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Economy

Economy

Türkiye’s Credit Rating Upgraded by 3 Major Agencies

November 2, 2024

Türkiye stands out as the only country to receive a two-notch credit rating upgrade this year from all three major rating agencies, according to the Turkish Treasury and Finance Minister. The minister shared on X […]

Economy

Fitch: Ongoing Market Volatility Despite Rate Cuts

October 31, 2024

Fitch Ratings has noted that while central banks have implemented interest rate cuts globally, financial market volatility and geopolitical and refinancing risks remain significant. The recent shifts in global monetary policy, including rate reductions in […]

Economy

Global markets are cautious ahead of the U.S. elections

October 30, 2024

Global markets are treading cautiously as they navigate mixed macroeconomic data and recent corporate earnings. Investors are largely in “wait-and-see” mode, keeping a close eye on the approaching U.S. presidential election, while ongoing geopolitical tensions […]

Economy

World Bank: Commodity prices may hit 5-year low by 2025

October 29, 2024

The World Bank forecasts that global commodity prices will drop to their lowest levels in five years by 2025, with a continued decline expected in 2026, primarily due to an oil surplus. This outlook comes […]

Economy

Worldwide semiconductor trade will decline by 2025

October 28, 2024

ISTANBUL Global growth in semiconductor sales is expected to slow in 2025, according to research firm Gartner, which reported this on Monday. Gartner forecasts an 18.8% increase in semiconductor sales for 2024, reaching $629.8 billion, […]

Economy

E-commerce hits $5.8 trillion; Türkiye aims for bigger export share

October 26, 2024

Global e-commerce trade hit a record $5.8 trillion in 2023, with Türkiye aiming to capture a larger share of this market. Turkish Trade Minister Omer Bolat shared expectations that the figure will rise to $6.3 […]

Economy

ECB governor sees disinflation on track but warns of global risks

October 26, 2024

European Central Bank (ECB) Governor Christine Lagarde announced on Friday that the disinflation process is “well on track,” according to recent inflation figures. “While global growth is projected to increase at a moderate pace, the […]

Economy

Turkish Stock Exchange Rises at Close

October 24, 2024

ISTANBUL – The Turkish benchmark stock index closed Thursday at 8,872.85 points, marking a 1.81% increase from the previous day. The BIST 100 index opened at 8,779.05 points and gained 158.16 points from Wednesday’s close. […]

Economy

Dorce Displays Modular Building Solutions at Istanbul Defense Expo

October 24, 2024

ISTANBUL – Turkish builder Dorce Prefabricated and Construction unveiled its innovative modular building solutions on Thursday at the SAHA International Defense and Aerospace Expo 2024 in Istanbul. Based in Ankara, Dorce specializes in mobile and […]

Economy

SEMA Calls for Pro-Business Presidential Nominee

July 24, 2024

Diamond Bar, Calif. (July 23, 2024) – The Specialty Equipment Market Association (SEMA), representing over 7,000 companies in the specialty automotive parts industry, issued a statement today emphasizing the importance of selecting a presidential nominee […]

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