TURKSTAT: Istanbul Takes the Largest Share of Gross Domestic Product in 2023 at 30.4%

According to calculations of Gross Domestic Product (GDP) at current prices at the provincial level, in 2023, Istanbul reached the highest GDP of 8 trillion 60 bi...

STOCK EVALUATION - Investment Finance removes Aydem and Migros from its model portfolio, adds Anadolu Group Holding

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TANKER REPORT - Transit Passages in the Dardanelles Strait to Resume at 1:00 PM

Due to reduced visibility caused by fog, the Dardanelles Strait, which was closed to transit traffic, will reopen at noon. According to information received, fog ...

IfW Kiel Predicts Economic Slowdown for Germany in 2025

Foreks - The IfW Kiel Institute for the World Economy stated that the German economy is expected to stagnate next year after contracting for two consecutive years...

Electronics Industry Comes Together at TESİD Summit

Forex - The TESİD Summit, organized by the Turkish Electronics Industrialists Association (TESİD) on December 11, aimed to bring together leading figures in the e...

ATO/Baran: Access to Financing is a Challenge for the Business World, KGF Should Be Activated

Forex - The President of the Ankara Chamber of Commerce (ATO), Gürsel Baran, along with ATO Council President Mustafa Deryal, ATO Board and Council Members, hoste...

China Prepares to Launch Nationwide Private Pension System

China, the world's second-largest economy, is facing a rapidly aging population and a dwindling public pension fund, prompting preparations for the rollout of a n...

IDMIB/Karaca: Leather Export Decline Slows, Sector on the Rise

Foreks - The 13th Leather and Fur Fashion Fair, organized by the Turkish Leather Garment Manufacturers Association (TDKD), has opened its doors in Antalya. Despit...

Fidan: We've Reached a Significant Milestone in Resolving Disputes Between Somalia and Ethiopia

Foreign Minister Hakan Fidan noted that an important milestone has been reached in resolving the long-standing disputes between Somalia and Ethiopia.

In a state...

Garanti BBVA Offers Convenient Financial Data Sharing Opportunity for Businesses and Individuals

Forex - Garanti BBVA’s corporate and individual business customers can now transmit their financial data to the bank through digital channels with a single click,...

Swiss National Bank Cuts Policy Rate by 50 Basis Points, Surpassing Expectations

Forex - The Swiss National Bank (SNB) made a move that exceeded market expectations by reducing the policy rate by 50 basis points. According to the SNB's announc...

India Considers Implementing Safeguard Duty on Steel

India's Steel Minister H.D. Kumaraswamy announced that India is considering implementing a safeguard duty or temporary tax to curb cheap imports from China.

Dur...

Bolat: Strong Improvement in Current Account Balance Continues to Present a Positive Outlook for the Economy’s Future

Forex - Trade Minister Ömer Bolat stated that the strong improvement in the current account balance continues to paint a positive picture for the future of the ec...

Uzbekistan Central Bank Holds Steady on Interest Rates

Forex - The Central Bank of Uzbekistan (CBU) did not change its policy interest rate. According to the statement from the CBU, the benchmark interest rate remaine...

Bolat: We Place Great Importance on Diversifying Collaboration Areas to Reach the $30 Billion Bilateral Trade Volume with Iran

The Minister of Trade, Ömer Bolat, emphasized the importance of diversifying cooperation areas to achieve the bilateral trade volume target of 30 billion dollars ...

Market Outlook: Dollar Could Strengthen After US PPI Data and ECB Interest Rate Decision

Forex - Chris Turner from ING stated that if the data released at 1630 GMT shows that U.S. producer price inflation is higher than expected, the U.S. dollar could...

Citi: Stablecoins Could Strengthen the Dollar's Dominance

A report published by Citi (C) analysts highlights that stablecoins account for more than three-quarters of the cryptocurrency trading volume and are largely pegg...

Swiss Franc (CHF) Drops After SNB's Larger-than-Expected Rate Cut

The Swiss franc experienced a sharp decline following an unexpected interest rate cut by the central bank. The currency fell to its weakest level in two weeks, re...

MARKET OUTLOOK - Swiss National Bank Doesn't Need to Cut Rates Significantly

Foreks - In a note written after the Swiss National Bank surprised consensus with a half-point rate cut, Melanie Debono from Pantheon Macroeconomics stated that t...

UBS Prefers GBP, AUD, and CHF; Neutral on JPY, Bearish on CNY

UBS has a positive outlook for the British pound (GBP), Australian dollar (AUD), and Swiss franc (CHF) within the G10 currency group. The financial services firm ...

UBS Expects Decline in Upcoming Data for EUR/JPY and EUR/GBP

UBS has emphasized the importance of upcoming economic indicators rather than the recent European Central Bank (ECB) meeting when sharing its forecasts on the pot...