News

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18 Aug 2023 11:19

Vietnam's richest man's fortune melted away in 2 days

Daily News

VinFast owner Pham Nhat Vuong’s fortune has slumped 40 percent in two days, to $26.2 billion. VinFast Auto Ltd. is coming back down to earth after an astronomical...

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18 Aug 2023 11:18

Turkey's IIP deficit reached $252.9 billion in June

Daily News

The net International Investment Position (IIP) deficit, defined as the difference between Turkey's assets abroad and its liabilities abroad, stood at 252.9 billi...

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18 Aug 2023 11:17

67 million lira fine from the Ministry of Trade

Daily News

The Ministry of Trade made a statement about the inspections conducted within the scope of consumer protection and market surveillance and the penalties imposed o...

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18 Aug 2023 11:14

Şekerbank secured a 7-year term loan from US-based DFC

Daily News

Şekerbank signed a $100 million loan agreement with the US Government agency US International Development Finance Corporation (DFC). Şekerbank's 7-year term loan ...

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18 Aug 2023 11:14

China's yuan move

Daily News

China is trying to strengthen the weakening yuan with the daily reference exchange rate weapon. The People's Bank of China set the yuan fix at 7.2006 per dollar. ...

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18 Aug 2023 11:13

Core inflation falls in Japan

Daily News

The annual increase in consumer prices excluding fresh food in Japan fell to 3.1 percent in July, in line with economists’ expectations. While the inflation data ...

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18 Aug 2023 11:13

China Evergrande files for bankruptcy in US

Daily News

China Evergrande has filed for protection from creditors in U.S. bankruptcy court. Real estate giant China Evergrande Group, whose default two years ago precipita...

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17 Aug 2023 12:30

Param acquires Czech fintech firm Twisto

Daily News

Param announced that it has acquired the Czech fintech company Twisto in line with its growth strategy abroad. Param has acquired the Czech “Buy now, pay later” p...

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17 Aug 2023 12:30

Partial start of oil production in northern Iraq

Daily News

The Norwegian DNO ASA, which produces oil in northern Iraq, announced last month that it had begun test oil production from the Tawke field and was continuing pro...

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17 Aug 2023 12:29

Signal of continued tightening from the Norwegian Central Bank, which increased interest rates

Daily News

The Norwegian Central Bank lowered its policy rate to 4 percent, in line with expectations, and signaled a final increase for September. The Norwegian Central Ban...

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17 Aug 2023 12:29

Short-term external debt stock increased in June

Daily News

As of the end of June, short-term external debt stock increased by 9.2 percent compared to the end of 2022, reaching 162.8 billion dollars. According to data publ...

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17 Aug 2023 12:28

Şimşek: Simplification and tightening steps will continue

Daily News

Treasury and Finance Minister Mehmet Şimşek stood before the cameras at the 66th General Assembly of the Banks Association of Turkey. Şimşek said in his speech th...

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17 Aug 2023 12:28

Unemployment rate fell by 0.3 percentage points in the second quarter

Daily News

According to TurkStat data, unemployment decreased by 73 thousand people in the second quarter compared to the previous quarter and became 3 million 400 thousand ...

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17 Aug 2023 12:27

Gold near 5-month low after Fed minutes

Daily News

Gold remained flat below $1,900 on speculation that interest rate hikes may continue due to inflation still being too high. After closing below $1,900 for the fir...

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17 Aug 2023 12:26

ECB's hawkish name sends message of limited additional increase

Daily News

One of the hawkish European Central Bank governors, Latvian central bank governor Martin Kazaks, said any further rate hikes by the ECB would be more limited. Acc...

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17 Aug 2023 12:26

China's Effort to Support the Yuan

Daily News

The People's Bank of China (PBOC) sent an important message through the reference exchange rate level it set to prevent the yuan from depreciating, which is headi...

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16 Aug 2023 10:22

Private sector's foreign credit debt decreased in June

Daily News

According to CBRT data, as of the end of June, the total loan debt of the private sector from abroad decreased by $3.2 billion compared to the end of 2022 and amo...

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16 Aug 2023 10:22

Gold near 7-week low

Daily News

Gold traded near its lowest level since late June as swap investors in the U.S. increased their pricing of a new rate hike to above 50 percent. Gold traded near i...

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16 Aug 2023 10:21

Two banks cut China growth forecast

Daily News

Economists at JPMorgan and Barclays have cut their China growth forecasts amid economic woes stemming from weak domestic demand, falling exports and a weakening r...

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16 Aug 2023 10:20

Rocket Lab to launch climate satellite for NASA

Daily News

The aerospace transportation company Rocket Lab will launch two small satellites for NASA that could help scientists better understand how a warming global climat...

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16 Aug 2023 10:19

New Zealand keeps interest rates steady

Daily News

The Reserve Bank of New Zealand left its policy rate unchanged for the second consecutive meeting, in line with economists’ expectations, at 5.5%. The Reserve Ban...

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