BGC Partners

The Turkish economy grew a stronger-than-expected 4 percent in 2015, with robust growth at 5.7 percent in the last quarter, mainly due to a rise in consumption and public spending, according to official data released on March 31. 

Turkish consumer confidence fell to its lowest in more than six years in August, official data showed on Aug. 21, bruised by political uncertainty, mounting militant violence in the southeast and the Turkish Lira's tumble to a record low.

Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some - like building self-driving cars and researching ways to prolong human life - that are known more for their ambition than for turning an immediate profit.

Turkey's embattled lira on April 15 tumbled to a new low in value against the dollar.
      
The lira broke above the psychologically important level of 2.7 to the dollar to trade at 2.703 to one dollar, a loss in value of 0.57 percent on the day.
      

Turkey?s Central Bank left interest rates on hold on March 17 as the lira?s slide to record lows risked stoking inflation, resisting pressure from political circles to cut rates ahead of a June election.

The Turkish Central Bank said on March 9 it was cutting its one-week forex deposit interest rates, triggering gains in the lira after a week of sharp declines driven partly by worries over political pressure on the bank.