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
ISTANBUL : Boeing’s recent “final offer” for its striking workers, which includes a 30% salary increase over four years, has been met with disapproval from the International Association of Machinists and Aerospace Workers (IAM). The union, which has been on strike since Sept. 13, expressed its frustration on the X
ISTANBUL: Eurozone business activity saw a renewed decline in September, data provider S and P Global said on Monday. The fall in output was the first in the last seven months and came amid a sustained reduction in new orders, it noted. New business fell at the sharpest pace since
ISTANBUL: Global markets began the new week on a positive trend, as inflationary pressures appear to be waning, although concerns about a potential recession continue to cloud economic outlooks worldwide. Analysts predict that the US Federal Reserve will cut interest rates by 75 basis points before the year’s end. However,
LONDON: Trkiye could see a new rating upgrade in November with its improving net foreign currency reserves and quickly narrowing current account deficit. Since the shift Trkiye has gone in its macroeconomy policies over the year, the country saw the largest international credit rating agencies’ upgrade decisions. Fitch Ratings upgraded
