Turkey felt the aftershock Friday of its decision to abandon a currency peg as the lira fell further, its credit was downgraded and old economic targets were torn up. The lira was showing an ...

Two years of hard work to build international investor confidence in Turkey's economic turnaround story has been dealt a major setback by a long-feared detention of President Tayyip Erdogan's main ...

The Fund lent support to Turkey and sent its Turkey desk chief to Ankara to discuss changes in macroeconomic policies, but credit agencies Moody's and Fitch downgraded the country's debt ratings.