World Bulletin / News Desk
The euro zone's ESM rescue fund will be granted a banking licence, giving it enough fire power to head off the bloc's debt crisis, Italian Prime Minister Mario Monti said on Wednesday.
German officials have strongly played down the idea that the permanent ESM fund would be given such authority, which would allow it to tap unlimited resources through the European Central Bank's liquidity operations.
Asked if the ESM should be granted a banking license, Monti told a news conference in Finland: "I think this will help.... this will in due course occur."
Uludag Economy Summit kicked off on Friday in Turkey's northwestern Bursa province
Turkish economy minister says decree will be announced soon
Dow, S&P, Nasdaq each lost about 2 percent after major losses previous day
If tariffs increase to erode trade relations, global economy would be negatively affected, Moody's says
Outlook changed to stable from negative due to "pursuing an effective set of reforms and policies," agency says
China's measured response and US indications of openness to talks suggest trade war avoidable, says Fitch Ratings
BIST 100 index starts day with over 1 percent fall; US dollar/Turkish lira rate climbs to 3.96
Liberality key for global economic growth, Mehmet Simsek tells 7th Uludag Economy Summit
Number of unemployed persons aged 15 years and over amounts to 3.45 million last year, says TurkStat
The ransomware assault shut down multiple internal and external applications for the city, including apps that people use to pay bills and access court-related information, Mayor Keisha Lance Bottoms told a news conference Thursday.
Turkish economy minister says relations between the two countries' private sectors should be developed
Employment growth remained solid however, according to the report by data monitoring company IHS Markit, with job creation seen in both the services and manufacturing sectors, even if at slower rate.
Highest growth forecast for 2017 economic growth was 7.9 pct, while lowest was 6.6 pct
BIST 100 rises 0.62 percent; US dollar/Turkish lira exchange rate decreases to 3.9130 compared to previous close
Prices post a daily gain of more than 3 percent, and reach their highest level since Feb. 2