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Oil prices fall over demand worries in China

ISTANBUL: Oil prices decreased on Tuesday as the weak economic data in China caused worries about a slowing economy crimping demand in the world’s largest crude oil importer.

International benchmark Brent crude traded at $84.23 per barrel at 09.39 a….

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Canada’s manufacturing sales rise 0.4% in May

ISTANBUL: Canada’s manufacturing sales rose 0.4% to reach $71.4 billion in May, according to figures released Monday by the country’s statistical agency.

The market expectation for the figure was to show an increase of 0.3%.

The figure for April, me…

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Canada’s wholesale sales decrease 0.8% in May

ISTANBUL: Wholesale sales in Canada decreased 0.8% in May, compared to the previous month, to reach $82.2 billion, according to the statistics office on Monday.

The market expectation for wholesale sales, a leading indicator of consumer spending, was…

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Bitcoin reaches 1-month high at $63,700

ISTANBUL: Bitcoin, the most common digital currency, has surged over 2.1% on Tuesday to reach a one-month high of around $63,700.

As of 1130GMT, Bitcoin’s market cap has also increased to $1.26 trillion.

The positive sentiment in cryptocurrency mark…

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US retail sales remain steady at $704.3B in June

ISTANBUL: US retail sales in June showed no change from the previous month and remained steady at $704.3 billion, according to advance figures released Tuesday by the US Commerce Department.

The market estimate for the figure was to show a decrease o…

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