Tugce Ozsoy

(Bloomberg) -- Any lingering concern among global investors that Turkey may go back on its commitment to pursue orthodox policies seemed to have been scotched by Thursday's interest-rate hike.

(Bloomberg) -- Foreign investors have been cutting down their bets against Turkish stocks, with short positions on an exchange-traded fund declining.

(Bloomberg) -- Turkey's lira weakened after President Recep Tayyip Erdogan's ruling party suffered a shock defeat at local elections on Sunday, with

(Bloomberg) -- Turkey’s lira weakened after President Recep Tayyip Erdogan’s ruling party suffered a shock defeat at local elections on Sunday, with control of many of Turkey’s cities, including Istanbul and Ankara, going to the opposition. Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldChina Factory Activity Expands for First Time in Six MonthsAT&T Says Data From 73 Million Accounts Leaked on Dark

(Bloomberg) -- Construction firms fell sharply in Istanbul on Monday after Turkey's ruling party suffered an unprecedented defeat in municipal elections, making it less likely for government-backed mega projects to materialize.

(Bloomberg) -- The lira appreciated, government bonds gained and the costs to insure Turkish debt against default fell after President Recep Tayyip Erdogan signaled support for status-quo economic policy.

Turkish commercial real estate developer Ronesans Gayrimenkul will sell shares in an initial public offering, the biggest in Istanbul so far this year.

Turkey further eased regulations forcing banks to buy government bonds and reduced a security maintenance ratio again in its latest steps to end punitive measures on lenders.

Istanbul-based football club Fenerbahce withdrew from the Turkish Super Cup match on Sunday after conceding a goal within the first minute, giving its historical cross-city rival Galatasaray an easy win after a bizarre series of events in a season sullied by controversy.

Sees reduced risk of policy U-turn by Erdogan's government Turkish stocks make up almost 7% of fund's portfolio