News

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27 Jun 2023

Aramco looks to China, India to support oil markets

Daily News

Aramco’s chief executive Amin Nasser believes oil market fundamentals remain broadly “solid” for the rest of the year. Saudi Arabia’s oil giant Aramco is expectin...

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27 Jun 2023

US Treasury Secretary Yellen Plans to Visit China

Daily News

Treasury Secretary Janet Yellen plans to visit China in July Treasury Secretary Janet Yellen plans to visit Beijing in early July for the first high-level economi...

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27 Jun 2023

Li: China's Q2 growth to be higher than Q1

Daily News

China's second-quarter economic growth will be faster than the first quarter, Premier Li Qiang said on Tuesday. China is on track to meet its annual growth target...

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27 Jun 2023

Russia extends retaliatory price ceiling

Daily News

Russia has extended the decree banning the sale of oil and petroleum products to participants in the price ceiling on Russian oil until December 31, 2023. Russian...

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27 Jun 2023

"EU may not find enough financing for climate targets"

Daily News

The European Court of Auditors has warned that the European Union (EU) may not find sufficient financing to meet its ambitious climate goals. The European Court o...

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26 Jun 2023

S&P Global cuts China growth forecast

Daily News

S&P Global has cut its 2023 GDP growth forecast for China, the world’s second-largest economy. S&P Global said it was cutting its 2023 GDP growth forecast for Chi...

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26 Jun 2023

Volatile week for oil

Daily News

Oil was volatile as investors weighed the possibility of more civil unrest in Russia following a brief weekend riot at a major OPEC+ producer. U.S. crude traded a...

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26 Jun 2023

Mitsotakis wins Greek elections

Daily News

The winner of the general elections in Greece was the New Democracy Party led by Prime Minister Mitsotakis. The New Democracy Party, which received 40.5 percent o...

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26 Jun 2023

Two new appointments to TMSF

Daily News

Two appointments to the Savings Deposit Insurance Fund (SDIF) memberships were published in the Official Gazette. According to the appointment decisions published...

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26 Jun 2023

Erdogan meets with NATO Secretary General Stoltenberg

Daily News

President Recep Tayyip Erdoğan’s telephone diplomacy continued with a meeting with NATO Secretary General Jens Stoltenberg. Developments in Russia were discussed ...

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26 Jun 2023

Eid record on bridges and highways

Daily News

Minister of Transport and Infrastructure Uraloğlu announced that vehicle and passenger records were broken on some bridges, highways, and airports. Minister of Tr...

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26 Jun 2023

Tax warning from central banks' bank

Daily News

The Bank for International Settlements (BIS), known as the central bankers’ bank, has called for reduced public spending and higher taxes to combat inflation. The...

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26 Jun 2023

China calls on Europe for economic cooperation

Daily News

Chinese Premier Li sent a message of cooperation to Europe against economic security concerns. At a time when economic security concerns are rising in Europe, Chi...

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26 Jun 2023

Greece goes to the polls again

Daily News

In Greece, where no party achieved a majority to form a government on its own in the elections held on May 21, voters are heading to the polls again. Following th...

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23 Jun 2023

Stronger capital rules are coming to mid-sized banks in the US

Daily News

U.S. Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said bank regulators are considering imposing stricter capital rules on banks with ass...

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23 Jun 2023

Powell: There could be 1 or 2 more rate hikes

Daily News

Fed Chairman Jerome Powell said in his second day of presentation to the US Congress that 1 or 2 more interest rate hikes may be necessary this year. Powell answe...

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23 Jun 2023

US resale home sales exceed expectations

Daily News

US second-hand home sales increased by 0.2 percent on a monthly basis in May, exceeding expectations. The National Association of Realtors (NAR) announced the sec...

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23 Jun 2023

Rent increase cap application continues in residences

Daily News

Justice Minister Yılmaz Tunç announced that the upper limit of the rent increase rate for housing rents will be 25 percent for one year from July 2, 2023 to July ...

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23 Jun 2023

Citi returns to long position in USD/TL

Daily News

Citi strategists stated in a note issued after the TCMB interest rate decision that the institution’s model portfolio was updated to long USD/TL. Citi strategists...

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22 Jun 2023

Brazilian Central Bank keeps interest rates steady as expected

Daily News

The Brazilian central bank did not change its benchmark interest rate as expected. The Brazilian central bank kept its benchmark interest rate unchanged for the s...

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22 Jun 2023

Atlanta Fed President's interest rate expectations

Daily News

Atlanta Fed President Raphael Bostic said he favors holding interest rates steady through the end of the year. Atlanta Fed President Raphael Bostic said Wednesday...

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