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Turkish President Tayyip Erdogan addresses members of parliament from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, October 25, 2023. Political analysts said his planned address in Istanbul aimed to reinforce his growing criticism of Israel's bombardment of the Gaza Strip and to overshadow Sunday's celebrations marking Turkey's secular roots. Turkey has condemned Israeli civilian deaths caused by Hamas's Oct. 7 rampage through southern Israel, but Erdogan this week called the militant group Palestinian "freedom fighters". ATATURK LEGACYThis week, Erdogan invited all Turks to attend the rally where he said "only our flag and the Palestine flag will wave". Erdogan, Turkey's longest-serving leader, and his Islamist-rooted AK Party have eroded support for the Western-facing ideals of Ataturk, who is revered by most Turks.

Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Erdogan, Israel, Sinan Ulgen, Ulgen, ATATURK, Mustafa Kemal Ataturk, Turkey's, Ataturk, Asli Aydintasbas, Gumrukcu, Jonathan Spicer, Helen Popper Our Organizations: AK Party, Turkish, REUTERS, Hamas, Gaza, Hamas's, Jerusalem, NATO, European Union, Centre for Economic, Foreign Policy Studies, Brookings, Thomson Locations: Ankara, Turkey, Handout, Israel Turkey, ISTANBUL, Israel, Istanbul, Italy, Turkish, Palestine, Washington

☆ Key takeaways from the IMF/World Bank meetings
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +5 min

Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling. There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil.

Persons: Ajay Banga, Mercy Tembon, Finance Serhiy Marchenko, Ceda Ogada, Kristalina Georgieva, Pierre, Olivier Gourinchas, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen, Kate Donald, Ahmed El Jechtimi, Andrea Shalal, David Lawder, Leika Kihara, Elisa Martinuzzi, Rachel Savage, Jorgelina, Rosario, Balazs Koranyi, Mark John, Christina Fincher Organizations: Bank, Finance, International Monetary Fund, Emerging, Research, HSBC, Reuters, Export, Import Bank of, World Bank, Oxfam International's Washington DC Office, Thomson Locations: Ukraine, MARRAKECH, Morocco, Moroccan, Marrakech, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China, Brazil, U.S

☆ Key takeaways from the IMF-World Bank meetings
▼ + stars: | 2023-10-14 | by ( ) www.cnbc.com time to read: +4 min

U.S. Secretary of Treasury Janet Yellen arrives for a bilateral meeting on the third day of the International Monetary Fund and World Bank annual meeting, in Marrakech, Morocco, October 11, 2023. Susana Vera | ReutersOvershadowed by fresh Middle East violence and hosted by a country still recovering from an earthquake, the week-long annual meetings of the International Monetary Fund and World Bank wrapped up on Saturday. Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer-term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France.

Persons: Janet Yellen, Susana Vera, Pierre, Olivier Gourinchas, Italy —, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen Organizations: International Monetary Fund, Bank, Reuters, Emerging, Research, HSBC, Export, Import Bank of Locations: Marrakech, Morocco, Moroccan, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China

☆ 'Investors are attracted to the fairly high yield' in Latin America, economist says
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Investors are attracted to the fairly high yield' in Latin America, economist saysMurat Ulgen, global head of emerging markets research at HSBC, discusses emerging market sentiment and how Latin America is attractive to investors right now.

Persons: Murat Ulgen Organizations: HSBC Locations: Latin America, America

In remarks ahead of their talks, Putin told Erdogan that Russia is “open to negotiations” on the grain deal. Shifting power balanceErdogan and Putin last met face-to-face in October on the sidelines of an Asia summit in the Kazakh capital Astana. Ahead of his re-election, Erdogan hailed his “special” relationship with Putin as Western states pressured Ankara to join sanctions against Moscow. “(Erdogan) has not really gotten in the direction of trying to please Putin,” Ulgen told CNN. The reconfigured power balance between the two leaders could yet yield positive results with the efforts to revive the Black Sea grain deal, experts say.

Persons: Recep Tayyip Erdogan, Vladimir Putin, Putin, Erdogan, Monday’s, ” Putin, ”, Sinan Ulgen, Kemal Kilicdaroglu, “, ” Erdogan, CNN’s Becky Anderson, Asli Aydintasbas, ” Aydintasbas, ” Ulgen, Volodymyr Zelensky, Ulgen, Turkey’s, “ Putin, ” “ Erdogan Organizations: CNN, TASS, Astana, Atlantic Treaty Organization, NATO, Brookings Institution, “ Locations: Russia’s, Sochi, Moscow, Black, Russia, Turkey, Qatar, Russian, Turkish, Asia, Kazakh, Ukraine, Ankara, Istanbul, Washington , DC, United States, ”, Finland, Sweden, East

☆ Turkey eyes recalibration with the West as Russia’s isolation grows
▼ + stars: | 2023-07-12 | by ( Zeena Saifi | ) edition.cnn.com time to read: +6 min

His delicate balancing act has given Turkey a unique position of being the only NATO nation whose ear Russia has. “By backing Sweden’s NATO bid…Ankara is signaling a recalibration in ties with the West, which have been strained for a while now,” said Memet Celik, editorial coordinator for the pro-government Daily Sabah newspaper. “In a larger sense, Russia’s unjustified war against Ukraine reminded the West of the importance of geography, hard military power, and alliance commitments – and thus the value of Turkey,” he said. Turkey, however, is likely to continue to be relevant to both Russia and the West. “Due to proximity, power, and relations with both Kyiv and Moscow, Turkey will be a key player in conflict resolution and whatever peace deal ultimately emerges,” said Outzen.

Persons: CNN —, Recep Tayyip Erdogan, Erdogan, ”, Memet Celik, Joe Biden, Washington, Biden, Tuesday’s, ” Erdogan, Rich Outzen, –, “, ” Viktor Bondarev, Volodymyr Zelensky, Russia’s ‘, Yevgeny Prigozhin, Wagner, Putin’s, Outzen, Russia’s “, Ukraine ”, Sinan Ulgen, Erdogan’s, Russia aren’t Organizations: CNN, Nordic, European Union, NATO, …, Daily, West, White House, Atlantic Council, Ukraine, “, Ankara, Russia’s Federation, Committee, Defense, Security, Putin, Kyiv Locations: NATO, Russia, Moscow, Ukraine, Turkey, Turkish, … Ankara, Daily Sabah, Vilnius, Lithuania, Ankara, “, “ Ankara, Istanbul, “ Turkey, Celik

☆ Turkey’s President Amassed Power. He Could Still Lose This Election.
▼ + stars: | 2023-05-12 | by ( Ben Hubbard | ) www.nytimes.com time to read: +1 min

ISTANBUL, Turkey — As President Recep Tayyip Erdogan of Turkey approaches the toughest election of his career on Sunday, he has marshaled many of the resources of the state to tilt the playing field to his advantage. His challenger barely appears on the state broadcaster while Mr. Erdogan’s speeches are aired in full. And this weekend’s vote will be overseen by an election board that, during recent votes, has made questionable calls that benefited the president. And yet, Mr. Erdogan could still lose. But Mr. Erdogan’s grip on the country could also contribute to his undoing, if voters drop him because of his strongman ways and persistently high inflation that has left Turks feeling poorer.

☆ Turkey general election 2023 guide: what you need to know
▼ + stars: | 2023-05-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

And even if Kilicdaroglu wins the election, some analysts say Erdogan may not hand over power to his successor without a struggle. Here’s what you need to know about the vote that could become a pivotal moment in Turkey’s modern history:How Turkey’s elections workTurkey holds elections every five years. Parliamentary elections take place at the same time as the presidential elections. Four candidates are running for this year’s presidential election. CHP Istanbul mayor candidate Ekrem Imamoglu then went on to win the election re-run, dealing a blow to Erdogan.

☆ Emerging market investors turn increasingly bullish for Q2 -HSBC survey
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 23 (Reuters) - Nearly half of emerging market investors are bullish on prospects for developing markets in the second quarter, a survey by HSBC showed on Thursday, thanks to rising optimism following the reopening of the Chinese economy. More than two thirds of the respondents expected emerging currencies to beat those of developed markets in the same period. "Asia has seen the largest improvement in sentiment, largely reflecting the expectations of a strong rebound of Chinese economic activity," said Murat Ulgen, Global Head of Emerging Markets Research at HSBC. The overall tally of investors bullish about prospects for emerging market assets rose to 47% from 29% in the previous survey in December. The poll was conducted before the recent financial market turmoil following the sudden failures of two U.S. lenders and an emergency sale of embattled Swiss banking behemoth Credit Suisse (CSGN.S).

☆ A post-Erdogan Turkey could come in from the cold
▼ + stars: | 2023-02-27 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The six-party coalition challenging the ruling AK Party plans to stamp out inflation, which official figures put at 58%. The six-party coalition should probably do this pre-emptively to gain extra economic credibility, though it seems unlikely to do so. These have soared following Putin’s invasion of Ukraine, as some Western goods now go to Russia via Turkey. Nathalie Tocci, a former special adviser to two EU foreign policy supremos, shares this view. But it is not too early to think about how to bring Turkey in from the cold if he loses.

After serving as mayor of Istanbul, he stepped onto the national stage as head of the AK Party, which triumphed in 2002 national elections. Western allies initially saw Erdogan's Turkey as a vibrant mix of Islam and democracy which could be a model for Middle East states struggling to shake off autocracy and stagnation. Faced with a struggling economy, a weak currency and a countdown to this year's election, Erdogan sought rapprochement with rivals across the region. Now he must convince voters he is the leader to rebuild Turkey from the rubble after this month's earthquake. That will be, in all likelihood, to the detriment of the ruling AK Party and President Erdogan," said Sinan Ulgen, director of the Istanbul-based Centre for Economic and Foreign Policy Studies.

☆ Turkey has room for fiscal spending, think tank says
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurkey has room for fiscal spending, think tank saysSinan Ulgen, chairman of the Istanbul based Center for Economics and Foreign Policy, discusses the earthquake in Turkey and the country's economic situation.

[1/2] Turkish President Tayyip Erdogan addresses lawmakers of his AK Party during a meeting in parliament in Ankara, Turkey, January 18, 2023. The main opposition Republican People's Party (CHP) also condemned the incidents in Sweden and said they would serve Erdogan's re-election campaign. But Erdogan said this week that Sweden could no longer expect Turkey's support for its NATO bid, and Ankara cancelled a planned trilateral meeting. Washington, Stockholm and Helsinki had hoped Ankara would ratify the NATO bids before Turkey's election. While Erdogan's government backs the Nordics' NATO bid with conditions, his political opponents had been more supportive - before the Stockholm incidents.

☆ International ETFs are surging to start 2023, but investors should brace for volatility
▼ + stars: | 2023-01-13 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

"'We believe Asian markets are well positioned vs. developed markets as we expect China re-opening to be a key driver, which would benefit even Asia ex China markets," McCarthy wrote. Broadening that out even further, emerging markets in general are a favorite of many investment strategists. But emerging markets can be tricky for investors, and volatile. Another way for investors to play a recovery in emerging markets, with more dispersed currency and political risk, could be sector funds tied to commodities. "I can buy ETFs that have exposure to say BHP, Rio Tinto, Anglo American, Glencore," Sohn said.

Under the law, which took effect this week, companies must share with authorities users' information if they post content constituting crimes, including misleading information. Social media companies are required to appoint Turkish representatives. The law has mainly been criticised for imposing jailtime on social media users and journalists spreading "disinformation", but it also builds on legislation imposed on social media companies in 2020, with much tougher measures. "I think (the law) is like a wish list - they put whatever they can think of in there," Akdeniz said. "There is an attempt to regulate social media platforms that could be a model law for authoritarian regimes."

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