World Bulletin / News Desk
Moody's Investors Service on Wednesday raised Turkey's government bond ratings by one notch to Ba1 from Ba2, and maintained its positive outlook on the country.
The agency cited a significant improvement in Turkey's public finances and the resulting increased shock-absorption capacity of the government's balance sheet.
It also noted policy actions that have the potential to address external imbalances, such as the large current account deficit, which is the largest credit risk facing the country.
"Looking ahead, an upgrade to an investment-grade rating will probably be dependent on Turkey becoming more resilient to balance-of-payment shocks, given the already favourable public-finance metrics," Moody's said in a statement.
An "anti-terrorism" campaign -- focusing on East Turkestan (Xinjiang), home to the Turkic Uighur Muslim ethnic group -- was launched by China’s central government May 23.
Turkish dailies reported Wednesday clashes over the demolition of a statue to a PKK founder, indications that Turkey's foreign minister could take over the prime ministerial post and protests over the death of an unarmed black teen in Missouri, the U.S.
Outgoing Turkish President Gul said 'As far as it seems, Foreign Minister Ahmet Davutoglu will take over as prime minister'
Turkey's year-end growth forecast increased to 2.7 percent, senior economist says.
The Eritrean capital Asmara becomes Turkish national flag-carrier's 42nd destination in Africa
One person has been confirmed dead after clashes broke out when security forces arrived to remove an illegal statue of a PKK leader.
Turkish Energy Minister Taner Yildiz called for the lifting of an Israeli blockade so power can be delivered to Palestinians.
Currently it is estimated that there are almost a million Syrian refugees in Turkey, about 70 percent of whom live outside the refugee camps.
Turkish dailies on Tuesday reported on the claims that Germany's foreign intelligence agency has been spying on Turkey and protests over the death of an unarmed black teen in Missouri, U.S.
Twenty out of 32 suspects accused of conducting illegal wiretapping detained in Izmir, Istanbul and Yalova.
A UN report also asserted that Ethiopia's low level of economic development, coupled with a heavy dependence on rain-fed agriculture and high population growth, made the country particularly vulnerable to the adverse impacts of climate change.
Republican People's Party deputy group chairman Muharrem Ince has announced his intention to stand for the leadership of the party.
The latest ship loaded with northern Iraqi oil left a Turkish port as the amount of oil pumped to Turkey from northern Iraq reached 7.8 million barrels.
Turkey summoned the German ambassador in Ankara over a report that Germany's BND intelligence agency had been spying on its NATO ally for years
Turkish dailies covered German intelligence spying on Turkey and the tragic plight of the Ezidis in Iraq.
A 35-year-old man fired at the embassy building and was immediately caught by security forces.