ISTANBUL: The ratio of government debt to gross domestic product (GDP) across the euro area stood at 88.7% in the first quarter of 2024, according to official figures revealed on Monday.
The 27-member bloc’s statistical department Eurostat said that …
ISTANBUL: Oil prices decreased on Monday over demand uncertainties in the US and China, the world’s largest oil consumers.
International benchmark Brent crude traded at $82.45 per barrel at 12.44 a.m. local time (0944GMT), a fall of 0.22% from the cl…
ISTANBUL: China’s central bank, the People’s Bank of China (PBC), unexpectedly decided to lower its interest rates by 10 basis points on Monday.
The one-year loan prime rate (LPR) dropped to 3.35%, and the over-five-year LPR decreased to 3.85%.
The …
ISTANBUL: Trkiye’s annual inflation rate is projected to drop to 42.95% by the end of this year, according to a Central Bank survey released on Monday.
The previous estimate of the survey, based on market participants, was 43.52%, the bank’s statemen…
ISTANBUL: The price of Bitcoin hit $67,500 again on Friday — the first time after more than five weeks.
Bitcoin saw its price climb to as high as $67,503 during the day, while it was trading just below $67,000 at 6.20 p.m. EDT for a daily gain of 4….
ISTANBUL: Moody’s announced Friday it upgraded Trkiye’s long-term foreign- and domestic-currency issuer and foreign-currency senior unsecured ratings to B1 from B3.
The global rating agency said the outlook remains positive.
“Concurrently, the forei…
