Category: Business

Turkish stock exchange up at open

ISTANBUL: Trkiye’s benchmark stock index BIST 100 opened Thursday at 9,953.28 points, up of 0.63% or 62.28 points from the previous close.

On Wednesday, the BIST 100 index was down by 1.38% to 9,891.00 points, with a daily transaction volume of 88 bi…

US home sales beat market expectations in August

ISTANBUL: The US saw 716,000 units of new home sales in August, down from 751,000 in July but beating the market expectation of 699,000.

The number of new home sales fell 4.7% from July to August, the US Census Bureau and the Department of Housing an…

hungariannewsdigest.com 2024-10-10 00:00:00

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…

Trkiye’s reserves hit record level last week

ISTANBUL: Trkiye’s international reserves hit a historical high level last week, reaching $156.4 billion, the Turkish treasury and finance minister stated on Thursday.

Trkiye’s foreign reserve adequacy exceeded the threshold level according to the in…

Will rapid interest rate cuts lead to new problems?

ISTANBUL: While the world’s major central banks are expected to cut interest rates in quick succession, experts are divided, as some argue that a rapid decline may harm economies by undermining prior efforts.

This week, the Bank for International Set…

Will rapid interest rate cuts lead to new problems?

ISTANBUL: While the world’s major central banks are expected to cut interest rates in quick succession, experts are divided, as some argue that a rapid decline may harm economies by undermining prior efforts.

This week, the Bank for International Set…

US economy expands 3% in Q2

ISTANBUL: The world’s largest economy, the US, expanded by 3% in the second quarter of 2024, according to the Bureau of Economic Analysis’ third reading.

Compared to the first quarter, the acceleration in GDP in the second quarter mainly reflected an…

US economy expands 3% in Q2

ISTANBUL: The world’s largest economy, the US, expanded by 3% in the second quarter of 2024, according to the Bureau of Economic Analysis’ third reading.

Compared to the first quarter, the acceleration in GDP in the second quarter mainly reflected an…