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 ...

Borsa Istanbul has extended the up-tick rule that ... Local investors, who currently dominate the market, have turned to deposits and money market funds with lira deposit rates and interbank ...

ISTANBUL (Reuters) - Turkish stocks were set for their worst week since the aftermath of 2008's Lehman Brothers collapse on Friday as concerns about this week's detention of President Tayyip Erdogan's ...

In the months preceding his arrest, Imamoglu intensified his criticism of Erdogan's administration, which led to several legal challenges against him.

Imamoglu was detained following a raid on his residence earlier this week, sparking the largest wave of street demonstrations in Turkiye in more than a decade.