News

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24 May 2023

Jeremy Hunt: Food inflation is worryingly high

Daily News

British Finance Minister Jeremy Hunt stated that although inflation fell to 8.7 percent in April, food inflation remained “worryingly” high. In his assessment of ...

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24 May 2023

Fed to track market sentiment on Twitter

Daily News

The US Federal Reserve (Fed) has created a new measure of credit and financial market sentiment using Natural Language Processing on Twitter data. The Fed's repor...

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24 May 2023

UK inflation hits steepest fall in 30 years

Daily News

The downward momentum in annual inflation in the UK continued in April. Annual inflation in the country fell to its lowest level in a year at 8.7 percent. It was ...

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24 May 2023

The richest man in the world lost $11 billion of his fortune

Daily News

The world’s richest man, Bernard Arnault, lost $11 billion after LVMH stock crash. The world’s richest man, Bernard Arnault, had $11.2 billion wiped from his fort...

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24 May 2023

Oil rises after Saudi Arabia's warning

Daily News

Oil rose for a third session after Saudi Arabia issued a warning to short sellers and suggested OPEC+ could reduce output to boost prices. U.S. crude rose to $74 ...

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24 May 2023

New Zealand raises interest rates again

Daily News

The Reserve Bank of New Zealand (RBNZ) raised its policy rate by another 25 basis points, in line with market expectations, warning that inflation is still too hi...

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24 May 2023

Asian stock markets fall

Daily News

Asia-Pacific markets were mostly lower on Wednesday. Hong Kong’s Hang Seng index fell 1.05 percent and the Hang Seng Technology Index lost 1.16 percent, led by he...

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24 May 2023

Netflix starts charging for account sharing in the US

Daily News

Global internet television network Netflix has announced that users in the US will be able to share their account information with others for $8 per month. Netfli...

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24 May 2023

Fitch warns: US consumer spending could be further constrained

Daily News

International credit rating agency Fitch Ratings reported that weakening consumer confidence due to inflation and tight credit standards due to stress at regional...

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23 May 2023

Yellen warns about cash

Daily News

While no concrete results came out of the critical talks on the debt limit in the U.S., U.S. Treasury Secretary Yellen warned that the department could run out of...

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23 May 2023

ECB/ Villeroy: Interest rates to peak in next three meetings

Daily News

“The European Central Bank will hit a peak in interest rates in its next three meetings,” said Francois Villeroy de Galhau, a member of the Governing Council of t...

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23 May 2023

Oil Rises After Biden-McCarthy Talks

Daily News

Oil rose after U.S. leaders including President Joe Biden broadly sounded positive tone about resolving the debt ceiling impasse, boosting risk appetite. U.S. cru...

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23 May 2023

Biden-McCarthy meeting yields no results

Daily News

House Speaker Kevin McCarthy said he had “productive” and “professional” talks with President Joe Biden on how to raise the debt ceiling, but the two failed to re...

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23 May 2023

Asian stock markets mixed

Daily News

Asian stock markets were mixed after U.S. debt ceiling talks ended without a deal. Asia-Pacific markets were mixed on Tuesday after talks between U.S. President J...

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23 May 2023

Treasury receivables reached 21 billion lira in April

Daily News

Treasury receivables amounted to 21 billion liras as of the end of April. The Ministry of Treasury and Finance announced data on Treasury receivables as of April ...

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23 May 2023

Fed: Inflation is the most widespread financial problem in the US

Daily News

The US Federal Reserve (Fed) reported that 33 percent of adults cited inflation as their main financial challenge in 2022. The "US Household Economic Well-Being" ...

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23 May 2023

$4 billion chip investment from Applied Materials

Daily News

Applied Materials, a US provider of equipment, services, and software for semiconductor manufacturing, announced that it plans to invest $4 billion to establish a...

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23 May 2023

Central government debt stock reached 4.5 trillion lira

Daily News

The central government gross debt stock was determined as 4 trillion 588.1 billion lira as of the end of April. The Ministry of Treasury and Finance announced the...

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23 May 2023

Chevron to buy PDC Energy

Daily News

Chevron, one of the major oil producers in the US, announced that it will buy PDC Energy for $7.6 billion including its debt. The company announced that an agreem...

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22 May 2023

Election in Greece: Mitsotakis' party finished ahead

Daily News

Mitsotakis announced that he would work for the second elections, which will grant at least 20 additional seats to the first party in parliament, so that his part...

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22 May 2023

China bans products from US chipmaker Micron

Daily News

China said products from U.S. chipmaker Micron Technology posed “serious network security risks” and would ban key infrastructure operators from sourcing from the...

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