Tag: Turkey

Turkish stocks rise, lira hits fresh record low after Erdogan wins re-election

Turkish stocks climbed on Monday, while the lira hit a fresh record low after President Recep Tayyip Erdogan was re-elected and embarked on his third decade in the top position.

Turkish banks restrict credit access amid pre-runoff uncertainty

Turkish banks have restricted access to some individual loans and postponed decisions on extending corporate loans following new regulations introduced since Sunday’s inconclusive presidential vote and ahead of a May 28 runoff, bankers said.