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 …
