News

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16 Nov 2022

US brakes on gold

Daily News

Gold fell after US President Biden made statements limiting the risk of rising geopolitical tensions following the missiles that hit Poland. Gold fell in response...

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15 Nov 2022

Nomura: Dollar rally may end

Daily News

According to Nomura strategists, the dollar rally may be over as the slowdown in US inflation and China’s economic measures support riskier assets. Institutions s...

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15 Nov 2022

Expectation of interest rate path in gold

Daily News

Gold traded sideways as investors assessed what comments from Fed officials meant for the interest rate hike path that directly affects the price of the precious ...

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15 Nov 2022

Producer inflation in agriculture breaks record

Daily News

The agricultural products producer price index (Agriculture-PPI) increased by 163.3 percent annually, and 4.59 percent monthly. Turkish Statistical Institute (Tur...

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15 Nov 2022

Oil demand concerns

Daily News

Oil prices were weighed down by concerns about tight supply on the demand side. Oil extended losses as concerns about the short-term demand outlook overshadowed s...

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15 Nov 2022

Competition Authority launches investigation into Ferrero

Daily News

The Competition Authority found the findings that Ferrero and its subsidiaries violated the Law on the Protection of Competition in the hazelnut market at the sta...

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15 Nov 2022

Tesla shareholder files $56 billion lawsuit against Musk

Daily News

Tesla shareholder Richard Tornetta has filed a lawsuit against Tesla CEO Elon Musk to return the $56 billion worth of stock he was given because he was a part-tim...

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14 Nov 2022

China's housing market rescue plan

Daily News

The Chinese government has reportedly prepared a 16-item rescue plan to resolve the problems in the housing market, which has recently been closely followed by gl...

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14 Nov 2022

Taiwan to be main agenda item in Biden-Xi's first face-to-face meeting

Daily News

G-20 leaders will meet in Bali, Indonesia on November 15-16. US President Joe Biden and Chinese President Xi Jinping are scheduled to meet before the summit begin...

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14 Nov 2022

Hawkish Fed pressure on gold

Daily News

Gold gained value last week after US inflation came in below expectations, but it fell on Fed Governor Christopher Waller’s hawkish comments on interest rates. Go...

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14 Nov 2022

Meta shifts investments from hardware to voice recognition technologies

Daily News

The same week that Meta founder Mark Zuckerberg purchased the artificial intelligence-based voice recognition technology company Audio Analytic in order to incorp...

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14 Nov 2022

IMF warns: Economic outlook will get worse

Daily News

The International Monetary Fund (IMF) said that outlook for the world economy is more pessimistic than it had forecast last month. “There are too many challenges ...

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14 Nov 2022

Global Ports signs contract for Canada’s Prince Rupert port

Daily News

Global Ports announced that it has signed a concession agreement for the operation of the cruise operations of the Port of Prince Rupert in Canada for a period of...

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14 Nov 2022

Goldman Sachs optimistic forecast on US inflation

Daily News

According to Goldman economists, inflation will ease significantly in 2023 due to the decrease in supply chain problems and the slowdown in wage increases. The in...

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11 Nov 2022

Relaxation of epidemic measures in China

Daily News

China has announced new guidelines that signal a relaxation of some parts of its zero-Covid policy, which has caused serious economic and social problems and isol...

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11 Nov 2022

Minister Bilgin's statement on minimum wage

Daily News

Minister Bilgin, in his speech at the Planning and Budget Commission in the Turkish Grand National Assembly, reminded that last year, when the deputies asked for ...

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11 Nov 2022

Turnover continued to recover in September

Daily News

According to TurkStat data, the turnover index in the total of industry, construction, commerce and services sectors increased by 134.1 percent annually in Septem...

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11 Nov 2022

UK economy on brink of recession

Daily News

The UK economy shrank by 0.2 percent between July and September as rising prices hit households and businesses hard. This could be the start of a prolonged recess...

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11 Nov 2022

Australia to ask China to lift trade barriers

Daily News

Australian Prime Minister Anthony Albanese said he will ask Chinese President Xi Jinping to lift trade barriers. Albanese and Xi are due to attend the G20 Summit ...

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10 Nov 2022

What you need to know before the most critical US inflation of the year

Daily News

All attention in global markets has turned to US inflation data. It is anticipated that the upward momentum in service sector prices will continue in inflation. E...

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10 Nov 2022

Additional tax on packaging cardboard imports to some countries

Daily News

An additional tax of 25 percent has been imposed on imports of cardboard qualified as food packaging for certain country groups, while the additional tax on impor...

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