Tusiad Business Group Calls on Turkey’s Gov’t to Reform

ISTANBUL, Nov 2 (Reuters) Turkey’s largest business group Tusiad said on Monday the ruling AK Party should quickly implement political reforms after it won a strong parliamentary majority in an election on Sunday. The government should also strengthen the European Union accession process, expand freedoms and democracy and end social polarization, Tusiad said in an

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Ratings On Saudi Arabia Lowered To ‘A+/A-1’; Outlook Remains Negative

By staff reporter Standard and Poor’s Ratings Services lowered its unsolicited long-and short-term foreign- and local-currency sovereign credit ratings on the Kingdom of Saudi Arabia to ‘A+/A-1’ from ‘AA-/A-1+’. The outlook remains negative. In a report issued late Friday, S&P also revised its transfer and convertibility (T & C) assessment on Saudi Arabia to ‘AA-‘from

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