Market Outlook: UOB Anticipates Three Rate Cuts from the Fed in 2025

UOB senior economist Alvin Liew argued that it is likely the Fed could make a 75 basis point rate cut next year. Liew noted that it is not surprising for the Fed ...

Philippine Central Bank Cuts Interest Rate by Expected 25 Basis Points

Forex - The Bangko Sentral ng Pilipinas (BSP) has reduced the policy interest rate for the third time this year, as widely expected, due to inflation being on tar...

Vestel Restructures Its Senior Management Organization into a Function-Based Structure

Forex - Vestel (IS:VESTL) has reorganized its upper management structure into a function-based model.

In a statement made to the Public Disclosure Platform (KAP...

Net International Investment Position Showed a Deficit of $288.9 Billion by the End of October

Forex - The net international investment position recorded a deficit of $288.9 billion at the end of October.

According to the Central Bank of the Republic of T...

In 2023, 2 Trillion 693 Billion 497 Million TL Spent on Social Protection

In 2023, social protection spending increased by 108.6% compared to the previous year, reaching 2 trillion 693 billion 497 million TL. Of this expenditure, 98.2% ...

MARKET INSIGHT - German Consumer Confidence to Rise as Political Climate Stabilizes

Foreks - Melanie Debono from Pantheon Macroeconomics forecasts that German consumers will begin to express more confidence as the political environment stabilizes...

Marmarabirlik to Disburse 359 Million TL to Shareholders on December 20

Foreks - Marmarabirlik will make a payment of 359 million TL to its shareholders on Friday, December 20, 2024 (tomorrow), as 50% of the product payments delivered...

Swedish Central Bank Cuts Policy Rate by Another 25 Basis Points

Forex - The Swedish Central Bank (Riksbank) has reduced the policy interest rate by an additional 25 basis points to provide more support to the economy and help ...

Termo Teknik Aims for Increased Panel Radiator Production and Sales by 2025

Foreks - M. Emin Kasan, the General Manager of Termo Teknik Turkey, stated that despite the stagnation in the heating systems industry in 2024, Termo Teknik was a...

Market Outlook: GBP Strengthens If BoE Approaches Rate Cuts With Caution

Forex - Commerzbank analyst Volkmar Baur stated that the British Pound is likely to rise if the Bank of England continues to gradually and cautiously lower intere...

Taiwan Central Bank Keeps Interest Rates Steady

The Central Bank of Taiwan (CBC) has so far rejected participating in the easing of monetary policy adopted by its Asian counterparts and did not make any changes...

Octet Turkey Secures Open Banking License

Foreks - Octet Türkiye has obtained an Open Banking license. Following the decision published in the Official Gazette, Octet Türkiye customers will now be able to...

MARKET OUTLOOK - Standard Chartered Expects Fed to Pause Interest Rate Cuts in January

Forex - Following the Federal Reserve's signal of a slower interest rate cut next year, the dollar remains near its highest level in two years. The Fed lowered in...

Iş Bank rewards over 3,800 young individuals in 53 years with the "Golden Youth" initiative

Foreks - Türkiye İş Bankası’s "Golden Youth" initiative, which was launched in 1971 to reward students who excelled in the university entrance exams, has recogniz...

Turkey's Housing Price Index Increased by 2.14% in November

The Turkey Residential Property Price Index increased nominally by 2.14% in November 2024 compared to the previous month, while it decreased in real terms by 0.10...

Norway's Governor Bache: It's Appropriate to Start Easing Monetary Policy Soon

Forex - The Governor of the Central Bank of Norway (Norges), Wolden Bache, stated that it would soon be appropriate to start easing monetary policy. Norges did no...

TANKER REPORT - The Dardanelles Strait Will Reopen for Transit Passages at 12:45 PM

Due to reduced visibility caused by fog, the Dardanelles Strait, which had been closed to transits, is set to reopen in the coming minutes. According to informati...

Gold Recovers After Sharp Drop Following Fed's Decision

Forex - Gold prices fell after the Fed reduced interest rates by 25 basis points but signaled fewer cuts next year, leading to an increase in the US dollar and bo...

Norway's Central Bank Holds Interest Rate Steady, Signals Likely Cut in March

Forex - The Norwegian Central Bank (Norges) did not change interest rates at its eighth consecutive meeting, in line with market expectations, and stated that a r...

Increasing Expectations for Fed to Pause Rate Cuts in January

Forex - Following Standard Chartered, Abrdn analyst Dongyue Zhang stated that the Federal Reserve is likely to pause interest rate cuts in January as it shifts to...

UK 10-Year Bond Yields Hit 14-Month High

Forex - The yield on the UK's 10-year government bond rose by approximately 10 basis points to 4.650%, the highest level in 14 months, following an increase in U....