Search results

Results 1 - 20 of 449
  • Weak economy could prove fatal to Erdogan administration

    ISTANBUL -- Turkey's constitutional revision expanding President Recep Tayyip Erdogan's authority was approved in the April 16 referendum, enabling Erdogan to stay in power until 2029. The Erdogan administration is strengthening its base by clamping

    April 28, 2017 12:00 pm JST
  • G-20 reaffirms commitment on orderly currency movements

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies on Thursday reaffirmed a G-20 commitment to orderly currency movements as a way to promote world economic growth and ensure stability in financial markets, according to Japane

    April 21, 2017 03:02 pm JST
  • Sreeram Chaulia

    Turkey haunted by ghosts of the past

    A narrow victory margin of only 2 percentage points in Turkey's referendum to approve sweeping constitutional changes has set the stage for President Recep Tayyip Erdogan to anoint himself as a modern-day sultan with untrammeled authority. Following

    April 18, 2017 12:35 am JST
  • Erdogan won by exploiting patriotism, terrorism fears

    ISTANBUL -- Turkish voters have narrowly supported a constitutional change by the national referendum conducted on Sunday that will grant greater power to the country's president. Taking advantage of being an incumbent in gaining patriotism votes wo

    April 17, 2017 02:15 pm JST
  • Turkey's Erdogan celebrates victory as count points to tight win

    ANKARA/ISTANBUL (Reuters) -- President Tayyip Erdogan celebrated what he said was a clear result in a referendum on Sunday to grant him sweeping new powers, but opponents said they would challenge the vote count which gave a narrow 51.3 percent lead

    April 17, 2017 04:20 am JST
  • Turks vote in historic referendum on expanding Erdogan's power

    ANKARA/ISTANBUL (Reuters) -- The counting of votes began on Sunday in a referendum that would give sweeping new powers to Turkey's President Tayyip Erdogan and herald the most radical change to the country's political system in its modern history.Po

    April 16, 2017 11:43 pm JST
  • Polls open in Turkey's historic referendum on reforms

    ISTANBUL (AP) -- Voters in Turkey were deciding Sunday on the future of their country, with polling stations opening for a historic referendum on whether to approve reforms that would concentrate power in the hands of the president.If the "yes" vote

    April 16, 2017 03:10 pm JST
  • Turkey's Erdogan says emergency rule could be extended upon expiry

    ANKARA (Reuters) -- The state of emergency imposed on Turkey after a failed coup last July could be extended further after it expires this month, President Tayyip Erdogan said on Thursday.Emergency rule enables the government to bypass parliament in

    April 14, 2017 04:40 am JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST
  • Global debt hits $215tn in 2016, led by emerging markets -- IIF

    Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.Global debt

    April 4, 2017 09:14 am JST
  • Tillerson tells frustrated Turks: US faces tough choices in Syria

    ANKARA (Reuters) -- U.S. Secretary of State Rex Tillerson acknowledged on Thursday that Washington faced difficult choices in the fight against Islamic State in Syria but sought to downplay differences with NATO ally Turkey over support for Kurdish

    March 30, 2017 11:26 pm JST
  • Turkey serves lesson for Japan's infrastructure export drive

    ANKARA -- Though Japan is working to boost infrastructure exports by focusing on its technological prowess, its failure to score a major bridge-building contract in Turkey shows how costs and other considerations can take precedence.Turkey signed an

    March 17, 2017 05:00 pm JST
  • Shine coming off Japanese infrastructure in Turkey

    ISTANBUL -- The loss by IHI and Itochu to a South Korean-led bid on a major bridge project in Turkey could mark a turning point for Japan's efforts to boost infrastructure exports to the country.The Japanese duo had sought to build a roughly 2,000-m

    March 13, 2017 03:00 pm JST
  • Malaysia's IHH Healthcare hit by one-off costs

    KUALA LUMPUR -- IHH Healthcare, Asia's largest hospital operator by market capitalization, said on Thursday net profit for the fiscal year ended Dec. 31 dropped 34% to 612.4 million ringgit ($137.6 million).Revenue grew 19% to 10 billion ringgit, dr

    February 23, 2017 09:30 pm JST
  • Turkish auto exports hit 1m for first time in 2016

    ISTANBUL -- Turkey's annual auto exports, including trucks and buses, surpassed 1 million units for the first time in 2016 as foreign automakers' investment in new models and a recovery in its mainstay European market lifted shipments.According to i

    February 15, 2017 03:00 pm JST
  • South Korean builders win Turkey bridge bid

    ISTANBUL -- A consortium led by South Korean companies has won the right to build the world's longest suspension bridge over the Dardanelles in Turkey, beating competitors from Japan, China and elsewhere.Tokyo had dispatched cabinet members to suppo

    February 15, 2017 06:00 am JST
  • Turkey to hold referendum on presidency on April 16 - election board

    ANKARA (Reuters) -- Turkey will hold a referendum on April 16 on proposed changes to the constitution that would replace its parliamentary system with the executive presidency sought by Tayyip Erdogan, the head of the High Election Board announced o

    February 11, 2017 07:03 pm JST
  • Stephan Richter

    How Turkey, China undermine future prosperity

    Turkey has lost its business dynamism. That is the predictable result of President Recep Tayyip Erdogan's systematic effort to root out the last figments of critical thinking in what he very consciously calls "his" country.Erdogan can count on futur

    February 7, 2017 02:30 pm JST
  • Next global shock may be bubbling under US stock euphoria

    TOKYO -- As capital flight from emerging countries quietly exerts pressure on global financial markets, investors remain largely oblivious amid solid gains in American equities.The Dow Jones Industrial Average finally climbed above 20,000 on Wednesd

    January 27, 2017 06:30 am JST