ISTANBUL : Germany’s business climate index declined in September, showing ongoing deterioration in the business sentiment, the Berlin-based ifo Institute revealed on Tuesday. “The ifo Business Climate Index fell in September to 85.4 points, from 86.6 points in August, the fourth decline in a row,” a press release read. Firms
ISTANBUL : Housing prices in the world’s largest economy, the US, rose 4.5% in July on a yearly basis, the Federal Housing Finance Agency (FHFA) announced on Tuesday. On a monthly basis, housing prices also saw a slight increase of 0.1% in July, the agency added. It stated: “For the
ISTANBUL : The Turkish benchmark stock index closed Tuesday at 10,029.73 points, up 1.44% from the previous close.? The BIST 100 index started the day at 9,911.41 points, adding 141.98 points from Monday’s close.? The lowest value of the index for the day was 9,878.57, while its daily high was
ANKARA : Trkiye aims to boost cooperation with Germany in various new fields, ranging from green transformation to supply chains, targeting $60 billion in bilateral trade volume. Germany is one of the largest Turkish export recipients worldwide, as Germany received exports valued at $21.1 billion last year, while German exports
ISTANBUL: The Bank of Japan (BoJ) is prepared to raise its policy interest rate if underlying inflation trends align with the bank’s expectations, its governor said on Tuesday. During a meeting with business leaders in Osaka, Kazuo Ueda said that with underlying inflation hovering around 2%, there is a diminishing
ISTANBUL : The US Federal Reserve’s jumbo interest rate cut makes sure of a ‘soft landing’ in the US economy as inflation continues falling and the labor market softens, according to an expert. ‘The Fed pivoted dovish, not only by cutting the funds rate by 50 basis points instead of
