Industry

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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US lawmakers slam block on investors in GameStop trade

January 29, 2021

US lawmakers criticized broker application RobinHood on Thursday after it restricted users from trading stocks that were pushed to unprecedented high levels by individual retail investors.The financial services company announced it is “restricting tra…

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US: Treasury chief calls French finance minister

January 29, 2021

US Treasury Secretary Janet Yellen called French finance minister Bruno Le Maire to discuss priorities, ending the coronavirus pandemic, supporting a strong global economic recovery, fighting income inequality and addressing climate change, the Americ…

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UPDATE – Turkey’s exports hit $169.5B in 2020

January 29, 2021

Turkish exports slipped 6.3% on an annual basis to $169.48 billion in 2020, a year when the coronavirus pandemic ravaged economies around the world, particularly in the country’s main export destination, the EU.Turkey’s imports last year rose 4.3% to …

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Turkey’s exports hit $169.5B in 2020

January 29, 2021

Turkey’s exports slipped 6.3% on an annual basis to stand at $169.48 billion in 2020, a year when the coronavirus pandemic ravaged several economies around the world, particularly in the country’s main export destination, the EU.Turkey’s imports last …

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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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