Wednesday, Aug 12
Coronavirus deaths pass 80,000 in US
The US remains the country hardest-hit by the coronavirus pandemic with nearly one-third of the world's over 4.1 million confirmed cases.
Private sector short-term external loans down in H1 of 2019
According to the Central Bank report, Turkish private sector’s foreign loans have fallen $3B since end-2018.
Deutsche Bank’s net loss in Q2 worse than expected
German Deutsche Bank’s net loss became $3.6 billion in the second quarter of 2019.
Greece privatization fund launches process for sale of Athens Airport
Athens International Airport is the largest airport in Greece, handling 24 million passengers a year, of which 16.4 million are international travelers.
Trump plans to hold trade talks with China’s Xi at G20
Trump and Chinese President Xi Jinping agreed to meet in Japan next week.
Turkey plans to increase mutual tourism with Russia
Two countries' authorities agreed to expand mutual tourism and cultural ties at the opening of the joint festival.
Deutsche Bank plans to set up ‘bad bank’
Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday.
Three new banknotes added to monetary cone in Venezuela
Venezuelan Central Bank officials announced that the new bills to make payments systems more efficient.
Central Bank keeps interest rates unchanged: Turkey
The bank expected the current account balance to maintain its improving trend.
Facebook to reveal company’s own cryptocurrency in June
According to the sources, Facebook is ready to reveal details about its cryptocurrency. The social media giant plans June 18th for the cryptocurrency debut.
Turkey signs MoU with Canada to boost trade cooperation
Turkish Trade Minister Ruhsar Pekcan stated that the agreement aims to improve commercial relations and increase investment.
Trade Minister: Turkey's exports hit record high
Turkish trade minister Ruhsar Pekcan says the country's exports last month jumped 11.46 percent year-on-year, while imports fall 19.85 percent.
Russia criticizes US pledge to sanction Nord Stream 2
The Nord Stream 2 gas pipeline project has come under fire from US.
Google restricts Huawei’s Android license
Following the US crackdown on Chinese technology companies, Google pulls Huawei’s Android license.
At least 85,000 houses sold in April
Last year, over 1,37 million property sales were recorded in Turkey while around 650,000 of them were newly-built houses.
European Union industrial production down
The industrial production in the EU saw a decrease of 0.4 percent year-on-year in March, according to official figures.
Machinery exports increase in Turkey
The country earns nearly $6B from machinery exports in the first 4 months of 2019.
Oil prices rise amid US sanctions
The United States reimposed sanctions on Iran in November last year, demanding all countries stop importing oil from the country.
Turkey's crude oil imports up 78,30% in 2019
Total oil product imports rise by 22,57 percent to 3,4 million tons.
Turkey's inflation rate falls to 19,50 percent in April
Annual inflation in April down from 19,71 percent the previous month, according to official data.
Turkish economic confidence index rises to 84,7 in April
Turkey’s economic confidence index rose to 84,7 points in April, up 3,4 percent from a month earlier, data from the TurkStat showed on Monday.
Manufacturers in China try to survive trade war
China is facing trade barriers are deploying an array of moves to try to keep foreign customers.
Turkey's e-communication saw $1.8B investments in 2018
Last year, mobile subscriber penetration rate reaches 99% in Turkey, transport minister says.
Trade minister aims to raise rate of exports meeting imports
Trade minister Ruhsar Pekcan says upcoming era will be quite a performance period for Turkey by taking important steps in the economy.
Hazelnut exports bring Turkey $1.1billion in 7 months
Turkey, the world's largest hazelnut exporter, sells nearly 190,000 tons of hazelnut from September to March.
Oil prices climbing towards five-month high
Brent crude increases to $70 on Wednesday, while WTI rises to $62.85.
Turkish Treasury and Finance to repay over debt in April-June
Treasury and Finance Ministry says, Treasury will borrow $5.77B from domestic markets over the next 3 months.
Turkey's Central Bank raises swap sale limits
Lenders’ limits will be 30 percent of their pre-determined Foreign Exchange and Banknotes Market transaction limit.
Turkey to raise machinery exports to Germany
Last year, the sector sold machinery worth $2.5 billion to Germany, which he underlined is the world machine industry's center.
Turkish simit chain CEO urges focus on branding
Choosing the right location key for retailers' success says the head of the Turkish food chain enjoying success in 25 countries.
Turkey: Nearly 6,700 new companies launched in February
The country's top business body says over 1,000 new companies with foreign partners were established last month.
Turkish consumer confidence surges in March
Consumer confidence index stands at 59.4 this month, up from 57.8 in February, says statistical authority.
Sweden: Far-right politician proposes building the mosque
Mark Collins says a mosque and a cultural center will attract more immigrants.
EU: Annual inflation up in February
Eurostat says annual inflation among EU28 countries in February was 1.6 pct, up from 1.5 pct in January.
Microsoft, Vodafone to develop Turkish AI assistant
Microsoft to use Turkish as the default language of the digital assistant.
Istanbul up 9 places in financial centers ranking
In its first entry into GFCI in November 2009, Istanbul ranked 72nd, rose to 68th in Sept. 2018, and to 58th in 2019.
Boeing shares fall after second 737 Max 8 crash
Boeing’s stock took another beating as a raft of countries grounded its 737 MAX 8 aircraft, responding to the deadly crash.
Turkish economy grows 2.6 pct in 2018
The gross domestic product at current prices totaled some $784B in last year, says TurkStat.
US economy loses power
The US economy added only 20.000 jobs — far fewer than expected — last month, the Labor Department said Friday.
ECB keeps interest rates low due to global fluctuation
The European Central Bank has reacted to the threat of recession across the eurozone with a promise to keep interest rates at historically low levels for at least the rest of the year.
Trump says China trade talks progressing nicely
Talks 'going pretty well,' US president says ahead of possible sit-down with Chinese counterpart.
Turkey exports 35 million bouquets on Int'l Women's Day
Turkey sends $5 million-worth of cut flowers to 20 countries for International Women's Day.
Turkey supports domestic producers with $2 billion
Turkish president addresses farmers at presidential complex in Ankara.
Turkey criticizes US decision to end trade preferences
‘Decision conflicts with our mutual objective of reaching a bilateral trade volume of $75 billion,’ says trade minister.
Fall in inflation to continue: Turkish finance minister
Berat Albayrak says February figures positive outcome of measures taken recently.
Turkey posts highest February exports figure
Exports-to-imports coverage ratio rises significantly, 'most important indicator of 2019', says Turkish trade minister.
Economic confidence up in February
Turkey's statistical authority says economic confidence index stands at 79.4 in the current month, up from 78.5 in January.
Turkish Central Bank posts $10.7B net profit in 2018
Central Bank's gold assets in international standard amounted to 488.5 tons as of the end of last year.
Total turnover up 10.8 pct in December
On yearly basis, industry turnover index rises 17 pct in last month of 2018, says statistical authority in Turkey.
Istanbul to host world's angel investors next week
World Congress of Angel Investors also features policymakers, entrepreneurs, and heads of financial institutions.
Turkey, Serbia should target $2B trade volume
Turkish youth and sports minister made comments at the reception in Ankara marking Serbia's National Day.
Domestic tourism expenditure up 18.9 pct in Turkey
Trip expenditures of domestic tourists total $3.78B from July to September last year, says Turkey’s statistical office.
Turkish Central Bank distributes $6.3B advance dividend
Bank holds its Extraordinary General Assembly meeting on Friday.
Turkey's Borsa Istanbul rises 2.4 pct at close
BIST 100 index gains more than 2,200 points versus Tuesday's close.
Turkey achieves year-end budget deficit target in 2018
Turkish finance minister says country's budget deficit stood at 72.6B Turkish liras last year.
Turkey giving $570M support for exporters in 2019
Financial support will accelerate Turkey's value-added exports, says Trade Minister Ruhsar Pekcan.
Turkish auto market aims over $32B exports in 2019
Turkish automotive sector broke the record in 2018 with $31.6 billion, business association head says.
Apple's warning a bad omen for Wall Street bulls
Apple’s warning on Wednesday about weak iPhone demand in the holiday quarter is a gloomy omen for Wall Street bulls hoping for an early gift in 2019 following December’s steep selloff.
Turkey's annual inflation slips in December
Consumer prices in December down 0.40 percent compared to previous month, according to official data.
China factory activity shrinks for the first time in over two years
China’s factory activity contracted for the first time in over two years in December, highlighting the challenges facing Beijing as it seeks to end a bruising trade war with Washington.
Turkey: Economic confidence rises in December
New official data reveals it increases 2 pct to reach 75.2 in the current month.
US-China trade war: Two countries plan to hold talks
China says it has made plans for trade talks with the US in January following 'intensive' telephone calls.
Turkey receives $9.2B in foreign investment in 10-month
EU countries are top sources of direct capital inflow to Turkey, amounts to over 66 percent of total inflow.
Turkey exports 1.2M tons of pasta in 2018
Turkish pasta sector exports rise 14 percent year-on-year in 2018.
Turkey eyes to become 12th-largest economy based on PPP
Turkey will be the 12th-largest economy based on purchasing power parity (PPP) next year, President Recep Tayyip Erdogan said on Tuesday. Currently, the country ranks 13th-largest economy based on PPP
Europe is biggest drag in slump in 2018 equity raising
European equity raising slowed sharply in 2018, making it the biggest drag on falling global activity.