News

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10 Oct 2023

Yellen: We will prevent evasion of Russian oil price cap

Daily News

Treasury Secretary Janet Yellen said she was preparing to block any evasion of the G7’s price cap on Russian oil because recent market prices suggested the mechan...

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10 Oct 2023

Fed Vice Chairman Jefferson comments on interest rates

Daily News

Fed Vice Chairman Philip Jefferson said the central bank should be careful about further increases in the benchmark federal funds rate, adding that “we are in a d...

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10 Oct 2023

Truck manufacturer Mack Trucks also begins strike

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In the US, the United Automotive Workers Union (UAW) announced that approximately 4,000 of its members have decided to strike at the Pennsylvania, Maryland and Fl...

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10 Oct 2023

Spain reacts to EU decision to halt aid to Palestine

Daily News

Spanish Deputy Prime Minister Yolanda Diaz reacted to the freezing of European Union (EU) development aid to Palestinians while conflict between Israel and Palest...

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10 Oct 2023

Fed official supports plan to increase bank capital

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Michael Barr, the Vice Chairman of the Federal Reserve (Fed) for Supervision, stated that the proposed regulation to increase bank capital could increase banks’ f...

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09 Oct 2023

The decline in export climate continued

Daily News

ISO Turkey Manufacturing Sector Export Climate Index remained below the threshold value at 49.0 in September The Istanbul Chamber of Industry (ISO) Turkey Manufac...

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09 Oct 2023

Germany's industrial production contraction continues

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German industrial production fell by 0.2 percent in August, more than expected. Germany’s industrial production fell for the fourth month in August. Led by the co...

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09 Oct 2023

Oil rises as tensions rise in Middle East

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Following the escalation of tensions in the Middle East, oil prices rose by 5 percent, erasing some of last week’s losses. The barrel price of US crude oil exceed...

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09 Oct 2023

Israel takes foreign exchange selling precaution after currency falls sharply

Daily News

The Israeli currency, the shekel, has fallen by up to 2 percent, after the attacks. The Bank of Israel has announced a program to sell up to $30 billion in foreig...

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09 Oct 2023

Economic analysis from IMF after completing its visit to Türkiye

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IMF economists completed their visit to Turkey and announced their growth forecasts over the weekend. Accordingly, the IMF estimates that Turkey's growth will slo...

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09 Oct 2023

Citigroup sells China consumer assets portfolio to HSBC

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Citigroup has agreed to sell its China consumer asset portfolio to HSBC Holdings. Citigroup said on Monday that it has agreed to sell its China consumer asset por...

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09 Oct 2023

Lagarde: We will reach 2% inflation target

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European Central Bank (ECB) President Christine Lagarde said she was confident they would hit their 2% inflation target. “We want to bring inflation to 2% and we ...

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09 Oct 2023

Apple's virtual reality glasses are coming to rival Vision Pro

Daily News

Meta is developing a product that can compete with Apple's virtual reality glasses, the Vision Pro. Meta's AR glasses, which it plans to introduce next year, will...

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05 Oct 2023

Türkiye-UAE discuss construction of railway for 3rd bridge

Daily News

According to Bloomberg, the United Arab Emirates fund ADQ is negotiating a railway project with Turkey for the 3rd bridge. It was reported that the United Arab Em...

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05 Oct 2023

Sales positions in local banks in the USA

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Reflecting expectations of losses in U.S. local bank stocks, positions rose above the peak of concerns about a global banking crisis in March. The ratio of short ...

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05 Oct 2023

Citigroup raises China growth forecast

Daily News

Citigroup Inc. raised its growth forecast for China to 5 percent this year after encouraging data supported expectations that the official growth target could be ...

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05 Oct 2023

TCMB Governor Erkan to meet with international funds in Marrakesh

Daily News

The Governor of the Central Bank of the Republic of Turkey (TCMB) Hafize Gaye Erkan will meet with international funds and investment banks as part of the Annual ...

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05 Oct 2023

Pimco: BOJ may end yield curve control policy this year

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The Bank of Japan (BOJ) could end its yield curve control program before the end of the year if rising prices prove more persistent than expected, said Richard Cl...

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05 Oct 2023

Walmart's shopping assistant is equipped with generative AI

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Walmart is testing new generative AI tools. Its new shopping assistant will allow customers to have a more interactive, conversational shopping experience by bein...

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05 Oct 2023

Asian stock markets rise

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Asia-Pacific stocks rose after U.S. Treasury yields retreated from 16-year highs Asia-Pacific stocks rose after U.S. Treasury yields retreated from 16-year highs ...

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05 Oct 2023

Sharp drop in oil prices

Daily News

Oil prices have fallen sharply on concerns that dark clouds over economies will dampen demand. U.S. crude fell 5.6 percent to below $85 a barrel, the biggest one-...

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