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Turkish lira touches all-time low of 9.85 after Erdogan seeks expulsions

The Turkish lira skidded to anotherall-time low of 9.85 on Monday after President Tayyip Erdogan said he had ordered the expulsion of ambassadors from the United States and nine other Western countries, risking a diplomatic rift. ....

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Erdogan's critics say demand for expulsions is distraction from economy woes

President Tayyip Erdogan's political opponents said his call to expel the ambassadors of 10 Western allies was an attempt to distract attention from Turkey's economic difficulties, while diplomats hoped the expulsions might yet be averted. ....

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Turkish lira hits record low after Erdogan seeks expulsions

The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the United States and nine other Western countries. ....

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EXCLUSIVE Turkey's state banks likely to follow central bank and slash rates on Monday -sources

Turkey's state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week's unexpectedly hefty rate cut by the central bank. ....

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Fitch eyes fallout from Turkey rate cut 'missteps', official says

Turkey's surprisingly aggressive interest rate cut this week was another "policy misstep" and Fitch Ratings is watching how much it hurts financing for banks and companies, an official at the agency said on Friday. ....

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