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February 13, 2024

UK chip designer Arm’s shares jump 29%

ISTANBUL: UK-based computer chip designer Arm Holdings saw its stock price jump more than 29% on Monday as its shares continued their rally due to strong demand for artificial intelligence (AI) technology.

The company’s stock price closed at $149 per…

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Retail sales volume in Trkiye rises 11.4% in December

ISTANBUL: The volume of retail sales in Trkiye rose 11.4% annually in December, the country’s statistical authority announced on Tuesday.

Sales of food, drinks, and tobacco climbed 8.7%, while those of non-food products increased 16.9% and fuel slipp…

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European stock exchanges close Monday higher

ISTANBUL: European stock exchanges closed with gains on Monday.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was up 2.63 points, or 0.54%, to finish at 487.46.

The UK’s FTSE 100…

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Trkiye’s current account deficit at $2.1B in December

ISTANBUL: Trkiye posted a current account deficit of $2.09 billion in December, the country’s Central Bank revealed on Tuesday.

When excluding gold and energy, the balance was in a net surplus of $4.16 billion, the bank added in a statement.

The goo…

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Turnover in Trkiye up 69% year-on-year in December

ISTANBUL: Trkiye’s total turnover index, including industry, construction, trade, and services, rose yearly by 69% in December, the Turkish Statistical Institute revealed on Tuesday.

The index rose 85% in construction, 72.4% in trade, 66.1% in servic…

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