News

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26 May 2023 09:24

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 09:21

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 09:20

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 09:20

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 09:20

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 09:19

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 09:19

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 09:19

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 09:18

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 09:18

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 17:34

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 17:34

"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 17:34

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 17:33

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 17:33

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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24 May 2023 17:32

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 17:32

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 09:45

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 09:44

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 09:37

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 09:37

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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