News

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26 May 2023

Asian stocks mostly higher after tech rally

Daily News

Asia-Pacific stocks were mixed after Wall Street saw a tech rally led by Nvidia and U.S. negotiators neared a debt ceiling deal just a week before the government ...

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Net stable funding ratio of banks will be calculated

Daily News

The "Regulation on Calculation of Net Stable Funding Ratio of Banks" prepared by the Banking Regulation and Supervision Agency was published in the Official Gazet...

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26 May 2023

Erdoğan: Depositing money from the Gulf has relieved the TCMB

Daily News

President Erdoğan stated that the money deposited into the Central Bank of the Republic of Turkey (TCMB) deposit accounts from the Gulf countries provided relief,...

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26 May 2023

The application period for debt restructuring has been extended by 1 month

Daily News

The application period for the restructuring of debts to the state has been extended by 1 month. The decision was published in the Official Gazette and entered in...

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26 May 2023

Germany's Lufthansa buys minority stake in ITA Airlines

Daily News

It was reported that German airline Lufthansa will buy a minority stake in Italy’s flag carrier ITA. In a statement, Lufthansa Group announced that an agreement w...

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26 May 2023

US chipmaker's market value approaches $1 trillion

Daily News

California-based chipmaker Nvidia's stock value rose nearly 30 percent after revenue estimates exceeded expectations, bringing the company's market value close to...

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26 May 2023

Denial of purchase claims from BOTAŞ and Gazprom

Daily News

BOTAŞ denied claims in some press outlets that BOTAŞ would be taken over by the Russian oil and natural gas company Gazprom. The Russian energy company Gazprom al...

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25 May 2023

Germany enters recession

Daily News

The latest reading for Germany's national income in the first quarter of the year was revised down to a 0.3 percent contraction. Thus, the country entered recessi...

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25 May 2023

Fed Governor Waller stresses 'flexibility' for June rate decision

Daily News

“Whether we raise or skip at the June meeting will depend on how the data comes in over the next three weeks,” Fed Governor Christopher Waller said. While insisti...

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25 May 2023

South Korea keeps interest rates steady for third time

Daily News

The Bank of South Korea (BoK) did not change interest rates in its third consecutive meeting, as markets expected. The Bank of Korea kept its benchmark interest r...

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25 May 2023

Asian stock markets fall, led by Hong Kong

Daily News

Asian markets led losses, with Hong Kong stocks down 2%. Hong Kong’s Hang Seng led losses in Asia, falling 2% to hit a two-month low for the first time since Marc...

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25 May 2023

Fitch puts US credit rating on negative watch

Daily News

International credit rating agency Fitch Ratings has placed the US’s “AAA” credit rating on negative watch due to the debt limit impasse. In a statement, Fitch sa...

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25 May 2023

Minister Nebati: Our banking sector has demonstrated its strength beyond dispute

Daily News

Minister of Treasury and Finance Nureddin Nebati stated that the banking sector has demonstrated its strength beyond dispute and said, "Despite the recent bankrup...

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25 May 2023

Limits have changed in the definition of SME

Daily News

The classification, qualifications and types of businesses of SMEs have been redefined. The regulation on Small and Medium-Sized Enterprises (SMEs) entered into f...

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25 May 2023

Brexit raises UK food bill

Daily News

It has been calculated that Brexit has caused food inflation in the UK to be 30% higher, adding an additional £7 billion to households’ food bills since December ...

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25 May 2023

Interest rate divergence in Fed minutes

Daily News

The Fed minutes highlighted the division among officials on further rate hikes. The minutes indicated that the extent of possible rate hikes had become less certa...

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24 May 2023

Copper prices at 6-month low

Daily News

Copper prices fell below $8,000 per tonne for the first time in six months following weak economic data from China following the end of COVID-19 restrictions. Cop...

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24 May 2023

"The financial situation is suitable for the Qatari riyal to be indexed to the dollar"

Daily News

Qatar Central Bank Governor Bandar bin Mohammed bin Saud Al Thani announced that the country’s financial situation is suitable for the local currency to be pegged...

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24 May 2023

EU calls for "reduce energy support"

Daily News

The European Union (EU) Commission has requested member states to comply with the union's fiscal rules and reduce current energy support measures by the end of th...

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24 May 2023

Lagarde: ECB determined to fight high inflation

Daily News

European Central Bank (ECB) President Christine Lagarde stated that the bank is determined to fight inflation and will bring interest rates to sufficiently restri...

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24 May 2023

Sasa A Team at Qatar Economic Forum

Daily News

The Sasa A Team, led by Erdemoğlu Holding Chairman İbrahim Erdemoğlu, attended the Qatar Economic Forum. The Qatar Economic Forum, which was held for the third ti...

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