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McDonald’s reports decrease in global sales in Q2

ISTANBUL: The fast-food giant McDonald’s said on Monday that its global sales fell 1% in the second quarter of the year.

McDonald’s’ US sales decreased 0.7%, according to the Big Mac-maker’s earnings release for the second quarter, as the ‘guest coun…

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Ethiopia clinches deal with IMF for $3.4B in financing

ADDIS ABABA: Ethiopia has secured an agreement with the International Monetary Fund (IMF) for a new financing program valued around $3.4 billion, the IMF announced Monday.

The new four-year loan program will help support the country’s economic reform…

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Fitch upgrades Pakistan’s rating to CCC+

ISTANBUL: Fitch Ratings said Monday it upgraded Pakistan’s long-term foreign currency issuer default rating to CCC+ from CCC.

The rating agency said the upgrade reflects the country’s greater certainty over continued availability of external funding….

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US stocks finish Monday almost flat

ISTANBUL: Major stock exchange in the US finished Monday almost flat.

The Dow fell 49 points, or 0.12%, to end the day at 40,539 and the S and P 500 added just four points, or 0.08%, to 5,463.

The Nasdaq rose only 12 points, or 0.07%, to close the s…

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