVMH's most prized division, fashion and leather goods, home to Louis Vuitton and Dior, has reported a 2% decline in organic revenue in Q1, undershooting even the modest contraction analysts had anticipated, according to Gate Advisory, a firm specializing in Financial Intelligence.
Negotiating teams from the U.S. and Iran could return to Islamabad later this week, five sources said on Tuesday, days after the highest-level talks between the two countries in decades ended without a breakthrough.
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