News

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22 Jun 2023

Asian stocks rise after Powell

Daily News

Asian markets are mostly higher even as the Fed forecasts more rate hikes to tackle inflation. Asia-Pacific markets were broadly higher after Fed Chairman Jerome ...

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22 Jun 2023

Layoffs at Uber

Daily News

Transportation network company Uber Technologies will reportedly lay off 200 employees from its recruiting team due to cost savings. The company said in a note to...

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22 Jun 2023

Interest rate forecast from Fitch

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Having raised its growth expectation for the global economy from 2 percent to 2.4 percent for 2023, international credit rating agency Fitch Ratings announced tha...

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22 Jun 2023

UNCTAD: Global trade recovers but outlook remains weak

Daily News

The United Nations Conference on Trade and Development (UNCTAD) stated that global trade in goods and services growth recovered in the first quarter of 2023, but ...

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22 Jun 2023

The "Agricultural Agreement" crisis in the Netherlands

Daily News

In the Netherlands, talks on an “Agricultural Agreement” between government officials and farmer representatives ended without an agreement after the country’s la...

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21 Jun 2023

Elon Musk plans to invest in India

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Tesla CEO Elon Musk said he wants to invest in India “as soon as possible.” Elon Musk said Tesla is likely to make a significant investment in India after meeting...

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21 Jun 2023

Fed official's inflation assessment

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The Fed’s Washington-based board of governors is focused on reducing too-high inflation so the U.S. economy can return to sustained growth, two Fed policymakers a...

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21 Jun 2023

BOJ's Adachi: Too early to change ultra-easy monetary policy

Daily News

Bank of Japan Governing Board Member Seiji Adachi said it was too early to phase out ultra-loose monetary policy given the high uncertainty about the price outloo...

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21 Jun 2023

Asian stocks mostly down after Wall Street rally

Daily News

Asian stocks fell broadly on Wednesday as Wall Street’s rally cooled from last week. Asia-Pacific stocks fell broadly on Wednesday, mirroring the moves on Wall St...

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21 Jun 2023

San Francisco Fed: Supply chain still fueling inflation

Daily News

The San Francisco Branch of the US Federal Reserve stated that the disruptions in the global supply chain caused by the Covid-19 outbreak have largely subsided, b...

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21 Jun 2023

İş Bank's green debt instrument application to CMB

Daily News

İş Bankası announced that it has applied to the Capital Markets Board regarding the issuance of sustainable debt instruments up to a nominal value of 3 billion Tu...

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21 Jun 2023

Grain corridor message from the USA

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The US announced that they will continue to support the efforts of Turkish President Recep Tayyip Erdoğan and the United Nations (UN) regarding the extension of t...

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21 Jun 2023

Venezuela to join Russian payment system Mir

Daily News

Venezuelan President Nicolas Maduro stated that they will join the Russian payment system Mir in order to reduce the impact of economic sanctions against his coun...

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21 Jun 2023

PayPal move from US investment fund

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US-based investment fund Kohlberg Kravis Roberts (KKR) will reportedly take over up to 40 billion euros of "buy now, pay later" (BNPL) loans from online payment s...

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20 Jun 2023

New collaboration from SASA

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SASA will build the world’s largest propane dehydrogenation unit using Honeywell Oleflex technology. SASA will build the world’s largest Propane Dehydrogenation (...

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20 Jun 2023

Third meeting for minimum wage

Daily News

The Minimum Wage Determination Commission will hold its third meeting for the interim raise at 11:00. The parties will come together for the third time for the in...

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20 Jun 2023

China's Premier Li: Risk reduction decision should be made by companies

Daily News

Chinese Premier Li Qiang said during a visit to Germany that “risk reduction” decisions should be made by companies rather than governments. Chinese Premier Li Qi...

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20 Jun 2023

UBS faces hundreds of millions of dollars in fines

Daily News

According to the Financial Times, UBS Group AG is facing hundreds of millions of dollars in fines due to its acquisition of Credit Suisse and its dealings with Ar...

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20 Jun 2023

Alibaba appoints new CEO

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Alibaba Group has announced that it has named a new CEO to replace Daniel Zhang. According to the statement, the new CEO will be Eddie Wu. Eddie Wu will replace D...

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20 Jun 2023

Motor oil prices have increased

Daily News

Diesel has increased by 1.64 liras per liter. The increased prices are reflected at the pump as of today. In the last 3 weeks, diesel has increased by 23 percent ...

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20 Jun 2023

China cuts loan interest rates

Daily News

China lowered its one-year and five-year prime loan rates by 10 basis points for the first time since August. The People’s Bank of China (PBOC) lowered the one- a...

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