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…
ISTANBUL: The US saw 716,000 units of new home sales in August, down from 751,000 in July but beating the market expectation of 699,000.
The number of new home sales fell 4.7% from July to August, the US Census Bureau and the Department of Housing an…
ISTANBUL: The Organization for Economic Co-Operation and Development (OECD) has increased its expectation for the global economic growth from 3.1% to 3.2% on Wednesday.
Releasing its Economic Outlook’s Interim Report, the OECD said global output grow…
ISTANBUL: Sweden’s Central Bank cut its policy rate for the third time in 2024, lowering it by 25 basis points to 3.25% on Wednesday.
“If the outlook for inflation and economic activity remains unchanged, the policy rate may also be cut at the two re…
MOSCOW: Russian President Vladimir Putin said Wednesday that the share of the ruble in export payments increased almost threefold to 39% from 2021 to 2023.
He said at a meeting of the Russian State Council in Moscow that the share of payments for exp…
ISTANBUL: Turkish construction company Karmod said Wednesday that its container structures will be used as security offices in shopping centers in Venezuela.
The container buildings will be used in two shopping centers in the cities of Cagua and Cara…
