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…
ANKARA: Consumer morale in Germany is expected to recover significantly to over two-year high in August, according to data released on Wednesday.
Market researcher GfK is foreseeing minus 18.4 points for consumer sentiment in August, up 3.2 points fr…
ISTANBUL: The Bank of Canada announced Wednesday it reduced its policy rate by 25 basis points to 4.5%, marking the second rate cut in more than four years.
The target for the overnight rate was lowered to 4.5%, with the bank rate at 4.75% and the de…
