20956
Turkey C/A  Gap Widens
World Economy

Turkey C/A Gap Widens

Turkey’s current-account deficit widened to $3.99 billion in May from $3.65 billion in the same month last year, as imports rose faster than exports, the Turkish central bank said Friday, Dow Jones reported. The deficit was slightly above a forecast of $3.64 billion gap in a survey conducted by The Wall Street Journal. The country’s annualized current-account gap widened to $44.6 billion in May, or to about 5.6% of gross domestic product, from $44.3 billion in April. Turkey’s deficit in the January-May period shrank to $18.5 billion from $20.4 billion in the same period of 2014, the balance of payments data showed. Following the central bank data, the lira slightly moved to trade at TRY2.6666 against the dollar, compared with TRY2.6672 before the data. The yield on two-year government bonds was steady at 9.61%. Turkey’s BIST-100 index was up 0.7%.

 

Short URL : http://goo.gl/nUaPz6

You can also read ...

There were rallies on Wall Street overnight due to US President Donald Trump’s comments.
Asian indexes put in mixed performances on Wednesday following...
Google and Walmart are set to start a partnership through which thousands of Walmart products are offered through the Google Home voice-controlled speaker.
Lowe’s Inc the number-two US home improvement retailer,...
Chinese Foreign Ministry spokeswoman Hua Chunying
China on Wednesday urged the US to withdraw new sanctions it...
Identity Fraud Soars to New Highs in UK
Cifas, the UK’s leading fraud prevention service, has released...
China Court Awards US Co. $1.5m in Court Case
A Chinese court has ordered three domestic shoemakers to pay...
Italian 10-year yields climbed 6 basis points to  a 3-1/2-week high at 2.17%
Eurozone bond yields rose on Wednesday, with Italian yields...
Toshiba, Western Digital Start Talks on Memory Sale
Toshiba has begun negotiations with business partner Western...
Blackstone Explores $7b IPO of Gates Global
Private equity firm Blackstone Group LP is exploring an...

Trending

Googleplus