15 July 2016
By Barney Henderson
Turkey's currency has suffered its hearviest fall into two months as investors took fright at a coup by the country's militar, Ben Martin reports.
The lira plunged as much as 3.8pc to 2.9991 against the dollar a money mangres took fright at reports Turkey's army had taken control of Ankara, the capital.
US Treasuries, a classic safe-haven investment, were in demand on Friday evening, with yields on American debt falling four basis points to 1.552pc. Bond yields move inversely to prices....
There have been salvos before today. This is from May 15th:
9 May 2016
In Turkey, (click here) little doubt can be left now as to who is in charge. Recep Tayyip Erdogan, the country's formidable and ruthless president, has pushed out the Prime Minister, Ahmet Davutoglu, and looks set to replace him with a candidate more inclined to do his bidding.
Turkish journalists have been investigated and put on trial, foreign journalists have been harassed and deported. Last month, police raided Turkey's biggest newspaper, Zaman. Its staff emerged bloodied and cowed...
The last coupe was in 1997.
There have been salvos before today. This is from May 15th:
9 May 2016
In Turkey, (click here) little doubt can be left now as to who is in charge. Recep Tayyip Erdogan, the country's formidable and ruthless president, has pushed out the Prime Minister, Ahmet Davutoglu, and looks set to replace him with a candidate more inclined to do his bidding.
The surprise move follows a campaign by Mr Erdogan, who is supposed to hold a largely ceremonial role, to consolidate power in his office, and a period in which the president has waged war on journalists, critics, and the rebels of the Kurdistan Workers Party (PKK).
The 61-year-old and his AK Party enjoy a fierce and loyal support among Turkey's conservative, Muslim base, while outside the country outrage grows over his silencing of critics, often by force.
Turkish journalists have been investigated and put on trial, foreign journalists have been harassed and deported. Last month, police raided Turkey's biggest newspaper, Zaman. Its staff emerged bloodied and cowed...
The last coupe was in 1997.
Istanbul, Ankara (Al Jazeera)—Turkey’s military (click here) has officially declared a coup and said that it has “taken control of the country,” shutting down major bridges and Istanbul’s main airport.
The Dogan agency quoted the military on Friday as saying, that it wants “to reinstall the constitutional order, democracy, human rights and freedoms, to ensure that the rule of law once again reigns in the country, for the law and order to be reinstated.”
The military statement went on to say that “all international agreements and commitments will remain. We pledge that good relations with all world countries will continue.”...
