Thursday 28 September 2017

Watch These Turkish Stocks Exposed to Iraq - Bloomberg

Watch These Turkish Stocks Exposed to Iraq - Bloomberg:

"From construction to food stocks, political tension following a referendum by Iraqi Kurds on independence is bringing Turkish companies with business ties to the country into focus. Monday’s vote drew tough talk from neighbors including Turkey, whose President Recep Tayyip Erdogan threatened to curb Kurdish oil exports and warned that supplies of food and clothing could be disrupted. Iran called the poll “illegal and illegitimate,” closing its borders with the region at the request of Iraq. The Iraqi parliament in Baghdad approved draft legislation ordering the closure of borders with Kurdistan, while the U.S. expressed “deep disappointment,” saying the plebiscite will increase instability and hardship."



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