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ISTANBUL: Trkiye’s international reserves hit a historical high level last week, reaching $156.4 billion, the Turkish treasury and finance minister stated on Thursday.

Trkiye’s foreign reserve adequacy exceeded the threshold level according to the in…

ISTANBUL: While the world’s major central banks are expected to cut interest rates in quick succession, experts are divided, as some argue that a rapid decline may harm economies by undermining prior efforts.

This week, the Bank for International Set…

ISTANBUL: The world’s largest economy, the US, expanded by 3% in the second quarter of 2024, according to the Bureau of Economic Analysis’ third reading.

Compared to the first quarter, the acceleration in GDP in the second quarter mainly reflected an…

BAKU: Turkish defense firm Assan is working to build an aerial bomb production facility in Azerbaijan, in addition to the contractor’s already ongoing ammunition sales to the country.

Gurcak Okumus, Assan’s CEO, told Anadolu that agreements for the p…

ISTANBUL: The Swiss Central Bank cut its policy rate to 1% by 25 basis points, third time in a row in 2024.

The bank stressed that the inflationary pressure in the country decreased significantly in the third quarter versus the previous quarter.

Sin…