All the day’s economy and financial news, as Ankara hikes the tariffs on US rice, spirits and cars * Turkey hits US with new tariffs * Rice, spirits and cars all hit * Turkey: We’re responding to US attacks * Lira rallies, as Turkish regulators tighten swap rules 2.28pm BST A COURT IN ISTANBUL HAS DECIDED TO RELEASE THE HONORARY CHAIR OF AMNESTY INTERNATIONAL TURKEY, TANER KILIC AFTER MORE THAN FOURTEEN MONTHS BEHIND BARS. Kilic had been detained in June 2017 and charged with membership of a terrorist organisation, which he denies. Turkish court rules to release local @amnesty chair #TanerKilic who was jailed for over a year on terror charges. Earlier, another court had released two Greek soldiers charged of espionage. Interesting coincidence of timing when still no word on release of US pastor Brunson Beneath the smiles of joy and relief there will be sorrow, anger and a steely determination. Sorrow for all the things Taner has missed during his cruel incarceration. Anger that the baseless charges against him and the Istanbul 10 have not been dropped. And determination to continue our fight for human rights in Turkey and for the release of all those human rights defenders, journalists and others who have been unjustly jailed in the vicious crackdown. 1.46pm BST ARTJOM HATSATURJANTS, research analyst at ACCENDO MARKETS, says investors are nervous over the “geopolitical back-and-forth between US and Turkey”. Neither side appears ready to back down over recent confrontation that sent the Turkish lira to new lows and raised a spectre of FX contagion across Europe. Continue reading...
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