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US wholesale trade sales rise 0.4% in May

ISTANBUL: Wholesale trade sales in the US increased by 0.4% in May, compared to the previous month, according to Commerce Department figures released Wednesday.

Wholesale trade sales, also known as the total sales of merchant wholesalers except manuf…

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OPEC daily crude output falls by 0.3% in June

ANKARA: Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) decreased by 0.3%, or by 80,000 barrels per day (bpd), in June to average 26.57 million bpd, according to OPEC’s monthly oil market report released on Wednesday…

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US mortgage applications fall with rates around 7%

ISTANBUL: US mortgage applications fell last week, as mortgage rates remained around 7%, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage loan application volume, was down …

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