Europe ‘still top market’ for Turkish travel companies: TÜRSAB chair

BARÇIN YİNANÇ – barcin.yinanc@hurriyet.com.tr Europe will remain as a top market for Turkish tourism industry despite a growing interest in attracting visitors from the Far East, according to Firuz B. Bağlıkaya, the president of Association of Turkish Travel Agencies (TÜRSAB). “I am not sure if we can attract several million from the Far East market as we are doing from Europe,” he told Hürriyet Daily News in a recent interview. “Eighty percent of touristic movements take place in their own…

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Erdoğan: Do Not Resort to Buying Foreign Currency, I Would Implement Plans B-C

Click to read the article in Turkish President and Justice and Development Party (AKP) Chair Recep Tayyip Erdoğan spoke about the recent economic developments in the country at the “Business World and Non-Governmental Organizations Meeting” in Trabzon yesterday (August 12). Addressing the industrialists, Erdoğan said, “Do not rush to the banks to buy foreign currency. Otherwise, I would have to implement the plans B and C.” “I would have to implement plans B and C” Here are some of the…

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No plans for dollar move at Glanbia

Glanbia chief executive Siobhán Talbot. Photo: Tony Gavin No plans for dollar move at Glanbia Independent.ie Glanbia has no plans to start reporting its financial results in dollars, despite foreign exchange swings during the first half of the year that meant the group’s reported revenue and earnings showed much bigger declines than it experienced on a constant currency basis. https://www.independent.ie/business/irish/no-plans-for-dollar-move-at-glanbia-37209245.html https://www.independent.ie/incoming/article37208966.ece/de7e1/AUTOCROP/h342/PL32034411Siobhan%20Talbot1%20.jpg Email Glanbia has no plans to start reporting its financial results in dollars, despite foreign exchange swings during the…

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Turkey says has action plan to ease market concerns beginning Monday – Business News

ISTANBUL: Turkey has drafted a economic action plan and will start implementing it on Monday morning to ease investor concerns, Finance Minister Berat Albayrak said on Sunday, after the lira plunged to a new record low in early Asia Pacific trade. In an interview with Hurriyet newspaper published online, Albayrak described the lira’s weakness as “an attack,” echoing President Tayyip Erdogan – who is his father-in-law – and said the action plan was ready. “From Monday morning onwards our institutions…

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Turkey says has action plan to ease market concerns; lira firms from record low – World

ISTANBUL (Reuters) – Turkey has drafted a economic action plan and will start implementing it on Monday morning to ease investor concerns, Finance Minister Berat Albayrak said on Sunday, after the lira plunged to a new record low in early Asia Pacific trade. In an interview with Hurriyet newspaper published online, Albayrak described the lira’s weakness as “an attack,” echoing President Tayyip Erdogan – who is his father-in-law – and said the action plan was ready. “From Monday morning onwards…

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Erdogan, Amir discuss bilateral ties; president slams lira ‘plot’ – Kuwait Times

KUWAIT: A Kuwaiti man holds a one US dollar bill next to a five Turkish lira banknote at a currency exchange yesterday. – Photo by Yasser Al-Zayyat KUWAIT/ISTANBUL: HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and Turkish President Recep Tayyip Erdogan discussed bilateral ties, issues of mutual importance and regional and international affairs. This came amid a telephone conversation between the two leaders on Saturday, during which Erdogan wished Kuwait further development and prosperity under the wise leadership of…

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Erdogan says lira crash ‘political plot’ against Turkey

ISTANBUL – President Recep Tayyip Erdogan on Sunday said the crash of the Turkish lira, sparked by a bitter dispute with the United States, was a “political plot” against Turkey and warned Ankara would now seek new markets and partners. Turkish President Tayyip Erdogan, pictured in July 2018, appeared to indicate that the entire alliance between Turkey — which joined NATO in 1952 with strong American backing — and Washington was at stake The dispute between the two NATO allies…

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Nephros, Inc. (NEPH) CEO Daron Evans on Q2 2018 Results – Earnings Call Transcript

Nephros, Inc. (OTCQB:NEPH) Q2 2018 Results Earnings Conference Call August 8, 2018 4:30 PM ET Executives Kirin Smith – PCG Advisory Group Daron Evans – CEO Andy Astor – CFO Analysts Peter Kozlowski – Windward Venture Partners Arthur Winston – Pilot Advisors Gary Sacks – RHK Capital Operator Good afternoon and welcome to the Nephros Incorporated Second Quarter 2018 Financial Results Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the…

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Manager praises country’s macroeconomic stability measures – Economy – Angola Press

The CEO of Angolan Agency for Regulation and Supervision of Insurance (Arseg), Aguinaldo Jaime said this Friday. Addressing a TV Zimbo’s Great Interview, Arseg chairperson acknowledged that the country is experiencing a tough moment. According to him, the families are facing difficulties, despite some improvements in the performance of the economy. Difficulties are also being experienced by companies and jobs, which pose greater challenges to those who want to strictly manage the economy to improve the living conditions of the…

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Alliance at stake, Turk warns U.S.

Turkish President Recep Tayyip Erdogan is showing no signs of backing down in a standoff with the U.S. that has rattled markets. “I call out to those in the United States. It is a shame. You are trading a strategic NATO ally for a pastor,” Erdogan said Saturday during a rally in the Black Sea port of Ordu, referring to the U.S. decision to sanction Turkey for its imprisonment of an American priest. “You cannot tame our people with threats.”…

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Indonesia, Australia Sign $6.92b Currency Swap Deal

Under the agreement, Indonesia can swap the rupiah directly to the Australian dollar at a predetermined exchange rate, instead of having to convert it first to other currencies. Erwin said Indonesia could withdraw up to $112 billion from multilateral or bilateral swap deals in a second line of defense, should the country’s foreign exchange reserves be insufficient to maintain the stability of the rupiah’s exchange rate. The $112 billion deals include a $66.6 billion loan facility from the International Monetary Fund (IMF) known as the flexible credit…

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Nigeria imported 6.5 billion litres of fuel in three months – Punch Newspapers

Ifeanyi Onuba Between April and June this year, the country imported 6.5 billion litres of petroleum products, figures obtained from the National Bureau of Statistics have indicated. The Petroleum Products Report, which was obtained on Friday in Abuja, showed that the country imported 4.79 billion litres of Premium Motor Spirits (petrol), and 1.11 billion litres of Automotive Gas Oil (diesel) during the period. It showed that 43.79 million litres of Household Kerosene and 200.39 million litres of Aviation Turbine Kerosene…

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Peter Amangbo Zenith is a Technology Driven Bank that Thrives on Innovation

Zenith Bank Group Managing Director/Chief Executive Officer, Mr. Peter Amangbo Zenith Bank Plc has in 28 years grown to become one of the strongest and most profitable banks in Nigeria as well as in the entire Africa. The financial institution which was established in May 1990 and commenced operations in July of same year with N20 million, currently has total assets of N5.256 trillion (as at June 2018). The bank’s management team is made up of seasoned professionals led by…

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Iran rejects talks; Washington reimposes tougher sanctions – Kuwait Times

This combination of file pictures shows (L) Turkish President Tayyip Erdogan making a speech  in Ankara and (R) US President Donald Trump gestures as he speaks in Bedminster, New Jersey.-AFP TEHRAN: Iran gave its most explicit rejection yet of talks with the United States yesterday, and accused Washington of an “addiction to sanctions” over its latest spat with Turkey. The US reimposed harsh sanctions on Iran on Tuesday following its May withdrawal from a landmark 2015 nuclear agreement, dealing a…

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Across the aisle: First anarchy, now autarky

PM Narendra Modi (PTI) When I talk to young people below the age of 25 years, I have found that one of the best ways to capture their attention — and regale them — is to tell them about “booking a trunk call” or “buying a scooter” in the good old days! Invariably, the listener will draw the following conclusions: 1. That I was inventing the stories/experiences. 2. That I am technologically challenged. 3. That I am older than his/her…

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This Dividend Powerhouse Is Back in Payout Growth Mode — The Motley Fool

The best dividend stocks routinely make sizable increases to their quarterly payouts, with their healthy fundamental business prospects making it possible for the company to return more of its capital to its shareholders in the form of dividends. When a successful dividend stock starts to slow the pace of its annual dividend increases, though, it can be a warning sign of future trouble. Philip Morris International (NYSE:PM) has a good history of producing dividend growth, with annual increases to its…

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