The Turkish lira fell to a record low against the dollar and the country's benchmark stock index dropped by as much as 7% following the surprise arrest of Istanbul mayor Ekrem Imamoglu — a rival of ...

Turkish assets fell sharply Wednesday, after police detained Istanbul mayor Ekrem Imamoglu, a rival of President Recep Tayyip Erdogan. The lira weakened more than 3% against the dollar. It was on pace ...

Police in Istanbul have seized jewels and antiques worth an estimated $30 million from businesses in the city’s historic Grand Bazaar during an investigation into smuggled diamonds, Turkish media ...

The lira dropped to 14.21 against the US dollar, the lowest level since December 21. Transactions were temporarily halted in the İstanbul stock market. Russia's military incursion into Ukraine hit the ...

Imamoglu, the popular 53-year-old mayor, was seen as the next opposition party candidate for the Turkish presidency and was ...