ISTANBUL: Major US stock exchanges opened on a lower note Thursday after consumer inflation figures came higher than market estimates and disappointed investors.
The Dow Jones industrial average fell 82 points, or 0.19%, to 42,429 as of 9.52 a.m. EDT…
ISTANBUL: Hurricane Milton losses could fully deplete American insurers’ 2024 catastrophe budgets, according to a report by the S and P Global.
The agency said it assumes insurers’ exposure to property business in the US state of Florida is less than…
Istanbul: The number of Americans filing first-time unemployment claims soared by 33,000 last week to 258,000, according to Labor Department data released Thursday.
That marked the highest level of initial claims since Aug. 5, 2023 when it was 258,00…
ISTANBUL: The ounce price of gold saw its highest quarterly gain since 2016 in July-September amid interest rate cuts by central banks and geopolitical tensions leading to rising demand for the safe-haven asset.
The ounce price of gold saw a record h…
BELGRADE: Serbian President Aleksandar Vucic announced on Thursday that the country will sign a major energy contract with the US next week that will meet the country’s growing demand for the commodity for several years ahead.
‘Next week, we will sig…
ISTANBUL: US Federal Reserve officials were divided on the magnitude of an interest rate cut at their meeting last month, according to minutes of the central bank’s most recent meeting that was released Wednesday.
“Some participants observed that the…
ANKARA: Oil prices increased on Thursday with escalating conflict in the oil rich Middle East region and a surge in fuel demand in the US amid hurricane Milton which made landfall in Florida.
International benchmark Brent crude rose by 0.74% to $77.1…
ISTANBUL: Trkiye’s industrial production dropped 5.3% on a yearly basis in August, the Turkish Statistical Institute (TurkStat) announced on Thursday.
Among sub-sectors, both the mining and quarrying index and the manufacturing index slipped 5.4%, wh…