ANKARA: European Central Bank (ECB) President Christine Lagarde said Thursday the institution will follow a macroeconomic data-dependent and meeting-by-meeting approach in determining the appropriate level and duration of monetary restriction.
“We ar…
ISTANBUL: The number of Americans filing first-time unemployment claims rose by 20,000 last week to 243,000, according to Labor Department data released Thursday.
The figure came in higher than estimates of 229,000. The previous week’s reading was re…
ISTANBUL: The Dow Jones industrial average hit a fresh record on Thursday, while the US stocks were mixed.
The blue-chip index, which includes 30 prominent American companies, rose 93 points, or 0.23%, to reach 41,291 at 10.34 a.m. EDT (1434GMT).
Th…
ISTANBUL: The unemployment rate in the UK as of May was at 4.4%, the Office for National Statistics (Ons) revealed on Thursday.
The unemployment rate was stable from April but up by 0.4 percentage point from May 2023.
“The unemployment rate is up on…
ISTANBUL: Construction production in the European Union (EU) fell by 2.5% year-on-year in May, according to data from Eurostat on Thursday.
Production in construction within the euro area fell by 2.4% during the same period, the data showed.
In the …
ANKARA: Oil prices rose on Thursday with positive demand outlook in the US, supported by inventory data from the Energy Information Administration (EIA) and rate cut signal from the US Federal Reserve (Fed).
International benchmark Brent crude traded…
