News

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09 Nov 2023

Sabancı Holding increased its net profit by 58.8% in the third quarter

Daily News

Sabancı Holding achieved a net profit of TL 17 billion 274 million in the third quarter of 2023, 38 percent above market expectations. The holding increased its p...

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08 Nov 2023

Apple postpones iPhone update

Daily News

Apple has decided to delay software updates for iPhones and Macs to review possible glitches. According to Bloomberg, despite the delay, software updates are stil...

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08 Nov 2023

IMF: ECB should keep interest at 4%

Daily News

The European Central Bank should keep interest rates at or near 4% through 2024 to curb inflation, the International Monetary Fund said on Wednesday. Rapid wage g...

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08 Nov 2023

Oil at 3-month low

Daily News

Oil prices remained at three-month lows as expectations of a slowdown in U.S. gasoline consumption added to a raft of indicators suggesting a worsening demand out...

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08 Nov 2023

"Ford, LG Energy Solution and Koç's battery factory postponement plan"

Daily News

According to the Korea Economic Daily, Ford, LG Energy Solution and Koç Holding are considering postponing the groundbreaking of a joint battery factory in Turkey...

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08 Nov 2023

US: We did not manipulate the exchange rates of any trading partner

Daily News

The U.S. Treasury Department reported that no major U.S. trading partner manipulated the exchange rate between their currency and the US dollar for export advanta...

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08 Nov 2023

Simplification step from the Central Bank in monitoring foreign exchange positions

Daily News

The Central Bank of the Republic of Turkey (TCMB) abolished Summary FX Position Reporting, and updated the scope of the Systemic Risk Data Monitoring System (SRVT...

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08 Nov 2023

Urban transformation law approved in the Turkish Grand National Assembly

Daily News

The Bill of Law on Amending the Law on Transformation of Areas at Disaster Risk and Certain Laws and the Decree Law No. 375, which includes regulations for urban ...

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26 Oct 2023

Biden and Netanyahu spoke on the phone

Daily News

US President Joe Biden emphasized the importance of protecting civilians in Gaza in a phone call with Israeli Prime Minister Benjamin Netanyahu. According to a st...

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26 Oct 2023

Minister Bolat's two-day visit to Egypt

Daily News

Minister of Trade Omer Bolat will pay an official visit to Cairo, the capital of Egypt, on October 27-28, accompanied by a delegation of business people. Accordin...

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26 Oct 2023

Eyes on CBRT interest rate decision

Daily News

The Central Bank of the Republic of Turkey will announce its interest rate decision at 14:00 under the shadow of inflation approaching 70 percent. The bank is exp...

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26 Oct 2023

Increasing geopolitical risk impact on global markets

Daily News

Meta's emphasis on the uncertain outlook has led to a pessimistic atmosphere dominating the corporate earnings season, while increasing geopolitical risks are red...

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26 Oct 2023

Oil on the rise again

Daily News

Oil settled after rising on Wednesday on signs that Israel would resume its ground offensive in Gaza, reigniting concerns that the conflict could escalate and thr...

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26 Oct 2023

ECB expected to pause tightening

Daily News

The European Central Bank may pause its interest rate hike cycle today. The decision will be announced at 15:15 Turkish time. The European Central Bank may pause ...

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26 Oct 2023

Kishida: Fiscal stimulus not in conflict with BOJ policy

Daily News

The Bank of Japan’s inflation-focused monetary policy does not conflict with its fiscal stimulus measures, Japanese Prime Minister Fumio Kishida said on Thursday....

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26 Oct 2023

Striking autoworkers in the US reach tentative agreement with Ford

Daily News

The United Auto Workers Union (UAW), which has been on strike for about six weeks against 3 major automakers in the US, has reached a 4.5-year temporary agreement...

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23 Oct 2023

New wave of investigations from China

Daily News

The investigations by Chinese authorities, which have led to a series of arrests, have created a new cold shower effect on foreign capital. Chinese state media re...

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23 Oct 2023

Middle East tensions continue in global markets

Daily News

As geopolitical tensions continue to linger in global markets, market players are watching gold, crude oil and Treasury bonds fall. While gold and crude oil fell ...

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23 Oct 2023

Gold retreats from 5-month high

Daily News

Gold prices fell from a five-month high on Monday as global markets sought a sign of the global impact of the Middle East conflict. Gold prices fell from a five-m...

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23 Oct 2023

Mester: Fed rates near peak

Daily News

Cleveland Fed President Loretta Mester said she probably doesn’t expect interest rates to be raised much further from here. The Fed’s view on interest rate policy...

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20 Oct 2023

Erkan met with Turkish-German business world representatives

Daily News

The President of the Central Bank of the Republic of Turkey (TCMB), Dr. Hafize Gaye Erkan, attended the meeting titled "Financial Perspective on Turkish-German Ec...

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