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China trade surplus narrows in 2011 China's 2011 trade surplus shrank slightly to $160 billion last year, Chinese Commerce Minister Chen Deming said on Thursday, giving grist to Beijing's vows to boost imports and balance the nation's trade.
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Carlyle buys stake in Turkish school operator... Private equity firm Carlyle Group said on Wednesday it had acquired a 48 percent stake in Turkish private education provider Bahçeşehir Koleji.
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Spring is over, now they are running to Turkey After the Arab Spring, Turkish firms are taking on a leading role in the region’s new restructuring. While businessmen traffic with North Africa increases, Western firms have been pushed to the background.
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Two billion liras additional support to Van Prime Minister Erdoğan delivered good news to those in Van as the government has allocated an additional two billion dollars in aid for the earthquake-struck region. Erdoğan also criticized those wrapped up in speculation, “I am now like Diogenes, walking the streets with a gas lamp in my hand seeking an honest man, however unfortunately there is no one.”
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Ecuador court upholds $18 billion ruling against... An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health.
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We respect the headscarf and we apologize After surfacing to the agenda in a headscarf crisis last week, Borusan Holding CEO Agah Uğur has now issued an apology.
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Exports set a historical record Turkey has broken the record in exports set in 2008 at 132 billion dollars, just three years later with 134.6 billion dollars in exports for 2011. Market diversification was an effective factor in the 18% increase annually on exports. Fifteen provinces have surpassed the billion dollar barrage.
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"We are moving Davos to Istanbul and we would like... While paying a visit to Prime Minister Erdoğan, Coca Cola CEO Muhtar Kent also offered a surprise invitation to Davos. Kent told Erdoğan, “We are moving Davos to Istanbul this year and we want to see you amongst us.”
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Turkish lira firms after central bank action The Turkish lira firmed against the dollar after the central bank intervened directly in the forex market on Monday, a day after the bank sold around $3 billion in direct intervention and a forex-selling auction.
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Turkey’s ‘chemistry’ is changing After making a mark in December, investments in the chemical industry in Turkey appear to be extending into the New Year. After investments announced by both Dow and Aditya, another mega firm, the USA’s Huntsman has purchased EMA Kimya.
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GM recalls 4,873 Sonic cars in U.S. and Canada General Motors Co is recalling 4,873 of its current year Chevrolet Sonic subcompact cars in the United States and Canada for possible missing front brake pads, the company and federal safety regulators said on Friday.
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Seventy-five percent of us are spending New Year’s... According to MasterCard's MasterIndex research, 75% of the Turkish public will be spending New Year’s Eve at home. Four percent of Turks however will be ushering the New Year from out of town.
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Toll rate increase for bridges and highways Toll rates for bridges and highways will incur a hike as of New Year’s Eve.
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A new chairman for the Istanbul Stock Exchange The government has sent a decree for the appointment of the new chairman of the Istanbul Stock Exchange to the Çankaya Palace.
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