Industry

Electric carmaker Tesla sees $500B market value

November 24, 2020

Tesla’s market valuation hit $500 billion Tuesday for the first time. The company’s stock price hit $527.48 per share at 9.47 EDT (1447GMT) on the Nasdaq, taking the company to historic heights, while shares traded at $540 at 10.25 EDT (1525GMT) with a 3.4% gain. The US electric carmaker, energy storage and clean energy company […]

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Turkey: External assets at $225B in September

November 18, 2020

Turkey’s external assets amounted to $225 billion as of Sept. 31, down 11.2% from the end of last year, the Turkish Central Bank announced Wednesday. The country’s liabilities against non-residents also fell 0.9%, down to $593.5 billion during the same period. The net international investment position (NIIP) — the difference between external assets and liabilities […]

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Turkey’s Borsa Istanbul up at weekly close

October 16, 2020

Turkey’s benchmark stock index went up 1.04% to 1,192.73 points at close on Friday.   After starting the last transaction day of the week at 1,184.97 points, Borsa Istanbul’s BIST 100 index earned 12.30 points from Thursday’s close of 1,180.43 points.   During the day, the index hovered between 1,184.97 and 1,190.51 points.   The […]

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UPDATE – Turkey’s Borsa Istanbul up at weekly close

October 16, 2020

Turkey’s benchmark stock index went up 1.04% to 1,192.73 points at close on Friday.   After starting the last transaction day of the week at 1,184.97 points, Borsa Istanbul’s BIST 100 index earned 12.30 points from Thursday’s close of 1,180.43 points.   During the day, the index hovered between 1,184.97 and 1,190.51 points.   The […]

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Turkish Central Bank may raise interest rates: Survey

October 16, 2020

The Turkish Central Bank is expected to increase interest rates, according to a panel of economists surveyed by Anadolu Agency on Friday.       The Monetary Policy Committee (MPC) meeting will be held on Thursday to announce the bank’s decision on interest rates.       All 17 economists surveyed predicted a rise in […]

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Turkey to host int’l shoe expo in Antalya this month

October 14, 2020

Turkey’s Mediterranean resort city of Antalya will host an international shoe expo at the end of this month with 100 domestic producers and 1,000 foreign buyers.   Set to be held between Oct. 28-30, the 9th edition of Eksposhoes will be attend by foreign visitors, especially from Russia, Balkans and Europe, said a written statement […]

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G20 finance ministers discuss pandemic’s effects

October 14, 2020

The G20 countries’ finance ministers and central bank governors gathered to discuss effects of COVID-19 pandemic.   Ministers and governors tried to find ways to deal with these effects, Berat Albayrak, the Turkish finance and treasury minister, tweeted on Wednesday.   “We talked about the functioning of the collective action plan, which we have agreed […]

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Turkey’s Borsa Istanbul up 1.24% at close

October 14, 2020

Turkey’s benchmark stock index increased by 1.24% to close Wednesday at 1,189.29 points.   After starting the day at 1,177.09 points, Borsa Istanbul’s BIST 100 index earned 14.59 points over Tuesday’s close of 1,174.70 points. The price of one ounce of gold was $1,905 by market close, up from $1,870 at the previous close, according […]

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