News
Turkish stock exchange up at Thursday's open
6+ hour, 22+ min ago (112+ words) BIST 100 index earns more than 118 points ISTANBUL (AA) - T'rkiye's benchmark stock index opened Thursday at 14, 450. 12 points, up 0. 83% or 118. 91 points from the previous close. On Wednesday, the BIST 100 fell 1. 43% to close at 14, 331. 21 points, with a daily transaction volume of 139. 4 billion Turkish…...
Turkish central bank chief says deterioration in inflation expectations remains limited despite geopolitical backdrop
16+ hour, 37+ min ago (299+ words) ISTANBUL (AA) - Turkish Central Bank Governor Fatih Karahan said Wednesday that inflation expectations and the slowdown in demand will shape the inflation outlook in the coming period. . Karahan said food and energy inflation, which rose due to supply shocks, could…...
Dutch central bank cuts 2026 growth forecast to 0. 8% amid rising energy prices
1+ week, 6+ day ago (257+ words) Higher energy costs linked to Middle East tensions weigh on economic growth, boost inflation By Seyma Erkul Dayanc ISTANBUL (AA) - The Dutch central bank on Friday lowered its growth forecast for next year, citing higher energy prices linked to tensions…...
US initial jobless claims unexpectedly rise 4, 000 last week
2+ week, 55+ min ago (120+ words) 229, 000 claims filed, with 4-week moving average at 219, 000 ISTANBUL (AA) - The number of Americans filing first-time unemployment claims rose 4, 000 last week to 229, 000, according to US Labor Department data released on Thursday. The markets had expected the claims to fall to 220, 000 for…...
US stocks end mostly higher as chipmakers rebound, Iran halts attacks against Israel
2+ week, 2+ day ago (498+ words) S&P 500, Nasdaq gain as semiconductor shares recover from Friday's sharp selloff; European stocks close mostly lower ISTANBUL (AA) - US stocks rose on Monday, as semiconductor shares rebounded from a selloff last week, while investors also monitored a fragile ceasefire…...
US economy grows 1. 6% in 1 Q, below estimates
4+ week, 17+ min ago (218+ words) Revised Commerce Department data shows weaker-than-expected growth as inflation indicators accelerated to their highest in years By Sevgi Ceren Gokkoyun The US economy expanded at an annualized rate of 1. 6% in the first quarter, falling short of estimates, according to revised…...
T'rkiye's banking sector remains strong despite global risks, uncertainty
1+ mon, 3+ day ago (377+ words) By Ali Canberk Ozbugutu ISTANBUL (AA) " T'rkiye's Central Bank warned Friday that escalating geopolitical tensions and rising commodity prices have deepened uncertainties over the global inflation outlook, but at home, overall credit growth remains robust. In its financial stability report…...
Middle East tensions could slow Swiss economy, fuel inflation: Report
1+ mon, 5+ day ago (286+ words) Prolonged conflict involving Iran could push oil prices above $150 a barrel, according to UBS economists By Beyza Binnur Donmez GENEVA (AA) - Rising tensions in the Middle East and soaring energy prices are expected to slow Switzerland's economy and increase inflation,…...
China economy maintains steady growth in first 4 months
1+ mon, 1+ week ago (207+ words) Unemployment in China down from 5. 4% to 5. 2% from March to April ISTANBUL (AA) - China's economy showed a steady growth in the first four months of the year, driven by increases in industrial production, services and foreign trade, official figures showed on…...
Turkish Central Bank raises 2026 inflation forecast to 26% amid war-driven energy shock
1+ mon, 1+ week ago (453+ words) Bank revises interim targets for 2026-2028 to 24%, 15%, 9%, respectively, says tight monetary stance to last longer than previously expected ISTANBUL (AA) - The Turkish Central Bank on Thursday raised its year-end inflation forecast for 2026 to 26%, citing war-driven increases in energy prices, transportation costs,…...