ISTANBUL: Business activity in the US grew in July at the highest rate in 27 months, global data provider S and P Global said Wednesday in a report.
The US Services Business Activity Index climbed to 56.0 in July, up from 55.3 in June, according to t…
ISTANBUL: The EU’s production of manufactured goods decreased by 1.2% in 2023, following two consecutive years of growth, according to data released by the region’s statistical bureau Eurostat on Wednesday.
The highest increase in production value wa…
ISTANBUL: The Nasdaq and the S and P 500 had Wednesday their worst daily performance since 2022 as US stocks closed the session with major declines with tech firms’ shares taking a nosedive.
The tech-heavy Nasdaq plummeted nearly 655 points, or 3.64%…
ISTANBUL: American banks’ fee income in the second quarter has helped offset their lower net interest income, according to reported financial results, Fitch Ratings said Wednesday.
“The largest U.S. banks maintained prudent reserves and capital to co…
ISTANBUL: The US Treasury Department announced Wednesday that it imposed sanctions on multiple entities based in China that are supporting North Korea’s ballistic missile and space programs.
A network of six individuals and five entities based in Chi…
ISTANBUL: The US Manufacturing Purchasing Managers’ Index (PMI) declined in July to its lowest in seven months, global data provider S and P Global said Wednesday in a report.
The index, which measures the activity level of purchasing managers in the…
