ISTANBUL: Fitch Ratings said Wednesday that it downgraded Ukraine’s long-term foreign currency issuer default rating to ‘C’ from ‘CC.’
The rating agency said the move reflects its view that “the agreement in principle reached on 22 July between the g…
ISTANBUL: The Central Bank of Trkiye (CBRT) will terminate Turkish lira currency swap market transactions via the quotation method in a bid to diversify the sterilization tools.
According to the instructions sent to lenders, the decision will be effe…
ISTANBUL: The First Trkiye-Sudan Business Forum and Logistics-Economy-Investment Expo kicked off in Istanbul, gathering both countries’ official and business circles on Wednesday.
Ehlam Mahdi Sabeel, Sudanese minister of investment and international …
ISTANBUL: Tesla shares were down more than 10% on Wednesday, heading for the worst daily performance since January after the company posted weak second-quarter financial results.
The American electric carmaker’s stock price was trading at $219.84 at …
ISTANBUL: Ukraine’s sanctions on Russian energy corporation Lukoil pose a significant risk for Hungarian and Slovakian refineries, Fitch Ratings said Wednesday.
Refineries in Slovakia and Hungary face significant credit risk after crude oil from Luko…
ISTANBUL: The US trade deficit for goods fell by 2.5% to $96.8 billion in June, according to data released Wednesday.
This figure was below the expected $98.8 billion.
The trade deficit for goods in June decreased by $2.5 billion from approximately …