News

image
27 Apr 2023

Akbank's net profit in the first quarter was in line with market expectations

Daily News

Akbank made a net profit of TL 10.71 billion in the first quarter of 2023, in line with the market expectation of TL 10.78 billion. The bank's net profit in the f...

Read More
image
27 Apr 2023

Türk Traktör announced that it achieved a net profit of 1.4 billion TL in the first quarter of the year, above market expectations.

Daily News

Türk Traktör shared its balance sheet for the first quarter of 2023. Accordingly, the company achieved a net profit of 1.4 billion TL in the first quarter of 2023...

Read More
image
27 Apr 2023

Meta's revenue increased in the first quarter of the year

Daily News

Meta, the owner of Facebook, Instagram, and WhatsApp, exceeded market expectations with its revenue of $28.7 billion in the first quarter of this year. Meta annou...

Read More
image
27 Apr 2023

Asian stock markets watch BOJ President Ueda's first meeting

Daily News

Asian markets were mixed as the new Bank of Japan governor presided over his first policy meeting. Asia-Pacific markets were mixed on Thursday as investors focuse...

Read More
image
27 Apr 2023

US House of Representatives approves debt ceiling increase

Daily News

The U.S. House of Representatives has approved a bill prepared by House Speaker Kevin McCarthy that would increase the federal debt ceiling. The bill, which would...

Read More
image
27 Apr 2023

Samsung's profits fall 95% due to falling chip prices

Daily News

Samsung profit falls in the first quarter of 2023 as memory chip prices continue to fall and demand remains weak. South Korean electronics giant Samsung’s operati...

Read More
image
27 Apr 2023

US approves Russia's critical agricultural payments

Daily News

According to Reuters, the US has allowed JPMorgan to process payments for Russia’s agricultural exports, while Russia wants to be allowed back into SWIFT. The US ...

Read More
image
27 Apr 2023

Erdoğan to connect remotely to ceremony in Akkuyu

Daily News

President Recep Tayyip Erdoğan has also canceled his visit to Mersin today following his illness the day before. Erdoğan will connect to the ceremony in Akkuyu re...

Read More
image
26 Apr 2023

First Republic Bank considers asset sale

Daily News

First Republic Bank is considering divesting $50 billion to $100 billion in assets as it tries to extricate itself from the turmoil that gripped the sector last m...

Read More
image
26 Apr 2023

The search for balance in oil

Daily News

Oil rose, offsetting some of Tuesday’s decline on concerns about the outlook for the global economy. U.S. crude traded above $77 a barrel after falling 2.2 percen...

Read More
image
26 Apr 2023

Binance.US backs down from acquiring Voyager Digital

Daily News

Binance’s US-based platform Binance US has canceled a $1.3 billion deal for assets of Voyager Digital Cryptocurrency exchange Binance.US, the US subsidiary of cry...

Read More
image
26 Apr 2023

Hyundai to build electric vehicle battery factory in US

Daily News

South Korea-based automaker Hyundai announced that they plan to establish a $5 billion electric vehicle battery factory in the US with SK On. In a statement made ...

Read More
image
26 Apr 2023

Asian stock markets mixed on banking concerns

Daily News

Asia-Pacific markets were mixed on Wednesday after banking concerns reignited on Wall Street. Shares in First Republic Bank tumbled more than 49% after the region...

Read More
image
26 Apr 2023

Microsoft and Alphabet increase their revenues

Daily News

The revenues of American technology companies Microsoft and Alphabet, the parent company of Google, increased in the January-March period. Microsoft, which accept...

Read More
image
26 Apr 2023

Merger statement from Ülker Bisküvi

Daily News

An application was made to the Capital Markets Board (SPK) regarding the merger of Ülker Bisküvi Sanayi AŞ with Ülker Çikolata ve Biskot Bisküvi through takeover....

Read More
image
26 Apr 2023

Statement from Fitch regarding the US debt limit increase

Daily News

Fitch Ratings, an international credit rating agency, stated that the path to resolving the debt limit impasse in the US remains unclear, and reported that an inc...

Read More
image
25 Apr 2023

KKM regulation in corporate tax exemption

Daily News

The corporate tax exemption will also be applied to foreign currencies included in companies’ balance sheets. The corporate tax exemption regulated by the tempora...

Read More
image
25 Apr 2023

Volvo invests in driver monitoring company CorrActions

Daily News

Volvo Cars Tech Fund is making a strategic investment in Israeli driver monitoring technology startup CorrActions. “We have decided to acquire a stake in CorrActi...

Read More
image
25 Apr 2023

Credit crisis in oil

Daily News

U.S. oil and gas investors are likely to have a harder time borrowing from banks in the coming months because of lower commodity prices and tighter credit conditi...

Read More
image
25 Apr 2023

South Korea grew 0.8 percent in the first quarter

Daily News

South Korea's GDP rose 0.8 percent in the first quarter from a year earlier. South Korea's gross domestic product rose 0.8 percent in the first quarter from a yea...

Read More
image
25 Apr 2023

Google brings AI to cybersecurity

Daily News

Google has announced its cybersecurity suite Cloud Security AI Workbench, powered by a proprietary “security” AI language model called Sec-PaLM. In March, Microso...

Read More