Turkish Prime Minister Ahmet Davutoglu named a respected former finance minister and banker to run the economy offering some reassurance to investors
Turkish Finance Minister Mehmet Simsek also said Turkey faces an unwelcome trend in inflation
The lira slipped after the deputy prime minister's job was handed to a close ally of President Tayyip Erdogan
Senior officials had told Reuters before the election that key economic ministers would be retained at least until a national election next June if Erdogan won
The negative impact on the Turkish economy of developments in Iraq will be compensated for by recovery in Europe
Turkey’s budget shows a $1.6bn deficit last month, down from a$2.15bn in October last year
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