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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessTurkey's Tourism Season Hits a Snag, HalkBank Tries to Get US Case Thrown Out
LOCAL NEWS
- Russia officially halts flights to Turkey until 1 June, claiming the reason is not due to communications or possible drone sales to Ukraine, but because of the escalating Covid situation.
- Follows the US & Germany banning flights in what is set to severely hurt Turkey's tourism industry this year
- State lender, Halkbank, told a U.S. appeals court on Monday that it was immune from U.S. prosecution and that an indictment accusing it of helping Iran evade American sanctions should be thrown out.
- However, US prosecutor Kamaraju highlighted that act applies only to civil cases, urging the appeals court to reject what he called a "dramatic extension" of sovereign immunity. Ruling date has yet to be confirmed
- HealthMin says Turkey is approaching a new peak in infections. Notes 85% of new infections are due to the UK variant, but sees no dramatic increase in bed occupancy rate (59%), ICU occupancy (67.4%), but notes the data is cautionary
- Yesterday, Canadian govt cancelled 30 permits for export of military goods to Turkey after an investigation revealed Canadian components were diverted for use in the Nagorno Karabakh war between Azerbaijan and Armenia
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.