Turkey’s main stock exchange, Borsa Istanbul, has become the first institution to convert all of its cash assets into the Turkish Lira a few hours after President Recep Tayyip Erdoğan called on people and institutions to back the struggling currency against the U.S. dollar. Source Hurriyet Daily
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
Yearly subscription: 10 issues for 225€
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Turkey’s talks with Russia about the purchase of the S-400 air missile defense system have reached a “final stage”, although this does not mean a deal will be signed immediately, Defense Minister Fikri Isik said on Friday. Source Reuters
President Donald Trump launched an investigation on Thursday to determine whether Chinese and other foreign-made steel threatens U.S. national security, raising the possibility of new tariffs and triggering a rally in U.S. steel stocks. Source Reuters
Greece achieved a 2016 primary surplus almost seven times higher than its bailout target, but the International Monetary Fund is skeptical the country can sustain that performance. Source Bloomberg