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Canada’s retail sales fall 0.8% to $66.1B in May

ISTANBUL: Canada’s retail sales declined 0.8% to $66.1 billion in May, the country’s statistical authority said Friday.

The market expectation for the figure was to show a decrease of 0.5%, while retail sales rose 0.6% in April.

In May, sales were d…

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Turkish Central Bank reserves hit fresh all-time high

ANKARA: The Turkish Central Bank’s official reserve assets rose a fresh record high of $153.8 billion as of July 12, according to weekly figures released on Friday.

The gross reserves rose from $148.4 billion a week ago, the bank’s international rese…

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IT outage hits Microsoft, Crowdstrike shares

ISTANBUL: The IT outage, which caused disruptions in many sectors on a global scale due to Microsoft services, hit the company’s stock.

After closing Thursday at $440.37, the price of a Microsoft share lost value by 1.8% according to pre-market data….

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Global markets remain negative

ISTANBUL: Global markets are following a negative course as rising geopolitical risks and the selling pressure that started with technology stocks in US stock markets spread across the world.

Meanwhile, the selling pressure stemming from the trade wa…

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Over 52,600 companies established in Trkiye in H1

ISTANBUL: The number of newly established companies in Trkiye was at 52,676 during the January-June period.

This figure was down by 17.3% on a yearly basis, from 63,675 in the same period last year, Trkiye’s Union of Chambers and Commodity Exchanges …

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