How Erdogan's Push for Endless Growth Brought Turkey to the Brink

  1. How Erdogan’s Push for Endless Growth Brought Turkey to the Brink  Wall Street Journal
  2. Big Caps Gain as Retailers Offset Weakness in Tech: Markets Wrap  Bloomberg
  3. Turkey is reportedly prepared to release the imprisoned US pastor at the center of their economic crisis  Business Insider
  4. We wanted Turkey to be a partner. It was never going to work.  Washington Post
  5. Full coverage


Source: Google News

Turkey ready to respond if US imposes more sanctions

Turkey ready to respond if US imposes more sanctionsTurkey on Friday threatened to respond in kind if Washington imposed further sanctions over the detention of an American pastor which has sparked a diplomatic standoff and battered the Turkish currency. A Turkish court on Friday turned down another appeal to free the pastor in the third such rejection, his lawyer said. As Ankara sought to reassure markets after the lira went into a tailspin over the deepening spat, US Treasury Secretary Steven Mnuchin warned more sanctions would be on the way until Andrew Brunson was released.


Source: Yahoo! News

Turkey's lira weakens 5 percent, Trump says won't take pastor's detention 'sitting down'

Turkey's lira weakens 5 percent, Trump says won't take pastor's detention 'sitting down'The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived in Turkey for two decades, has become a flashpoint of tension between Washington and Ankara and has accelerated a currency crisis that has richocheted through global financial markets. The lira has lost nearly 40 percent of its value against the dollar this year, sparking a sell-off in emerging market currencies and weighing on global stocks. The crisis has been precipitated by investor alarm about President Tayyip Erdogan’s influence over monetary policy.


Source: Yahoo! News