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Overseas Money Stays Wary of Turkey After Erdogan Win

Overseas money managers, wary of Turkish assets for months, reckon Sunday's clear win for Tayyip Erdogan will tempt foreign investment back only when he clarifies election pledges to take a tighter personal grip on economic and monetary policy. Erdogan emerged victorious from his biggest electoral challenge in 15 years, giving him the sweeping executive powers he has long sought and extending his grip on Turkey until at least 2023. But Turkey's large current account deficit,...

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