ANKARA: Oil prices fell on Wednesday amid discussion of a cease-fire in Gaza, uncertainty over the US Federal Reserve’s interest rate cut timing, and expectations that Hurricane Beryl will not damage oil infrastructure in the Gulf of Mexico.
Internat…
ISTANBUL: US Federal Chair Jerome Powell said Wednesday he is “not ready” to declare victory over inflation, despite that it has fallen significantly in two years.
“I am not ready to say that yet,” Powell said when he was asked after his testimony to…
ISTANBUL: The outcome of France’s snap election is prolonging political uncertainty, raising the risk of legislative deadlock and additional fiscal measures, according to Fitch Ratings.
“While President Emmanuel Macron’s Ensemble centrist bloc might …
ISTANBUL: The Nasdaq and the S and P 500 hit new highs Wednesday after the opening bell on Wall Street.
The S and P 500 rose 15 points, or 0.27%, to a new record of 5,592 at 10.22 a.m. EDT. The Nasdaq, meanwhile, added 90 points, or 0.49%, to hit
ISTANBUL: US mortgage applications fell last week, as mortgage rates remained around 7%, according to a Mortgage Bankers Association (MBA) report released Wednesday.
The market composite index, a measure of mortgage loan application volume, was down …
ANKARA: Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) decreased by 0.3%, or by 80,000 barrels per day (bpd), in June to average 26.57 million bpd, according to OPEC’s monthly oil market report released on Wednesday…
