News

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10 Jan 2023

The scope of KKM application to companies has been extended

Daily News

The KKM application for foreign currency accounts of companies has been extended to cover 2022. The exchange rate protected deposit application (KKM) for foreign ...

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10 Jan 2023

KKDF deduction rate for leasing companies' foreign loans has been reduced to zero

Daily News

The resource utilization support fund (KKDF) deduction rate for loans provided by financial leasing companies from abroad has been reduced to zero. According to t...

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10 Jan 2023

Kiler's 905 million TL Sapphire move

Daily News

Kiler Real Estate Investment and KBC Food have reached an agreement to purchase the entirety of İstanbul Sapphire, owned by Halkbank, for TL 905 million. Kiler Ho...

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10 Jan 2023

Qatar has 3 major English clubs on its radar

Daily News

The Qatar Fund, which recently decided to invest in the Premier League, has Manchester United, Liverpool and Tottenham on its radar. After hosting the world’s mos...

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09 Jan 2023

Musk to increase Twitter character count to 4,000 in February

Daily News

Elon Musk announced that the character count on Twitter will increase from 280 to 4,000 in February. Musk also announced on his social media account that underlin...

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09 Jan 2023

$1.8 billion purchase from AstraZeneca

Daily News

AstraZeneca announced that it has reached an agreement to acquire US biotech CinCor Pharma for $1.8 billion. AstraZeneca Plc announced that it will acquire US bio...

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09 Jan 2023

Elitaş: The cost of additional raise for retirees and civil servants is 260 billion TL

Daily News

AK Party Group Deputy Chairman Mustafa Elitaş said that the annual cost of welfare share increases to be made in pensions and civil servants is 260 billion TL. Ma...

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09 Jan 2023

Eurozone investor confidence recovers

Daily News

Investor confidence in the Eurozone improved for the third month. However, it remained in negative territory due to difficult economic conditions. Sentix investor...

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09 Jan 2023

Eurozone unemployment remains stable in November

Daily News

The unemployment rate in the Eurozone was set at 6.5 percent in November. The European Statistical Office (Eurostat) published the unemployment data for the Europ...

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09 Jan 2023

Swiss National Bank to record losses in 2022

Daily News

The Swiss National Bank (SNB) announced a loss of 132 billion Swiss francs ($143 billion) last year amid high volatility in capital markets. This was the SNB’s la...

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09 Jan 2023

German industrial production falls short of expectations in November

Daily News

Despite high energy prices and slowing global demand, German industrial companies increased production by 0.2 percent in November. Expectations were for a 0.3 per...

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09 Jan 2023

Erdogan: Defense exports reached $4.4 billion last year

Daily News

Speaking at the New Generation Storm Howitzer Delivery Ceremony at the BMC Plant of the Arifiye Campus of the Ministry of National Defense in Sakarya, President E...

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09 Jan 2023

EU to provide 500 million euros in aid to Pakistan

Daily News

European Union (EU) Commission President Ursula von der Leyen announced that they will provide 500 million euros of aid to Pakistan, which experienced floods last...

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06 Jan 2023

Real estate move from China

Daily News

China is preparing to relax strict rules on real estate developers’ access to credit. According to sources who spoke to Bloomberg, the Beijing government plans to...

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06 Jan 2023

ArcelorMittal reduces its stake in Erdemir

Daily News

The world’s largest steelmaker, ArcelorMittal, has sold 2 percent of its shares in Ereğli Iron and Steel Factories (Erdemir). The world’s largest steelmaker, Arce...

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06 Jan 2023

Computers, tablets and smart watches have also been added to the TRT e-Bandrol scope

Daily News

In addition to mobile phones, vehicles and televisions imported for commercial purposes and manufactured domestically, computers, tablets and smart watches have a...

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06 Jan 2023

The maturity limit for mobile phone loans has been increased

Daily News

The maturity limit for consumer loans for the purchase of mobile phones has been increased from 5,000 Turkish Lira to 12,000 Turkish Lira The Banking Regulation a...

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06 Jan 2023

China's central bank is withdrawing liquidity from the market

Daily News

The People's Bank of China has begun to withdraw the liquidity it provided to the market to meet the increasing cash demand towards the end of the year. The Peopl...

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06 Jan 2023

Fed's Bullard: Risk of US economy entering recession has diminished in recent weeks

Daily News

St. Louis Fed President James Bullard said the risk of the US economy entering a recession has diminished in recent weeks and that he believes inflation will decl...

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06 Jan 2023

Chip hit to Samsung's profits

Daily News

Samsung's quarterly profit fell to its lowest level in 8 years due to falling memory chip prices and decreasing demand for electronic devices. Samsung's balance s...

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06 Jan 2023

Crisis Grows in US House of Representatives Presidential Election

Daily News

In the 11th round of voting in the lower house of the US Congress, the House of Representatives, no speaker could be elected. Following the midterm elections on N...

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