ANKARA: Trkiye’s central government budget balance saw a 275.3 billion liras ($8.5 billion) deficit in June, according to official data released Tuesday.
The figure switched from a 219.4 billion Turkish liras ($6.8 billion) surplus in the prior month…
ISTANBUL: Homebuilding sentiment in the US decreased in July, according to a report released on Tuesday.
The National Association of Home Builders/Wells Fargo Housing Market Index came in at 42 in July, down one point from 43 in June.
The index stoo…
ISTANBUL: Housing starts in Canada plummeted 9% in June, compared to the previous month, according to Canada Mortgage and Housing Corporation (CMHC) figures released Tuesday.
Housing starts stood at 241,672 units in June, down from 264,929 units in M…
ISTANBUL: The US Treasury Department announced Tuesday it imposed sanctions on multiple entities linked to a Mexican cartel that uses timeshare fraud schemes to target Americans.
The sanctions include three Mexican accountants and four Mexican compan…
ISTANBUL: US business inventories increased 0.5% to $2,558.5 billion in May, according to Commerce Department figures released Tuesday.
The figure came in higher than expectations of a 0.4% increase.
The figure for April was revised up from $2,545.2…
ISTANBUL: The Biden administration unveiled new measures Tuesday to lower housing costs by limiting rent increases and building more homes.
The administration wants to protect renters in multi-family properties financed by loans acquired by Fannie Ma…
ISTANBUL: The International Monetary Fund (IMF) revised up Turkish economy’s growth forecast for this year to 3.6%, according to its World Economic Outlook Update report released Tuesday.
The upward revision is 0.5 percentage point above the previous…
ISTANBUL: US-based multinational investment bank and financial services company Bank of America saw its income decreasing in the second quarter of this year, according to its financial results statement released Tuesday.
The multinational investment …
ISTANBUL: The Dow Jones industrial average surged to a fresh record on Tuesday as US stocks opened the session on a mixed note.
The blue-chip index, which includes 30 prominent American companies, jumped 501 points, or 1.25%, to 40,713 at 10.08 a.m. …
ISTANBUL: Annual Canadian consumer inflation came in at 2.7% in June, slowing from a 2.9% year-on-year gain recorded in May, the country’s statistical authority said Tuesday.
The figure, in addition, reflects a significant slowdown since the 8.1% ann…
