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US stock exchanges plunge at Wednesday’s opening

ISTANBUL: Major US stock exchanges experienced a significant drop following the opening bell on Wednesday.

The S and P 500 fell 81 points, or 0.47%, to 5,474 at 10.18 a.m. EDT. The Dow, meanwhile, declined 374 points, or 0.93%, to 39,983.

The Nasdaq…

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Moody’s upgrades ratings of 17 Turkish banks

ISTANBUL: Moody’s said it upgraded the local and foreign-currency long-term deposit, issuer, and senior unsecured ratings of 17 Turkish banks, while their outlooks remain positive.

The move is a result of the improvement of their operating environmen…

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Oil up as US inventories signal strong demand

ISTANBUL: Oil prices increased on Wednesday over strong demand expectations following data indicating a decrease in crude inventories in the US, the world’s biggest oil consumer.

International benchmark Brent crude traded at $81.31 per barrel at 10.1…

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Trkiye’s BIST 100 closes midweek looking down

ANKARA: -Trkiye’s benchmark stock index ended Wednesday at 10,991.57 points, down 0.88% from the previous close.

Extending its loss to a second session, Borsa Istanbul’s BIST 100 fell 97.96 points with a daily trading volume of 101 billion Turkish li…

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