LONDON: Trkiye could see a new rating upgrade in November with its improving net foreign currency reserves and quickly narrowing current account deficit.
Since the shift Trkiye has gone in its macroeconomy policies over the year, the country saw the …
KARACHI: Pakistan’s prime minister said Sunday that his countrymen have rejected the “politics of polarization” and chosen sound economic policies that address inflation and improve their living standards.
Shehbaz Sharif’s remarks referred to recent …
ISTANBUL: Eurozone business activity saw a renewed decline in September, data provider S and P Global said on Monday.
The fall in output was the first in the last seven months and came amid a sustained reduction in new orders, it noted.
New business…
ISTANBUL: Global markets began the new week on a positive trend, as inflationary pressures appear to be waning, although concerns about a potential recession continue to cloud economic outlooks worldwide.
Analysts predict that the US Federal Reserve …
Moody’s announced Friday it upgraded Iceland’s local and foreign currency long-term issuer ratings to A1, from A2, but changed its outlook to stable from positive.
The upgrade in the rating reflects the government’s improving fiscal metrics with a si…
ISTANBUL : The Federal Reserve’s jumbo rate cut of 50 basis points reflects worries about the US labor market, according to a report by research organization The Conference Board.
“This probably reflected mounting concerns about downside risks to the…
GENEVA: Prices of essential food items in Austria have surged by up to 90% since 2021, according to a report released Thursday by the Arbeitskammer, the legal body representing employees in the country.
Data from the Arbeitskammer price monitor revea…
ISTANBUL: Major US stock exchanges soared at the opening Thursday after the Federal Reserve delivered its largest interest rate cut in 16 years.
The Dow Jones industrial average rose 362 points, or 0.87%, to 41,864 at 9.51 a.m. EDT (1351GMT). The San…