ISTANBUL: The US trade deficit decreased 2.5% to $73.1 billion in June, falling from its highest level since October 2022, according to the Commerce Department’s Census Bureau on Tuesday.
The expectation for the figure was to show a deficit of $72.5 …
ISTANBUL: US household debt climbed to nearly $17.8 trillion in the second quarter of this year, according to a Federal Reserve report released Tuesday.
Total household debt rose by $109 billion, or 0.6%, in the April-June period of this year compare…
ISTANBUL: The US Treasury Department said Tuesday that it imposed sanctions on Paraguayan tobacco company Tabacalera del Este S.A. (Tabesa) for providing financial support to Paraguay’s former president.
Horacio Manuel Cartes Jara was sanctioned by t…
ISTANBUL: Greece’s plan to become a major liquefied natural gas (LNG) hub in Europe and expand its LNG capacity has been undermined by declining demand and low-priced Russian gas, according to experts.
Athens is one of several EU countries that aspir…
ISTANBUL: More than 3.4 million American families benefitted from $8.4 billion in tax credits to lower the costs of clean energy and energy efficiency upgrades to their homes in 2023, the US Treasury Department said Wednesday.
The number of families …
ISTANBUL: Fitch Ratings said Wednesday it affirmed the Islamic Corporation for the Development’s (ICD) long-term foreign currency issuer default rating at A+ with a stable outlook.
The rating agency said ICD’s ratings are backed by the support it rec…
