-
Turkish Lira Rise 2% Over Weekend Amid Leadership Shake-Up
Sunday, November 8, 2020 - 6:11pm | 291Read More...The Turkish lira rose by more than 2% against the U.S. dollar over the weekend, a departure from the usual for the country's currency in recent years. What Happened: Turkish Finance Minister Berat Albayrak announced his resignation on Sunday, citing health reasons. This was the...
-
Fintech Focus For October 5, 2020
Sunday, October 4, 2020 - 3:10pm | 1727Read More...Quote Of The Day: The only real prison is fear, and the only real freedom is freedom from fear. - Aung San Suu Kyi Fintech Movers: With COVID-19 and remote work causing many people to reconsider where they live, cities like Austin, Denver and Salt Lake City have increasingly come into the...
-
Fintech Focus For August 20, 2020
Wednesday, August 19, 2020 - 5:37pm | 2239Read More...Quote Of The Day: Whoever is happy will make others happy too. - Anne Frank Fintech Movers: There is a large opportunity for Google to leverage its massive direct consumer relationships to attract [banks] to sign up for co-branded checking accounts. For many of the bank and credit union partners,...
-
Turkish Government To Invest $3.7B In Domestic Electric Car Project
Friday, December 27, 2019 - 3:24am | 340Read More...Turkey's domestic electric car project will see a set investment of $3.7 billion over the course of 13 years, the Official Gazette of Turkey said in a statement on Friday, as reported by Reuters. What It Means The project will receive additional benefits from the government, including tax...
-
Greece To Buy Drones From US, Israel To Defend Against Another NATO Ally
Wednesday, December 18, 2019 - 3:13pm | 355Read More...Greece is buying three armed drones from the U.S. and another two from Israel, the country's defense minister Nikos Panagiotopoulos said, according to British newspaper the Times. What Happened The Greek minister told the country's parliament that the drones will be used as a defense...
-
Here's How You Can Dress Your Turkey In Cannabis This Thanksgiving
Wednesday, November 27, 2019 - 7:30am | 255Read More...Gravy for your turkey is delicious by itself and shouldn't be messed with. But for some, cannabis is a welcome addition. Kiva Confections is selling a turkey gravy packet which includes THC, the component of marijuana which gives users a buzz. The company says its special gravy includes...
-
US House Lawmakers Take Aim At Turkey With Their Own Sanctions Bill
Wednesday, October 30, 2019 - 2:30pm | 665Read More...U.S. House lawmakers voted overwhelmingly in favor of legislation to impose stiff economic sanctions against Turkey's political and defense leadership for the country's recent military incursion into northern Syria. In an Oct. 30 statement, House Foreign Affairs Committee Chairman Eliot Engel, D-...
-
Trump's Tweets: 'Never Trumpers' And Turkish Ceasefire
Wednesday, October 23, 2019 - 6:08pm | 414Read More...President Donald Trump had a busy day on Twitter (NYSE: TWTR) today with most of it focused on retweeting news coverage of the impeachment inquiry. Here are the highlights. The Never Trumper Republicans, though on respirators with not many left, are in certain ways worse and more dangerous for our...
-
President Trump Lifts Sanctions On Turkey
Wednesday, October 23, 2019 - 1:24pm | 453Read More...Donald Trump on Oct. 23 ordered the lifting of U.S. sanctions against three senior Turkish government officials and two ministries in response to Turkey's five-day ceasefire along the northern Syrian border. "As a result of today's action, all property and interests in property, which had been...
-
US Sanctions Could Be Lifted If Turkey's Ceasefire Holds
Thursday, October 17, 2019 - 2:59pm | 361Read More...The U.S. has reached an agreement with Turkey that if a ceasefire with Syrian and Kurdish forces holds for the next five days, then recently announced U.S. sanctions against Turkey could be lifted. The deal to lift the U.S. sanctions was announced by Vice President Mike Pence and Secretary of...
-
Today's Pickup: Water Trucks Deliver Relief As Turkey Pushes Into Syria
Thursday, October 17, 2019 - 11:47am | 699Read More...Water trucks from UNICEF are providing a lifeline to civilians caught in Turkey's offensive into northeastern Syria as aid agencies halt operations in the escalating violence. UNICEF partners began trucking 13,000 gallons of water per day to 4,000 people in shelters in Tel Tamer on October 15...
-
Turkey Tumult Again Brings Trouble For This ETF
Tuesday, October 15, 2019 - 7:47am | 533Read More...Amid fresh U.S. sanctions, the iShares MSCI Turkey ETF (NASDAQ: TUR) is in the spotlight again and not in a good way. On Monday, the lone U.S.-listed exchange traded fund dedicated to Turkish equities slid 3.89% on volume that was more than triple the daily average, extending its weekly decline to...
-
US Presses Turkey With Threat Of Economic Sanctions
Friday, October 11, 2019 - 1:02pm | 446Read More...Legislation has been introduced in the U.S. Senate to impose severe economic sanctions on Turkey's political leadership and military for recent attacks against Kurdish forces in northern Syria. Turkey immediately took military action after President Trump on Oct. 9 signed an executive order to...
-
Turkish Trouble Lurks Again For This ETF
Tuesday, May 28, 2019 - 6:40am | 555Read More...It has been another brutal year for investors in the iShares MSCI Turkey ETF (NASDAQ: TUR). The lone exchange traded fund in the U.S. dedicated to Turkish equities is down more than 17 percent year to date while the MSCI Emerging Markets Index is up by 2.18 percent. What Happened TUR is lower by...
-
More Tumult For The Turkey ETF
Tuesday, March 26, 2019 - 11:56am | 577Read More...Volatility is often the name of the game with the iShares MSCI Turkey ETF (NASDAQ: TUR) and that has been the case in recent trading sessions. After plunging last week amid speculation the lira is facing another crisis, TUR, the lone U.S.-listed exchange traded fund dedicated to Turkish equities,...
