News

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17 Aug 2023 12:26

ECB's hawkish name sends message of limited additional increase

Daily News

One of the hawkish European Central Bank governors, Latvian central bank governor Martin Kazaks, said any further rate hikes by the ECB would be more limited. Acc...

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17 Aug 2023 12:26

China's Effort to Support the Yuan

Daily News

The People's Bank of China (PBOC) sent an important message through the reference exchange rate level it set to prevent the yuan from depreciating, which is headi...

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16 Aug 2023 10:22

Private sector's foreign credit debt decreased in June

Daily News

According to CBRT data, as of the end of June, the total loan debt of the private sector from abroad decreased by $3.2 billion compared to the end of 2022 and amo...

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16 Aug 2023 10:22

Gold near 7-week low

Daily News

Gold traded near its lowest level since late June as swap investors in the U.S. increased their pricing of a new rate hike to above 50 percent. Gold traded near i...

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16 Aug 2023 10:21

Two banks cut China growth forecast

Daily News

Economists at JPMorgan and Barclays have cut their China growth forecasts amid economic woes stemming from weak domestic demand, falling exports and a weakening r...

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16 Aug 2023 10:20

Rocket Lab to launch climate satellite for NASA

Daily News

The aerospace transportation company Rocket Lab will launch two small satellites for NASA that could help scientists better understand how a warming global climat...

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16 Aug 2023 10:19

New Zealand keeps interest rates steady

Daily News

The Reserve Bank of New Zealand left its policy rate unchanged for the second consecutive meeting, in line with economists’ expectations, at 5.5%. The Reserve Ban...

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15 Aug 2023 09:18

Hedge funds bullish on tech stocks

Daily News

With hedge funds making their second-quarter positions public, fund managers have largely maintained their optimism about technology stocks. According to the half...

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15 Aug 2023 09:17

Argentina-Russia tremors in emerging markets

Daily News

After the devaluation of the Argentine and Russian currencies against the dollar, all eyes turned to emerging markets. The sharp devaluation of the Argentine and ...

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15 Aug 2023 09:17

Growth in Japan exceeds expectations

Daily News

Japan’s economy grew 6 percent in real terms in the April-June period of this year. Japan’s economy grew 6 percent annually in the three months ending in June. Ec...

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15 Aug 2023 09:16

China's Central Bank makes surprise interest rate cut

Daily News

The People’s Bank of China unexpectedly cut interest rates, assessing that the economy needs support. The People’s Bank of China (PBOC) unexpectedly cut policy ra...

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15 Aug 2023 09:15

Pegasus announces second quarter earnings

Daily News

Pegasus announced a net profit of TL 1.9 billion in the second quarter of 2023, above market expectations. Pegasus announced a net profit of TL 1.925 billion in t...

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15 Aug 2023 09:14

UBS to pay $1.4 billion fine in US

Daily News

The US Department of Justice announced that Switzerland-based UBS bank has agreed to pay $1.435 billion to settle a “fraud” case in the sale of residential mortga...

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14 Aug 2023 09:02

Goldman Fed forecast

Daily News

Goldman Sachs economists expect the Fed to make its first rate cut in the second quarter of 2024. The Fed will begin cutting interest rates by the end of June, at...

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14 Aug 2023 09:01

China's auto production and sales fell in July

Daily News

While automobile production and sales in China decreased in July compared to the same period last year, automobile exports increased. According to data from the C...

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14 Aug 2023 09:00

China's imports of major industrial raw materials decreased in July

Daily News

In a new sign of the fragility of China's economic recovery, imports of major industrial raw materials decreased in July. According to data from the General Admin...

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14 Aug 2023 08:59

China's housing crisis deepens

Daily News

China’s economy is showing little sign of recovery, with new stress on the property market and deflation threatening the growth outlook. Official data in China on...

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14 Aug 2023 08:59

Two earthquakes occurred in Malatya

Daily News

Two earthquakes of magnitude 4.8 and 4.40 occurred in the Yeşilyurt district of Malatya at 16:39. According to information on the Disaster and Emergency Managemen...

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11 Aug 2023 09:48

New record in card spending

Daily News

According to the data published by the Central Bank of the Republic of Turkey (TCMB), card spending rose to a record level of 181.6 billion TL in the week of Augu...

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11 Aug 2023 09:47

The Ministry of Trade has decided to ban some surveillance companies from operating

Daily News

The Ministry of Trade has decided to temporarily ban certain international surveillance companies from operating. The "Communiqué on Temporary Ban of Internationa...

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11 Aug 2023 09:47

The second phase of prefabricated houses in Hatay was delivered by Ciner Group

Daily News

The second phase of prefabricated houses constructed by Ciner Group in Hatay has been delivered to the earthquake victims Hatay was the city that suffered the gre...

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