ISTANBUL: Mexico’s retail sales declined 0.5% in June on a monthly basis, the country’s statistical authority said Tuesday.
The figure came in line with market estimates, while retail sales in May was revised to no change from a gain of 0.1%.
On a m…
ISTANBUL: The La Nina weather phase has fueled concerns in commodity markets since it is estimated to create disruption and volatility.
La Nina is expected to begin at the end of summer, following the El Nino phase, according to estimates by the US N…
ISTANBUL: Construction production in the European Union fell 0.1% year-on-year in June, while it was up 1% in the euro area, according to data Eurostat released on Tuesday.
Meanwhile, production in construction within the euro area rose 1.7% and 1.4%…
ISTANBUL: The annual inflation rate rose in both the EU and eurozone in July, to 2.8% and 2.6%, respectively, official figures from Eurostat showed on Tuesday.
The rate was at 2.6% in the EU in June and 2.5% in the euro area, said Eurostat.
The lowe…
ANKARA: Trkiye’s Central Bank on Tuesday kept the benchmark one-week repo rate constant at 50% for the fifth straight meeting, as widely expected.
Pointing to a slight hike in July inflation, the bank said indicators for the third quarter suggest tha…
ISTANBUL: US-based global semiconductor manufacturer AMD announced Monday that it had signed a definitive agreement to acquire artificial intelligence (AI) infrastructure provider ZT Systems for $4.9 billion.
The move is a major step in AMD’s AI stra…
