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09 Aug 2024

Kansas City Fed President makes inflation statement

Daily News

Kansas City Fed President Jeff Schmid said he was more confident that inflation would continue toward his 2% target. One of the Fed’s most hawkish policymakers, K...

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09 Aug 2024

Tekfen wins tender in Saudi Arabia

Daily News

Tekfen Construction has won a tender in Saudi Arabia worth approximately $235 million. Tekfen Construction, a subsidiary of Tekfen Holding, has won a tender in Sa...

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08 Aug 2024

Fastest exit in 6 months at KKM

Daily News

Currency-protected deposits experienced the fastest increase in 6 months with 67.7 billion TL in the week when the withholding tax came. While the economy adminis...

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08 Aug 2024

US recession risk rising

Daily News

US recession probabilities revised upwards. While Wall Street banks are taking the blame for the market earthquake, they are also revising US recession probabilit...

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08 Aug 2024

JPMorgan CEO warns of recession

Daily News

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he still sees a recession on the horizon. JPMorgan Chase CEO Jamie Dimon said Wednesday that he stil...

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08 Aug 2024

Oil maintains gains

Daily News

Oil is holding on to gains from this week’s rally as the market awaits Iranian retaliation. Oil has steadied after a week of gains and the market is on edge about...

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08 Aug 2024

Natural gas prices in Europe at year-high

Daily News

Natural gas prices in Europe rose to their highest level this year on news that Ukrainian troops had seized the key Sudzha gas transit point. Europe’s benchmark n...

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08 Aug 2024

Optimistic forecast from the crisis prophet this time

Daily News

Economist Nouriel Roubini, known as the crisis prophet, made a prediction contrary to the market expectation of a recession in the US, which was one of the main r...

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08 Aug 2024

ECB's Rehn: Market turbulence was an overreaction

Daily News

European Central Bank Governing Council Member Olli Rehn has described the recent turbulence in global stock markets as an “overreaction.” European Central Bank G...

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07 Aug 2024

Goldman CEO issues interest rate message

Daily News

“We could see one or two rate cuts from the Fed in the fall,” David Solomon, chief executive of Goldman Sachs, one of Wall Street’s biggest banks, said. David Sol...

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07 Aug 2024

Horizontal trend in oil

Daily News

Oil was flat after recovering from a market slide as investors awaited a retaliatory Iranian attack on Israel. Brent crude traded above $76 a barrel after closing...

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07 Aug 2024

Musk sues group of advertisers

Daily News

Elon Musk's social media platform X has sued a group of advertisers and some major companies for illegally boycotting the platform and causing revenue loss. X CEO...

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07 Aug 2024

BofA's CBRT forecast

Daily News

Bank of America (BofA) Turkey economist Zümrüt İmamoğlu stated that the Central Bank of the Republic of Turkey has room to cut policy rates in December. Sharing h...

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07 Aug 2024

KFC and Pizza Hut sales fall

Daily News

Restaurant chains KFC and Pizza Hut saw their store sales decline in the second quarter of this year. Sales of Kentucky Fried Chicken, also known as KFC, decrease...

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07 Aug 2024

Strong dovish signal from BOJ

Daily News

The Bank of Japan, one of the actors of volatility in financial markets, has reassured markets by giving a dovish signal for the first time after historical volat...

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06 Aug 2024

'Bond king' remains neutral on shock

Daily News

Bill Gross, the famous investor known as the 'bond king', announced that he will neither buy nor sell against the global turmoil. Bill Gross, the famous investor ...

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06 Aug 2024

Yield curve ignites debate on rapid rate cuts

Daily News

The major rally that started in the $27 trillion bond market due to concerns that the US is gradually moving into recession has sparked discussions that the Fed s...

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06 Aug 2024

Oil on the rise

Daily News

Oil is rising from a seven-month low. Oil rose as stocks rebounded and the halt in production at Libya’s biggest field refocused attention on the Middle East. Bre...

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06 Aug 2024

Historic selling pressure in markets

Daily News

Historical selling pressure in markets Global markets faced historical selling pressure on the first trading day of the week due to rapidly strengthening recessio...

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06 Aug 2024

US court rules Google has illegal monopoly

Daily News

federal judge in the US has ruled that Google has an “illegal monopoly” on internet search and search advertising. US federal judge Amit Mehta announced his long-...

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05 Aug 2024

Earthquake in Asian markets: Japan's worst sell-off in 37 years

Daily News

As the sell-off in Asian stocks continues, Japanese stocks suffered their steepest sell-off since 1987. South Korea’s Kosdaq index also recorded a record decline....

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