Lira crisis: action by Turkey’s central bank fails to quell contagion fears

Euro falls to one-year low as investors worry liras crash could infect European markets The Turkish lira was under severe pressure on Monday as an intervention by the countrys central bank, and defiant words from president Recep Tayyip Erdoan, failed to to quell investors fears that the countrys financial crisis…

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The Dude Is Back With a $100 Million Bet on Turkish Stocks

A single brokerage in Istanbul has been placing outsize bets on Turkish stocks at a time when less adventurous investors are bracing for a crisis. Yatirim Finansman was a net buyer of 565 million liras ($105 million) in equities this week, by far the largest bet on the market in…

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‘My whole life has been a lie’: Sweden admits meatballs are Turkish

Turks dont mince their words as they relish news that Ikeas famous dish is not Swedish Turks have reacted with undisguised glee to what many have described as an official and certainly long overdue confession from Stockholm that Swedens signature national dish is, in fact, Turkish. Those famous Swedish meatballs…

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