Turkish President Tayyip Erdogan told Russian leader Vladimir Putin on Saturday an accord aimed at containing the Syrian conflict could be destroyed if Syrian government forces target the Idlib region, a Turkish presidential source said.
Turkey issued presidential decrees on Sunday reshaping key political, military and bureaucratic institutions as part of the transformation to a powerful executive presidency triggered by last month’s election.
World stocks rose for a second consecutive week on Friday as investors prepared for an expected run of strong earnings in the United States, although fears about the U.S.-China trade conflict kept gains in check and pushed the dollar higher.
Stocks and commodity markets regained some poise on Thursday, having suffered wild tailspins in the previous session as the United States ratcheted up trade war threats on China.
Turkey’s lira weakened to a record low of 4.9767 against the dollar in overnight Asian trade before trimming losses, hit by worries about economic management and monetary policy under Tayyip Erdogan’s stronger executive presidency.
S&P Global is watching Turkey closely, the rating agency said on Tuesday, and it warned that President Tayyip Erdogan’s move to install his son-in-law as finance minister showed power in the country was now increasingly centralized.
The Chinese yuan rebounded and the dollar strengthened broadly on Monday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.
A Turkish presidential decree issued after Tayyip Erdogan was sworn in with sweeping new executive powers said the president will appoint the central bank governor, deputies and monetary policy committee members for a 4-year period.
Turkish President Recep Tayyip Erdogan has announced the new cabinet members hours after he was sworn in on late Monday, the media reported.
Turkey’s Tayyip Erdogan will fulfill a long-held ambition on Monday when he is sworn in as president with sweeping new powers over a country he has dominated and reshaped during his 15-year rule.