Crackdown or capital grab? Turkey state fund controls 1,000 businesses
Anti-corruption drive transfers hundreds of companies to a deposit guarantee fund in the past year
Anti-corruption drive transfers hundreds of companies to a deposit guarantee fund in the past year

Plus, bumper earnings for Wall Street banks and how a chipmaker got seized by the Dutch government

The costs of inaction are stark, but prevention is a bargain

Tensions over regulation add to geopolitical upheaval, dashing hopes of more certainty

Backers of business development companies are now trying to right a perceived wrong

Events in Ukraine and Bulgaria show how easily such bodies can become politicised

Stocks rally more than 3% as investors hope ruling will ease political tension in country