Industry

Turkish manufacturing PMI tops threshold level in June

July 1, 2021

Turkey’s Central Bank on Thursday revised its regulations on reserve requirements “to improve the effectiveness of the monetary transmission mechanism.” The bank increased reserve requirement ratios for foreign exchange (FX) deposits/participation by 200 basis points for all maturity brackets. “The upper limit of the facility for holding FX will be decreased from 20% to 10% […]

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CORRECTION – Turkey’s Central Bank revises reserve requirements

July 1, 2021

Turkey’s Central Bank on Thursday revised its regulations on reserve requirements “to improve the effectiveness of the monetary transmission mechanism.” The bank decreased Turkish lira reserve requirement ratios by 200 basis points – for all maturity brackets. “The upper limit of the facility for holding FX [foreign exchange] will be decreased from 20% to 10% […]

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US stocks higher to start Q3 on positive note

July 1, 2021

US stocks opened higher Thursday to kick off the month of July on a positive note. The Dow Jones gained 48 points to 34,551. The S&P 500 added 11 to 4,309. The Nasdaq rose 29 to 14,533 with Netflix and Uber adding 1.3% and 2.5%, respectively. The VIX volatility index showed a steep decline, falling […]

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US stocks down despite positive data, volatility back

April 22, 2021

Major indexes on the US stock market opened lower on Thursday despite positive macroeconomic data but volatility is back to worry investors. The Dow Jones fell 111 points to 34,025 with JPMorgan sliding 0.8% and Morgan Stanley and Goldman Sachs shedding 0.3% each. The S&P 500 was off 9 points to 4,162 at 9.34 a.m. […]

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Turkey: Tourism revenues at $12.6 in 2020

January 29, 2021

With most of the world staying at home due to COVID-19, Turkey’s tourism revenues in 2020 totaled $12.6 billion, a 65.1% decline from the previous year, the Turkish Statistical Institute (TurkStat) announced Friday.Tourism expenditures also fell 74.9%…

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Oil prices steady over supply cuts, US inventory draw

January 29, 2021

Oil prices were steady on Friday as the drawdown in US oil inventories is set to relieve the supply glut, supported by Saudi Arabia’s impending oil output cut of 1 million barrels per day (bpd) from February onwards.International benchmark Brent crude…

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Borsa Istanbul looking down at Friday open

January 29, 2021

Turkey’s benchmark stock index opened at 1,477.42 points on Friday, down 1.39% or 20.90 points from the previous close.Borsa Istanbul’s BIST 100 index closed Thursday at 1,498.32 points, with a daily trading volume of 35.34 billion Turkish liras ($4.7…

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US markets end higher, recovering from previous losses

January 29, 2021

Major US stock market indexes closed higher Thursday, recovering from massive losses the previous day.The Dow Jones Industrial Average rose 300 points or 0.1% to 30,603 points while the S and P 500 gained 36 points or 0.1%, ending at 3,787.The Nasdaq …

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