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Shots fired at gate of U.S. Embassy in Turkey; no injuries reported

“Shots were fired from a moving car at the U.S. Embassy in Turkey before dawn on Monday, an attack that came during heightened tensions between the two NATO allies” writes Zeynep Bilginsoy for sun-sentinel.com. A top official in Turkey’s ruling Justice and Development Party said the attack was a “clear provocation” and that foreign diplomatic missions are guests of the country.There were no casualties and no claim of responsibility for the fleeting attack, in which three of the six bullets that were fired hit the embassy gate and a reinforced…

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Turkey’s Erdogan says attack on economy no different from attack on flag

“President Tayyip Erdogan on Monday cast a recent currency crisis as an attack on Turkey’s economy, no different from a strike against the flag or call to prayer, taking a defiant tone in his address at the eve of the Muslim Eid al-Adha festival” writes unknown author for cnbc.com. In a pre-recorded address to the Turkish people ahead of the start of the four-day holiday on Tuesday, Erdogan said the aim of the recent currency crisis was to bring “Turkey and its people to their knees”. He said that Turkey…

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Turkish economy will not collapse: Logoglu

“A: No, Turkish economy will not collapse, despite the deep problems it is facing” reports tehrantimes.com. As I said earlier, the Turkish economy will not collapse.It would first depend on the course the Turkish economy takes in the next few months.Q: Is there possibility of collapse of Turkey’s economy if the tensions continue?. This could have a deleterious impact on the Turkish economy. Source: tehrantimes.com Share This:

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U.S. missionary thrust to the center of Turkey-U.S. crisis

“We’ll win in the end,” said the message, which was dated July 21, 2016 and addressed to a fellow pastor, according to the indictment” writes Midwest Communications Inc for 95kqds.com. He is still in detention and is now at the center of a diplomatic row that has fueled Turkey’s most serious currency crisis for almost two decades. Source: 95kqds.com Share This:

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Sky is clear for sunny U.S. economy, but clouds are forming

“Consider the brief slump in stocks last week on worries that a financial crisis in Turkey could spread beyond its borders” writes Jeffry Bartash for marketwatch.com. The economy is not so stable that it can shrug off a throng of potential threats in the months ahead.Briefly the fear of a Turkish meltdown spreading to Europe cause stocks DJIA, +0.43%   in the U.S. to decline.By most measures the economy is as strong now as it has been in decades.If the Fed moves either too fast or too slow, the results…

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Turkey’s Erdogan says to challenge ‘games’ on the economy

“ANKARA (Reuters) – A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing “games” on the economy” writes Midwest Communications Inc for 95kqds.com. “Today some people are trying to threaten us through the economy, through interest rates, foreign exchange, investment and inflation,” Erdogan told the congress of his ruling AK Party. “We did not and will not surrender to those who act like a strategic partner but make us a strategic target,” Erdogan…

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Turkey’s lira weakens 4 percent, Trump says won’t take pastor’s detention ‘sitting down’

“Turkey’s dollar bonds fell, while the cost of insuring exposure to Turkish debt rose” writes Midwest Communications Inc for 95kqds.com. It estimates Turkey’s short-term external debt at $180 billion and total external debt at $460 billion — the highest in emerging markets.ISTANBUL (Reuters) – Turkey’s battered lira weakened 4 percent on Friday after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention “sitting down”. Source: 95kqds.com Share This:

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Global Ports shrugs off Turkish volatility as weak lira bolsters profits

“The boss of London-listed ports operator Global Ports Holding insisted it was not suffering as a result of economic volatility in its home country of Turkey as it unveiled a surge in revenues and underlying profits” writes Jack Torrance for telegraph.co.uk. Mr Sayin said: “All of our revenues are hard currency and our cost base in Turkey is mostly Turkish lira, so in fact the weak lira actually helps us and increases our profit margins. Source: telegraph.co.uk Share This:

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