ISTANBUL: US business inventories increased 0.5% to $2,558.5 billion in May, according to Commerce Department figures released Tuesday.
The figure came in higher than expectations of a 0.4% increase.
The figure for April was revised up from $2,545.2…
ISTANBUL: The US Treasury Department announced Tuesday it imposed sanctions on multiple entities linked to a Mexican cartel that uses timeshare fraud schemes to target Americans.
The sanctions include three Mexican accountants and four Mexican compan…
ISTANBUL: Housing starts in Canada plummeted 9% in June, compared to the previous month, according to Canada Mortgage and Housing Corporation (CMHC) figures released Tuesday.
Housing starts stood at 241,672 units in June, down from 264,929 units in M…
ADDIS ABABA: Ethiopia, facing a significant foreign exchange shortage, signed a currency swap agreement with the United Arab Emirates, a joint statement revealed on Tuesday.
The agreement, inked between the National Bank of Ethiopia (NBE) and Central…
ISTANBUL: Homebuilding sentiment in the US decreased in July, according to a report released on Tuesday.
The National Association of Home Builders/Wells Fargo Housing Market Index came in at 42 in July, down one point from 43 in June.
The index stoo…
ISTANBUL: Declining consumer inflation in the US has increased the likelihood of a first interest rate cut by the Federal Reserve in its September meeting.
The consumer price index (CPI), which measures changes in prices of commonly purchased goods a…
