Earthquake: 40,000 Killed; Turkey Stock Market Set to Reopen
Posted: Wed Feb 15, 2023 7:49 pm
Earthquake: 40,000 Killed; Turkey Stock Market Set to Reopen
https://www.bnnbloomberg.ca/quake-lates ... -1.1884007
(Bloomberg) --
Turkey’s stock market surged on Wednesday as trading resumed following last week’s suspension due to the earthquakes.
The death toll in Turkey and neighboring Syria surpassed 40,000.
Turkish banks will allocate 50 billion liras ($2.7 billion) from their 2022 income to help the relief effort, President Recep Tayyip Erdogan said. That will add to the government’s pledge of an initial 100 billion liras, with the amount expected to increase.
Key Developments:
Turkey Stocks Surge Almost 10% as State Underwrites Reopening
Turkey Primes Fiscal Pump, With Quakes Shaping Up as Budget Test
Turkey Arrests 20 Over ‘Provocative’ Social Media Posts on Quake
Turkey Injects Billions of Liras to Prop Up Stocks Before Open
Turkey Wealth Fund to Support Equities With New Mechanism
Why Turkey’s Next Election Is a Real Test for Erdogan: QuickTake
https://www.bnnbloomberg.ca/quake-lates ... -1.1884007
(Bloomberg) --
Turkey’s stock market surged on Wednesday as trading resumed following last week’s suspension due to the earthquakes.
The death toll in Turkey and neighboring Syria surpassed 40,000.
Turkish banks will allocate 50 billion liras ($2.7 billion) from their 2022 income to help the relief effort, President Recep Tayyip Erdogan said. That will add to the government’s pledge of an initial 100 billion liras, with the amount expected to increase.
Key Developments:
Turkey Stocks Surge Almost 10% as State Underwrites Reopening
Turkey Primes Fiscal Pump, With Quakes Shaping Up as Budget Test
Turkey Arrests 20 Over ‘Provocative’ Social Media Posts on Quake
Turkey Injects Billions of Liras to Prop Up Stocks Before Open
Turkey Wealth Fund to Support Equities With New Mechanism
Why Turkey’s Next Election Is a Real Test for Erdogan: QuickTake