News

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10 Jun 2024 09:26

Macron calls for early elections after far-right victory in EP elections

Daily News

French President Emmanuel Macron has decided to dissolve parliament and call early general elections after the far-right came in first place by a wide margin in t...

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10 Jun 2024 09:26

Calm course ahead of critical data for oil

Daily News

Oil prices settled after a weekly decline as investors eagerly awaited a series of industry reports and the Fed’s decision on interest rates, while the market was...

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10 Jun 2024 09:25

Additional tax on Chinese automotive imports

Daily News

With the regulation published in the Official Gazette, an additional tax was imposed on all fuel-type passenger vehicles imported from China. Turkey has decided t...

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10 Jun 2024 09:24

President Erdoğan: Foreign exchange requirement for exporters reduced to 30 percent

Daily News

President Recep Tayyip Erdoğan stated that they reduced the foreign exchange exchange obligation for exporters from 40 percent to 30 percent and said, "This regul...

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07 Jun 2024 09:31

Yellen warns of AI risks in finance

Daily News

US Treasury Secretary Janet Yellen reported that while artificial intelligence offers significant opportunities, such as making financial services less costly and...

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07 Jun 2024 09:29

JPM, Citi maintain July rate cut expectations

Daily News

Ahead of the critical US nonfarm payrolls data to be released today at 15:30 GMT, two major Wall Street banks, JPMorgan and Citigroup, maintain their expectations...

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07 Jun 2024 09:28

Moody's may downgrade 6 regional banks in the US

Daily News

Moody's said at least six U.S. regional banks are at risk of having their debt ratings downgraded. Moody's said at least six U.S. regional banks with significant ...

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07 Jun 2024 09:27

End of an era in the Eurozone

Daily News

In line with expectations, the European Central Bank (ECB) cut interest rates by 25 basis points, lowering the deposit rate to 3.75 percent. The decision text inc...

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06 Jun 2024 09:45

Silver forecast from UBS

Daily News

UBS raises silver price forecast, expects outperform relative to gold. UBS strategists raised their silver price forecast on the expectation that silver will outp...

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06 Jun 2024 09:45

Concerns over Saudi Arabia’s price cut in oil

Daily News

Oil rises after Saudi Arabia price cut signals demand concerns Oil rose for a second session on Saudi Arabia’s crude price cuts and concerns about the demand outl...

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06 Jun 2024 09:44

Nvidia is also in the $3 trillion company club

Daily News

The market value of California-based chipmaker Nvidia has surpassed $3 trillion. Thus, Nvidia became the third company to reach a value of $3 trillion. Nvidia's s...

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06 Jun 2024 09:42

US services sector sees strongest growth in 9 months

Daily News

Service sector activity in the U.S. rose to a nine-month high in May. The data signaled that the economy is continuing to recover, albeit slowly. The ISM services...

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06 Jun 2024 09:42

Şimşek: We envisage a limited transaction tax on crypto and stocks, not based on profits

Daily News

Treasury and Finance Minister Mehmet Şimşek spoke to Bloomberg about tax studies on crypto and stocks. Treasury and Finance Minister Mehmet Şimşek said that they ...

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05 Jun 2024 09:48

Oil at 4-month low

Daily News

Oil at four-month low as U.S. inventories rise Oil held losses to four-month lows, with the declines deepening as an industry report showed U.S. crude inventories...

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05 Jun 2024 09:46

Pimco: US Treasuries Offer Cheap Hedge

Daily News

According to Pimco, markets are ignoring the risk of a US recession, making bonds a “cheap hedge.” Weak employment data in the US has also helped bonds gain value...

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05 Jun 2024 09:46

FAST service has been activated for payments requiring approval.

Daily News

The Central Bank of the Republic of Turkey (TCMB) announced that the FAST service has been launched for payments requiring approval, which can be used in differen...

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05 Jun 2024 09:45

Taxation study of stock market and crypto earnings from the Treasury

Daily News

The Ministry of Treasury and Finance is reportedly continuing a study on the taxation of financial activities, including stock market investments and those obtain...

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04 Jun 2024 09:47

Oil supply concerns

Daily News

Oil falls as OPEC+ plan raises concerns about oversupply Oil extended losses at the lowest level in almost four months after OPEC+ plan raised concerns about over...

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04 Jun 2024 09:46

Strategies ahead of the US presidential election

Daily News

Uncertainty surrounding the U.S. presidential election could jeopardize some popular investment strategies this year, according to Morgan Stanley. Uncertainty sur...

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04 Jun 2024 09:45

first in oil since February

Daily News

Brent crude fell below $80 a barrel after OPEC+ agreed to begin phasing out cuts in 2025 despite concerns about the demand outlook and strong supply from outside ...

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04 Jun 2024 09:44

Gas agreement with Azerbaijan extended to 2030

Daily News

Minister of Energy and Natural Resources Alparslan Bayraktar announced that the gas agreement with Azerbaijan has been extended to 2030. Minister of Energy and Na...

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