Two Bloomberg reporters and 17 other defendants sought their acquittal on Friday in a Turkish court case in which they are charged with spreading false information about the economy at the height of last year's currency crisis.
* Government wants more lending to boost recovery. * Regulator asked banks 'one last time' to deal with soured debt. * Ankara lost patience after months of talks, no progress. * Last-minute plan to park loans in an asset mgr failed to impress. * State banks could benefit from higher NPL ratios. By Orhan Coskun, Ebru Tuncay, Can Sezer and Jonathan Spicer.
Turkish inflation will fall significantly in September due to the high base from the previous year, with leading indicators suggesting the slowdown in annual food inflation will continue, the central bank said on Thursday.
* Aggressive move comes a year after worst of crisis. * Banks' NPL ratio to rise to 6.3% - BDDK watchdog. * Firms told to set aside loan loss provisions. * Hard-hit construction, energy sectors the focus. By Jonathan Spicer.
* Aggressive move comes a year after worst of crisis. * Banks' NPL ratio to rise to 6.3% - BDDK watchdog. * Firms told to set aside loan loss provisions. * Hard-hit construction, energy sectors the focus. By Jonathan Spicer.
Turkey's financial regulator BDDK instructed the country's banks on Tuesday to reclassify 46 billion lira worth of loans as non-performing by year end, and to set aside reserves to cover the losses. The aggressive move is expected to raise banks' NPL ratio to 6.3 percent from 4.6 percent, BDDK said.
* Turkey nearly completely reliant on imports for energy. * Inflation seen falling to single digits in Sept. * Rise in oil prices could drive inflation up again. By Ali Kucukgocmen. The weekend attack on Saudi oil production facilities could delay Turkey's efforts to contain inflation and to finally leave a recession behind if a supply shock means global oil prices stay elevated, analysts said.
Turkey will issue gold-backed bond and sukuk for corporate investors, especially for retirement and investment funds, with a settlement date of Sept. 20, the treasury said on Tuesday. Bonds and sukuks will have a 6-month interest or rent rate of 1%, the treasury said, adding that they will have a two-year maturity.
The Turkish lira weakened 0.7 percent against the dollar early on Monday as investors weighed up the impact of a surge in oil prices after weekend attacks on crude facilities at key producer Saudi Arabia sparked supply fears. At 0405 GMT, the lira stood at 5.7315, weakening from a close on Friday of 5.6900.
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