LONDON: Trkiye is likely to see strong disinflation over the coming months and a rebalancing of the economy without a hard landing, according to a Deutsche Bank strategist.
Since last year’s elections, Trkiye has undergone a major shift toward orthod…
ANKARA: Oil prices decreased on Wednesday due to demand worries in China, while strong demand data from the US and the Israeli aggression in Gaza supported upward price movements.
International benchmark Brent crude traded at $83.56 per barrel at 9.5…
ANKARA: The eurozone’s annual consumer inflation rate in June eased to 2.5% as initially estimated, according to a second reading released on Wednesday.
The figure was down from 2.6% in May, Eurostat data showed.
Core inflation, excluding volatile f…
ISTANBUL: The US Federal Reserve is expected to cut interest rates in December, following an anticipated reduction in September, with the European Central Bank (ECB) likely to follow suit during the same period.
Meanwhile, the possibility of Donald T…
ISTANBUL: The US Federal Reserve is getting closer to an interest rate cut as inflation is slowing, Fed Governor Christopher Waller said Wednesday.
“In the second quarter, data on inflation and the labor market moderated in a way that suggests progre…
ISTANBUL: The Dow Jones industrial average hit a new record on Wednesday, while the US stocks opened the session on a mixed note.
The blue-chip index, which includes 30 prominent American companies, rose 170 points, or 0.42%, to reach 41,125 at 10.21…
