News

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03 Mar 2023

China's service sector activity grew in February

Daily News

China’s services sector grew strongly in February, driven by demand recovery following the lifting of COVID-19 measures. The services sector purchasing managers’ ...

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03 Mar 2023

Fed/Bostic: Fed could end rate hikes in summer

Daily News

Atlanta Fed President Raphael Bostic said the Fed could halt its rate hikes in the second half of the summer. Speaking to reporters, Bostic said he expects the ec...

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03 Mar 2023

Asian stock markets rise

Daily News

Asian stocks rose as surveys showed a sharp recovery in Chinese services. Asia-Pacific stocks rose on Friday after Wall Street gained overnight after Atlanta Fed ...

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03 Mar 2023

Regulation on SCT base for electric cars

Daily News

The regulation on the Special Consumption Tax base for electric vehicles was published in the Official Gazette. According to the decision published in the Officia...

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03 Mar 2023

The decision to establish a research commission on earthquakes was published in the Official Gazette

Daily News

The TBMM decision regarding the establishment of the Parliamentary Investigation Commission regarding the earthquakes centered in Kahramanmaraş was published in t...

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02 Mar 2023

338.5 million liras of "capacity" support for power plants

Daily News

Turkish Electricity Transmission Inc. (TEİAŞ) will make capacity payments of approximately 338.5 million liras to 44 electricity generation plants for December 20...

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02 Mar 2023

February record for automotive sales

Daily News

According to the data of the Automotive Distributors and Mobility Association (ODMD), light commercial and automobile sales were realized as 81 thousand 148 units...

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02 Mar 2023

China warns bankers of 'hedonistic' lifestyle

Daily News

In China, the relevant regulatory agency has asked bankers to “put aside their hedonistic lifestyle” and “stop copying Western styles.” The latest in a series of ...

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02 Mar 2023

Fed's Kashkari: Open to rate hikes of 25 or 50 basis points

Daily News

Minneapolis Fed President Neel Kashkari said the Fed is open to raising interest rates by 25 or 50 basis points at its next meeting. Minneapolis Fed President Nee...

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02 Mar 2023

Fed Chair Powell to Speak to Senate and House of Representatives

Daily News

Fed Chair Jerome Powell will present to the House Financial Services Committee. Fed Chair Jerome Powell will present to the Senate Banking Committee on Tuesday, M...

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02 Mar 2023

Asian stock markets fall

Daily News

Asia-Pacific stocks traded lower as Fed officials reiterated that more rate hikes are needed to control inflation, with investors bracing for more hikes ahead. Mi...

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02 Mar 2023

The history of Tofaş, which acquired Stellantis Turkey, from 1968 to the present

Daily News

Turkish automotive giant Tofaş announced that it has signed a Framework Agreement to acquire all rights of Stellantis Turkey. We have compiled the development of ...

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01 Mar 2023

New chip manufacturing facility from Japan

Daily News

Japanese semiconductor chip consortium Rapidus announced that it will establish a chip manufacturing facility in the northernmost Hokkaido region of the country w...

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01 Mar 2023

Moody's Türkiye raises growth forecast

Daily News

The international credit rating agency Moody's has raised its growth forecasts for many G20 economies, including Turkey. Moody's raised its growth forecast for th...

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01 Mar 2023

Asian stock markets rise on data from China

Daily News

Asia-Pacific stocks were mostly higher as investors assessed a range of key economic data in the region. China’s National Bureau of Statistics reported that its m...

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01 Mar 2023

Strong recovery in China's manufacturing indicator

Daily News

Manufacturing activity in China posted its fastest monthly growth in 11 years in February as factories reopened following the Lunar New Year holiday. The manufact...

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01 Mar 2023

Japan approves 114.3 trillion yen draft budget for fiscal 2023

Daily News

Japan’s House of Representatives has approved a draft budget for the 2023 fiscal year worth 114.3 trillion yen (about $840 billion). The new fiscal year draft bud...

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01 Mar 2023

Companies that get chip incentives in the US will have to share excess profits

Daily News

In the US, President Joe Biden's administration is requiring chip companies that receive incentives from the program, which also includes $52.7 billion in support...

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01 Mar 2023

Death toll from earthquakes rises to 45,089

Daily News

The Disaster and Emergency Management Presidency (AFAD) reported that 45,089 people lost their lives in the earthquakes centered in Kahramanmaraş on February 6. A...

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01 Mar 2023

Eni buys two major gas fields from BP in Algeria

Daily News

Italian energy company Eni has announced that the closing of the acquisition of BP’s gas fields in Algeria “In Amenas” and “In Salah” has been completed. Italian ...

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01 Mar 2023

Discount on maximum price limit in the day-ahead market for electricity

Daily News

The Energy Market Regulatory Authority (EPDK) has made changes regarding minimum and maximum price limits in the day-ahead and balancing power markets. According ...

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